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(AP-ABC News) Josh Lederman - The Obama administration's calls for restoring global business ties with Iran are falling flat in Europe, where risk-averse banks told U.S. Secretary of State John Kerry on Thursday that they don't believe they can do business in the Islamic Republic without triggering U.S. sanctions. "We will not accept any new clients who reside in Iran, or which are an entity owned or controlled by a person there," said Standard Chartered. "Nor will we undertake any new transactions involving Iran or any party in Iran." "Deutsche Bank continues to generally restrict business connected to Iran," the bank said in a statement. 2016-05-13 00:00:00Full Article
U.S. Says Iran Open for Business, But Europe's Banks Disagree
(AP-ABC News) Josh Lederman - The Obama administration's calls for restoring global business ties with Iran are falling flat in Europe, where risk-averse banks told U.S. Secretary of State John Kerry on Thursday that they don't believe they can do business in the Islamic Republic without triggering U.S. sanctions. "We will not accept any new clients who reside in Iran, or which are an entity owned or controlled by a person there," said Standard Chartered. "Nor will we undertake any new transactions involving Iran or any party in Iran." "Deutsche Bank continues to generally restrict business connected to Iran," the bank said in a statement. 2016-05-13 00:00:00Full Article
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