“Washington is pushing non-U.S. banks to do what it is still illegal for American banks to do,” Stuart Levey, who was the undersecretary for terrorism and financial intelligence at the U.S. Treasury from 2004 to 2011, wrote in last Friday’s Wall Street Journal.
Levey, who is now chief legal officer for HSBC Holdings, a British bank, referred to a meeting last week in London in which U.S. Secretary of State John Kerry sought to persuade European financial institutions to do business with Iran. READ MORE
