Pressed by U.S., European Banks Limit Iran Deals
Prodded by the United States with threats of fines and lost business, four of the biggest European banks have started curbing their activities in Iran, even in the absence of a Security Council resolution imposing economic sanctions on Iran for its suspected nuclear weapons program. Top Treasury and State Department officials have intensified their efforts to limit Iran-related activities of major banks in Europe, the United States and the Middle East in the past six months, invoking antiterrorism and banking laws. Full Story