Iran’s largest credit institution has gone into administration amid the government’s continued push to reform the country’s banking and financial system.
The Central Bank of Iran (CBI) said on Sunday that it had appointed a team of three administrators to restructure the Melal Credit Institution after the lender accumulated a loss of 650 trillion rials ($590 million)
Head of CBI’s regulatory and oversight department Farshad Mohammadpour said the Melal Institution had an asset–liability mismatch of 450 trillion rials and its capital adequacy ratio was minus 41%.
Mohammadpour said that administrators are expected to restructure the Melal Institution in the next six months, mainly by selling off its non-banking assets, properties and affiliated enterprises to pay down its debts.
CBI’s decision about Melal Institution comes three weeks after the lender declared Bank Ayandeh, one of Iran's largest private banks, insolvent and transferred its assets and staff to the state-run Bank ...
The world's largest aircraft carrier, the USS Gerald R. Ford, will arrive in the northern Caribbean on Sunday as tensions with Venezuela grow, according to a U.S. military official. The carrier will join 15,000 service members, including 2,000 Marines aboard an amphibious assault ship.
The official, who was not authorized to speak publicly, told NPR the "table is being set" for possible military action. Administration officials are continuing to hold high-level meetings with members of Congress and foreign leaders amid ongoing military exercises.
It remains unclear, however, if President Trump will use military force against Venezuela. The U.S. has conducted 20 strikes on boats in the region so far, saying they were ferrying drugs trafficked from the country. In August, the U.S. government set a $50 million reward for the arrest of Venezuelan leader Nicolás Maduro.......more below
https://www.npr.org/2025/11/15/nx-s1-5609888/aircraft-carrier-caribbean-venezuela-military-action
