Thursday 12 May 2016

Kerry seeks to reassure European banks on Iran trade | Reuters

Kerry seeks to reassure European banks on Iran trade | Reuters:

"European banks should not fear retaliation from the United States for resuming legitimate trade ties with Iran, U.S. Secretary of State John Kerry told a meeting of senior bank executives in London on Thursday.

About 10 executives from top European banks took part in the meeting, according to a British official, during which Kerry sought to allay bankers' concerns following past fines for lenders for breaking Iran sanctions.

"We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks," Kerry said."



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