Not sure of the ramifications of this – but it seems the US Regulators are targeting and pressurizing all Banks that deal with Iran (even if the banks themselves are outside the US), and punish them. SCB is a very well recognized bank, with the US Regulators going after it – it would be interesting to see if SCB decides the US market is just not good enough for it – and exists from the US, considering SCB is huge outside the US and derives most of its revenue from emerging countries.
