US pushes EU, SWIFT to eject Iran banks
The Obama administration is pressuring the European Union and a global electronic banking system to expel Iranian banks from the network, another step in Western efforts to deprive Tehran of funds needed to develop nuclear weapons.
Kicking Iranian banks out of the Belgium-based SWIFT or Society for Worldwide Interbank Financial Telecommunication, would cut off one of the only remaining avenues for Iran to do business with the rest of the world. (Reuters)
