Lebanon Banks: Salameh raises goal for capital adequacy

Lebanon plans to raise the minimum level of top quality capital reserves held by banks to 12 percent within seven years, the Central Bank governor said Friday. Riad Salameh said he originally envisaged asking banks to raise reserves of Tier 1 capital to 10 percent – already significantly higher than the 7 percent required by […]

Strauss-Kahn’s allies cheer his release from house arrest

Political life in France was once again upended as former International Monetary Fund chief Dominique Strauss-Kahn was released from house arrest Friday in New York, a development that fascinated the French public but left both supporters and rivals unsure of the impact on the presidential race.