Economy, Business And Markets

Commerzbank Eying Iran Reentry

Commerzbank  Eying Iran  ReentryCommerzbank  Eying Iran  Reentry

Commerzbank is reviewing the possibility of returning to Iran, less than a year after agreeing to pay $1.45 billion to settle sanctions violations tied to the country.”Commerzbank is monitoring the development very closely and is reviewing a possible adjustment of its business policy,” a spokesman of Germany’s second largest lender said on Monday, Reuters reported.