Comment by pixl97
11 hours ago
If it's a French bank the country of France can tell said bank they must service said customer regardless of the loss of their US assets.
Every country that works at an international level assumes said risks.
I for one am tired of internal national companies playing pick and choose on the best options and ignoring everything else. If the world wants to go multipolar again it's time for corporations to get kicked in the sack.
Sure, they could, but they won’t because the banks business would be fucked and most governments aren’t trying to destroy their domestic businesses.
They might, but if they did they would presumably be prepared to retaliate against US seizures with their own. The only reason the US is able to credibly threaten to seize EU bank assets is because the EU governments are implicitly on board with the entire arrangement. As soon as it's no longer viewed as mutually beneficial it will crumble overnight.