(Reuters) - BAWAG said Cerberus had won over U.S. authorities to grant BAWAG an exception from the sanctions, which ban any U.S.-owned bank from offering banking services to Cubans. Similar exceptions are in place for European units of several U.S. banks.
"The board of BAWAG P.S.K. with immediate effect revokes the decision to terminate business relationships with Cuban nationals," BAWAG said in a statement. "The board apologises for problems and irritations that arose from the earlier measures."
Read more at Reuters.com Government Filings News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment