68FINANCE
⚡ Markets: Creates uncertainty and potential counterparty risk in the banking sector until the target is named. If a major non-US bank is designated, it could cause significant disruption to international financial flows.banking stocks
U.S. Treasury Secretary Scott Bessent announced that a "large bank" will be sanctioned on Monday as part of the administration's strategy related to the ongoing conflict with Iran. The identity of the bank was not disclosed.
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