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Midweek Roundup: 11 Swiss Banks to Share Employee Data with US Officials, EU Strengthens Iran Sanctions, and More
printThe Swiss government has given 11 banks the green light to disclose to the United States the names of employees and consultants working in the American market, swissinfo.ch reported. The handover to the U.S. Justice Department, which has already begun at five financial institutions, has angered bankers and politicians, the news agency said. The decision comes as the United States continues to pressure at least 10 Swiss banks to divulge data on their American clients. More The European Union imposed tough sanctions on Iran and Syria, prohibiting European banks from transacting with their Iranian counterparts except when they obtain waivers...
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