Weekly Roundup: Europe’s Banks Loath to Cut Iran Ties, Mexico Captures Cartel Kingpin, and More

Several European banks that promised to cease business with Iran have yet to do so, even years later, The Wall Street Journal reported Thursday. The institutions, which aren't violating any EU sanctions, could face reputational harm, however, according to the newspaper, which cited securities disclosures and bank officials. The bank relationships could involve billions of euros in long-term trade finance deals. More Mexico's Navy captured the head of the Gulf Cartel, one of the most wanted drug kingpins in the world, Reuters reported Wednesday. The arrest of Jorge Costilla, also known as "El Coss," could bring to light money transfers...