UniCredit Expects Deal With US Over Iran Sanctions Violations

Italy’s biggest bank UniCredit expects to reach a deal with the United States in a dispute over alleged sanctions violations in Iran in the coming months, its CEO said on Tuesday. 
“We are confident we can reach an agreement with the US before the end of the year,” Jean Pierre Mustier said in a conference call on the company’s second-quarter results, Reuters reported.  
Mustier did not give the details. 
In 2011, UniCredit was subpoenaed by the New York County authorities over a series of past operations involving Iranian companies.