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      Archive: 2/18/2014

      News Brief

        2/18/2014, Adar 18, 5774

      Iran's Largest Private Bank Sues UK Government

      Bank Mellat, Iran's largest private bank, is suing the UK government for $4 billion in damages after the Supreme Court quashed sanctions against it, the BBC reported on Monday.

      The sanctions were applied over the bank's alleged links to the country's nuclear program. Bank Mellat wants compensation for what it says is a "significant pecuniary loss" and substantial reputational damage.