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BaFin Orders Liquidation of Bank Saderat Iran's Hamburg Branch
Summary by Bne IntelliNews
10 Articles
10 Articles
In a hostile move in line with America's bullying policies, Germany revoked the license of the Saderat Bank branch.
·Tehran, Iran (Islamic Republic of)
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BaFin orders liquidation of Bank Saderat Iran's Hamburg branch
Credit: by Bernard Gagnon, licensed CC BY-SA 4.0Germany's regulator BaFin has withdrawn the licence of Bank Saderat Iran's Hamburg branch and ordered its liquidation, leaving about €200,000 of customer deposits frozen under EU sanctions.
·Berlin, Germany
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German regulator revokes license of Bank Saderat Iran in Hamburg
·London, United Kingdom
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According to the German Financial Supervisory Authority, the Export Bank of Iran is no longer allowed to carry out banking activities.
Bafin has claimed that the reason for the decision to revoke Saderat Bank's license was the violation of legal requirements and the failure to address regulatory deficiencies.
Coverage Details
Total News Sources10
Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
Factuality
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