WorldBessent says 'a large bank' will be sanctioned Monday as part of Iran strategy
U.S. Treasury Secretary Scott Bessent said a large bank would be sanctioned next week as part of the U.S. strategy toward Iran.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters

Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
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CNBC

The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
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Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
CCoinDesk

Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
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CNBC

Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
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NBC News

In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
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NBC News

In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
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NBC News

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters
Reports that mention this person, by story.
U.S. Treasury Secretary Scott Bessent said a large bank would be sanctioned next week as part of the U.S. strategy toward Iran.

U.S. Treasury Secretary Scott Bessent said Thursday that the Trump administration will sanction an unnamed large bank next week. The move comes as Washington continues economic pressure on Tehran to end a U.S. conflict with Iran that has lasted more than six months.
Bloomberg Real Yield examines the surge in US Treasury yields and the bond market’s challenge to Bessent, alongside risks tied to CPI and possible Federal Reserve rate hikes. The program features investment and macro strategy specialists from Janus Henderson, JPMorgan Asset Management, Capital Group and CreditSights.

Long-term Treasury yields moved higher despite a $6 billion buyback. Concerns over debt and rising oil prices continue to weigh on bond markets worldwide.

Treasury Secretary Scott Bessent’s unusual effort to substantially enlarge the department’s debt-buyback program faltered Wednesday. Announcing the size of the first expanded operation was not enough to stop markets from falling.
Scott Bessent has challenged traders to bet against him, but the limits of his public pressure campaign are quickly becoming apparent.
Scott Bessent’s public campaign to push up the yen is lifting expectations that the Bank of Japan will embark on monetary tightening on a scale unseen for more than a generation. Markets could be disrupted if policymakers fail to deliver.
Treasury Secretary Scott Bessent’s latest effort to cool what he called the market’s “fever” backfired, triggering a sharp sell-off in bonds and a slide in stocks.

Treasury Secretary Scott Bessent warned foreign-exchange traders that “the house” is now him. The department is expected around 11 a.m. to disclose the size of a bond buyback operation announced Aug. 19.

Treasury Secretary Scott Bessent challenged traders to test his resolve to boost Japan’s currency, saying that if the US intervenes in the yen market, he has strong insight into the likely actions of Japan, the Bank of Japan and Japanese policymakers.
