Banks Unlikely To Follow Kerry's Push On Iran Contacts

By Evan Weinberger (May 13, 2016, 5:34 PM EDT) -- U.S. Secretary of State John Kerry on Thursday urged European banks to do business with Iran now that nuclear sanctions have been lifted, but that's unlikely to happen until the risks are worth it, experts say.

The nuclear deal that the United States, Iran, Russia and other nations agreed to last year allowed sanctions related to Iran's nuclear program to be lifted, but it left in place sanctions related to the country's support of international terrorism and its abysmal human rights record. What that meant is that companies were free to do business with certain Iranian entities, including banks, as long...

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