Blogs > HNN > UBS STOPS DOING BUSINESS WITH IRAN

Jan 23, 2006 9:50 am


UBS STOPS DOING BUSINESS WITH IRAN



I do not believe I am writing this. But hats off to UBS. This time they, apparently, wish to be on the right side of history:

Switzerland's largest bank UBS has stopped doing business with Iranian customers, according to a report in a Swiss Sunday paper. . . .

The bank refused to be drawn on whether the decision was directly linked to the dispute over Iran's nuclear programme.

The process leading to the termination of relations with Iranian clients had already begun last year, according to UBS.

Swiss radio reports said the bank was considering similar measures against Syrian customers.

Debka has additional details.



comments powered by Disqus