Iran declares one of its largest private banks bankrupt
Iran declared one of the country’s largest private banks bankrupt, with its assets absorbed by the state,
official media reports, in a rare move in the country grappling with international sanctions.
Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But it had more recently been crippled by debt, with accumulated...