Despite nuclear deal, Iran remains dangerous for European Banks – Put simply, Iran is still toxic for many banks. | The Jerusalem Post

The closure by Commerzbank this month of an account belonging to supporters of Hezbollah and the Tehran regime opens a window into the challenges faced by financial institutions seeking to re-enter the Iranian market.

While a spokesman for Germany’s second largest bank did not disclose the reason to The Jerusalem Post for pulling the plug on the account, Commerzbank’s March agreement to pay US financial regulators a $1.45 billion fine as part of its illicit dealings with Iran probably played a role….