BEIRUT—Lebanon’s central bank said it would guarantee all “legitimate deposits” in the newly sanctioned Jammal Trust Bank, which on Friday rejected U.S. allegations that it helps to fund Iran-backed Hezbollah.
Washington hit the bank and its subsidiaries with sanctions on Thursday for allegedly facilitating the financial activities of the Shi'ite Hezbollah movement in Lebanon. The U.S. Treasury Department accused the bank of funneling money to the families of suicide bombers.
