A team from the International
Monetary Fund (IMF) met Lebanese government officials on
Thursday at the start of a visit to advise on how to tackle the
country's crippling financial and economic crisis.
The head of Intesa Sanpaolo
expressed confidence on Thursday that an unsolicited
takeover bid for rival UBI Banca would succeed,
reiterating that the price would not be raised despite a
cautious reception from UBI's board.
Angolan billionaire former first
daughter Isabel dos Santos said on Thursday her companies in
Portugal, where prosecutors seized her bank accounts last week,
still owed local banks 180 million euros ($195 million) after
repaying the bulk of the loans.
The Lebanese government is in a
phase of getting technical advice from the IMF, Finance Minister
Ghazi Wazni said in a statement on Thursday as IMF experts began
a visit to Beirut to advise on efforts for dealing with an