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Weekly Roundup: New York Investigates Panama Papers Leaks, Republicans Seek to Block Iran From U.S. Dollars, and More
printNew York banking regulators ordered 13 foreign financial institutions to disclose any relationships their New York branches may have had with Mossack Fonseca, the law firm at the heart of the Panama Papers scandal, Reuters reported. The lenders, none of which have been accused of wrongdoing, include Deutsche Bank, Credit Suisse Group, Commerzbank, ABN Amro Group and Societe Generale. More European financial institutions are refusing to finance contracts between dozens of EU energy, aviation and construction firms with Iran, stifling newly-authorized trade with the country despite purported promises from the White House that it would shield foreign lenders from U.S....
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