News

Weekly Roundup: JPMorgan Chase Draws Scrutiny, OFAC Blacklists Gazprombank, and More

Anonymous sources told Bloomberg that the U.S. Treasury Department is reviewing JPMorgan Chase & Co.'s relationship with Ocean Leonid Investments Ltd., a hedge fund allegedly linked to an Iranian oil trader whose blacklisted father, Hossein Shamkhani, is a close associate of Supreme Leader Ali Khamenei. More The U.S. Office of Foreign Assets Control blacklisted Gazprombank, Russia's largest remaining non-designated bank, its subsidiaries and more than 50 other, smaller Russian financial institutions, the Financial Times reported. More and More Gazprombank responded to the designation by advising clients traveling abroad to avoid using their bank cards, the Moscow Times reported. More Republican...

TO READ THE FULL STORY
Subscribe Learn More