The Treasury Department is revoking US financial access for Banque Misr's UAE branches, citing Iran-related transactions. Treasury Secretary Bessent warned of more weekly sanctions.
Sentimentbearish 35
Bearish · 35 of 100
Impact50
low · stays off the top drivers
Confidence80%
high confidence · 11 wires
Eventdeveloping
v11 · alerts feed only
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U.S. TREASURY SECRETARY BESSENT SAYS THAT THE TREASURY PLANS TO IMPOSE MORE IRAN SECONDARY SANCTIONS EVERY WEEK, STARTING WITH BANKS, SAYING 'WE'RE TELLING BANKS IT'S NOT OK TO HAVE IRANIAN MONEY AND TO AID THE IRANIAN REGIME' AND THAT PROBABLY NEXT TIME 'WE'LL JUST SANCTION A BANK OUTRIGHT', AFTER THE U.S. IMPOSED CURBS ON ONE EGYPTIAN BANK'S UNITED ARAB EMIRATES BRANCHES. - SOURCES
Bessent: US could likely sanction banks outright next time after Egypt bank actionbearish 35 · impact 40
Banque Misr: reviewing US Treasury notice, will reach out to department for more details - statement
Banque Misr: treating US proposed rulemaking notice with utmost seriousness, reviewing thoroughlybearish 30 · impact 50
Banque Misr affirms respect for regulatory frameworks after US sanctionneutral 50 · impact 30
Banque Misr reviewing US Treasury notice, will seek more detailsneutral 50 · impact 30
Treasury Department moves to sever Egyptian bank's UAE branches from US financial system over Iran tiesneutral 50 · impact 40
Egypt central bank: US Iran measures limited to Banque Misr UAE branch, dollar transactionsneutral 50 · impact 30
FinCEN proposes rule revoking Banque Misr UAE's US banking accessneutral 50 · impact 30
US treasury imposes limits on Egyptian bank for doing business with Iran - FT. https://t.co/E8XYWrDCOO
US Treasury revokes financial access for Banque Misr UAE branches over Iran tiesneutral 50 · impact 40 · this page
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