Wednesday 6 July 2022
Asian Banks

US mulls tougher Iran law for foreign banks

US lawmakers are working on legislation that would force European and Asian banks with US accounts to directly report to the US Treasury their transactions with Iranian financial institutions, a lawmaker and congressional aides said on Tuesday.&nb


Asian banks review credit to French lenders

One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters

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