Major Iranian Bank Declares Bankruptcy, Sparks Financial Alarm
Major Iranian Bank Declares Bankruptcy, Sparks Financial Alarm Panic erupted across Tehran on October 25 after Ayandeh Bank, one of Iran’s largest private lenders, was officially declared bankrupt, leaving depositors in long queues amid fears of losing billions in savings. The bank’s collapse, which has left it with more than $5.2 billion in losses, delivers…

