Armed man takes hostages at bank demanding his frozen savings.

An armed man demanding deposits frozen by his bank took an unspecified number of hostages on Thursday at the Federal Bank of Lebanon, a security source and a Reuters witness said.

Lebanese banks have limited withdrawals of hard currency for most depositors during the country's three-year financial meltdown, which has left more than three-quarters of the population struggling.

The man entered the Federal Bank of Lebanon branch in the Hamra neighbourhood in west Beirut just before noon on Thursday with a firearm, the security source told Reuters.

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