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Japanese snub Bank Saderat
- Iran: Sunday, September 17 - 2006 at 16:37
Three Japanese banks have decided to cease doing business with Iran's Bank Saderat, following a decision last week by the US to ban it entirely from its financial system, reported the Iran Daily. The banks in question are: the Bank of Tokyo-Mitsubishi, the Mizuho Corporate Bank and the Sumitomo Mitsui Banking Corporation. All three have branches in the US and it is thought other Japanese banks will follow their lead.
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Jonathan Sheikh-Miller, Deputy EditorSunday, September 17 - 2006 at 16:37 UAE local time (GMT+4)
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This article was updated on Sat Nov 11 2006.
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