U.S. Treasury proposes severing a Swiss bank from the U.S. financial system over Iran and Russia links

In a dramatic step, the U.S. Treasury Department on Thursday said it’s proposing to sever a Swiss bank from the U.S. financial system over its alleged illicit ties to Russia and Iran.

​In a dramatic step, the U.S. Treasury Department on Thursday said it’s proposing to sever a Swiss bank from the U.S. financial system over its alleged illicit ties to Russia and Iran.