Lebanon Revokes Bank Saderat Iran’s License amid US Pressure
Lebanon’s central bank has revoked the local license of Bank Saderat Iran, one of Iran’s largest banks, as Washington intensifies pressure on countries to sever commercial ties with Tehran. Banque du Liban Governor Karim Souaid told Bloomberg that the decision, taken this week, was intended to demonstrate Lebanon’s determination to protect its banking sector from institutions that could expose it to financial and regulatory risks.
