Iran Seeks to Resolve HSBC Freeze on Some Trade Financing, Sources Say

Europe's biggest bank freezes some transactions for approved goods over fear of falling foul of sanctions oversights, according to trade sources.

Jonathan Saul and Parisa Hafezi
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Signs sit outside branches of a Lloyds TSB bank, a Barclays Plc bank, a NatWest bank, and an HSBC Holdings Plc bank in Staines, U.K. Dec. 18, 2012.Credit: Bloomberg