Banking News
Just weeks after two large Swiss banks, UBS and Credit Suisse, cut all commercial ties with the Castro regime, one of Australia's largest banks has followed suit.
The ANZ Bank has revealed that it will stop doing business with a handful of countries that are on what the media have described as a "US black list" - such as Iran, Sudan and Cuba.
According to this report in The Sydney Morning Herald, the ANZ went through 330,000 related transactions going back to 2001 and uncovered 42 instances where it might have inadvertently breached US regulations.
These are understood to have included dealings with Cuban mineral exporters.
Now, when the Swiss banks announced their decision last November, it didn't take long for the Communist regime to respond in characteristic fashion - by attacking UBS and Credit Suisse as "pitiful", "submissive" and "lackeys of the Empire". Of course.
Let's see how long it takes Havana to respond to the ANZ announcement.
The ANZ Bank has revealed that it will stop doing business with a handful of countries that are on what the media have described as a "US black list" - such as Iran, Sudan and Cuba.
According to this report in The Sydney Morning Herald, the ANZ went through 330,000 related transactions going back to 2001 and uncovered 42 instances where it might have inadvertently breached US regulations.
These are understood to have included dealings with Cuban mineral exporters.
Now, when the Swiss banks announced their decision last November, it didn't take long for the Communist regime to respond in characteristic fashion - by attacking UBS and Credit Suisse as "pitiful", "submissive" and "lackeys of the Empire". Of course.
Let's see how long it takes Havana to respond to the ANZ announcement.
posted by Luis M Garcia at 4:31 pm
2 Comments:
I don't think this banking thing will in the end do much of anything. Just more posing.
a recent good piece is
TRANSICION EN CUBA, CAMBIO EN MIAMI
http://armengol.blogspot.com/
Somebody came by my blog and left a ridiculous comment in an attempt to promote that blog.
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