CREDIT SWISS JOINS UBS IN ENDING BUSINESS WITH IRAN & IRANIANS
UBS and Credit Swiss, respectively the largest and second largest banks in Switzerland have announced they will no longer do business with the Islamic Republic of Iran nor will they offer any banking services to customers based in Iran, according to the editorial.
Iran's high risk and concern over the atomic issue has been stated as the reasons for the decision, the article reiterated.
Elsewhere, there are unconfirmed reports and indications that other international banks might take similar steps in the near future, it noted. Furthermore, even though later denied by the Iranian government, earlier in the week the Central Bank of Iran (CBI) stated its intention to transfer its fund from Europe to Southeast Asia, stated the editorial.
comments powered by Disqus
- Trump visits the National Museum of African American History and Culture
- New Book Says Bob Woodward Burned Hillary Clinton’s Ghostwriter
- For decades they hid Jefferson’s relationship with her. Now Monticello is making room for Sally Hemings.
- In a Walt Whitman Novel, Lost for 165 Years, Clues to ‘Leaves of Grass’
- Veteran Congressman Still Pushing for Reparations in a Divided America
- Historian and Antiwar Activist Marilyn Young Dies at 79
- Trump Chooses Historian H.R. McMaster as National Security Adviser
- Holocaust Historian Deborah Lipstadt Explains Why People Believe Trump's Lies
- Princeton’s Harold James warns World War Three is now a "serious threat”
- Israeli schools' history lessons create good soldiers, says pundit