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	<title>US banks Archives - Iran News Daily</title>
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	<title>US banks Archives - Iran News Daily</title>
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		<title>Top US banks won’t commit to ending Iranian financial access: report</title>
		<link>https://irannewsdaily.com/2018/08/top-us-banks-wont-commit-to-ending-iranian-financial-access-report/</link>
					<comments>https://irannewsdaily.com/2018/08/top-us-banks-wont-commit-to-ending-iranian-financial-access-report/#respond</comments>
		
		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Sat, 25 Aug 2018 08:30:41 +0000</pubDate>
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		<category><![CDATA[US banks]]></category>
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					<description><![CDATA[<p>Two top American financial institutions would not commit to cutting Iranian access to international financial markets as part of Trump&#8217;s anti-Iran campaign, the Washington Free Beacon reported on Friday. J.P. Morgan and Citibank &#8211; top American financial institutions that sit on the board of the SWIFT financial network, which facilitates international banking transactions &#8211; declined the Washington [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/08/top-us-banks-wont-commit-to-ending-iranian-financial-access-report/">Top US banks won’t commit to ending Iranian financial access: report</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
]]></description>
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<p class="summary introtext">Two top American financial institutions would not commit to cutting Iranian access to international financial markets as part of Trump&#8217;s anti-Iran campaign, the Washington Free Beacon reported on Friday.</p>
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<p>J.P. Morgan and Citibank &#8211; top American financial institutions that sit on the board of the SWIFT financial network, which facilitates international banking transactions &#8211; declined the <em>Washington Free Beacon</em> inquiries into whether they intend to disconnect Iran from the network and comply with the Trump administration&#8217;s sanctions, the American journalism website reported on Friday.</p>
<p>Both banks could play a pivotal role in ensuring SWIFT and its members obey the new sanctions, the report added.</p>
<p>Congressional efforts to ensure US banks and others disconnect Iran from SWIFT also have been met with muted reaction, according to the report.</p>
<p>A delegation of 16 Republican lawmakers on Thursday called on SWIFT to immediately disconnect Iranian access or face the brunt of new US sanctions imposed on Iran after Donald Trump&#8217;s unilateral and unlawful withdrawal from the landmark nuclear deal dubbed JCPOA.</p>
<p>Meanwhile, the European Union, in a move to save the 2015 nuclear deal after US pullout by ensuring Iran’s economic interests, adopted a first package of €18 million for projects in support of sustainable economic and social development in Iran, including €8 million assistance to the private sector.</p>
<p>Iranian Foreign Minister Spokesman Bahram Ghasemi said Friday that the EU&#8217;s €18 million package is different from the package of measures promised by the bloc to counter US sanctions on Tehran.</p>
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<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/08/top-us-banks-wont-commit-to-ending-iranian-financial-access-report/">Top US banks won’t commit to ending Iranian financial access: report</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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