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Financial system

Financial system latest

US Mulls Banning Huawei from US Banking System
December 4th, 2019 - 01:00 GMT

US Mulls Banning Huawei from US Banking System

The Trump administration considered banning China's Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. The plan, which was ultimately shelved, called for placing Huawei Technologies Co Ltd, the world's second-largest smartphone producer, on the Treasury Department's Specially Designated Nationals (SDN) list. One of the people familiar ...
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