Lebanese banks to remain shut indefinitely after economic crises

Lebanese banks will remain shut "indefinitely" due to a lack of security protection by authorities, say their association, BBC reported.

The announcement by the Association of Lebanese Banks follows a string of raids by customers demanding access to frozen savings last week.

It said their employees faced risks which had not been mitigated.

A woman armed with a toy gun staged a hold-up at a bank on Wednesday to pay for family medical bills.

There have since been other copycat raids, with reports of at least five last Friday.