U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
"This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop."
"This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop."
BELLINGS Intelligence Score: 58
Why it matters
The planned U.S. sanctions on another bank to clamp down on Iran transactions represent a significant regulatory and geopolitical enforcement action with broad implications for international banking, compliance, and credit risk, but it is not a systemic or monetary-policy event.
Sources
PBS NewsHour Economy
U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
"This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop."
ABC News Business
US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
Treasury Secretary Scott Bessent says the Trump administration plans to impose sanctions on another bank this week in effort to clamp down on Iran transactions
ABC News Business
US plans to sanction another bank this week in effort to clamp down on Iran transactions, Bessent tells AP
US plans to sanction another bank this week in effort to clamp down on Iran transactions, Bessent tells AP