BREAKING NEWS

Swiss bank BCP says halts all new business with Iran

By REUTERS

MAY 29, 2018 14:15

LONDON - Swiss lender Banque de Commerce et de Placements (BCP) has suspended new transactions with Iran and is winding down activities with the country after US President Donald Trump's pullout from the nuclear deal with Tehran, the bank said on Tuesday.

"We have suspended any new transaction related to Iran after May 8, 2018 and started the 'wind down period' within the framework of OFAC announcement," the bank said in a emailed statement to Reuters, referring to the US Treasury's sanctions enforcement arm.

Trump's withdrawal from the accord on May 8 was announced in tandem with the re-imposition of US sanctions within 180 days, prompting several European companies to announce their exit from Iran.

Philippines Marcos says threat of assassination 'troubling'

By REUTERS

11/25/2024 07:15 AM

Russia says it downs seven Ukrainian missiles over Kursk region

By REUTERS

11/25/2024 06:16 AM

Uruguay's center-left secures presidential victory with 49%

By REUTERS

11/25/2024 05:31 AM

Australia PM plays down privacy fears of social media ban for children

By REUTERS

11/25/2024 04:58 AM