# Bessent teases a Monday bank sanction

> The Treasury Secretary promised a big bank would be hit, then refused to say which one or where.
- Title: Bessent teases a Monday bank sanction · CNBC | Shortify
- Summary: The Treasury Secretary promised a big bank would be hit, then refused to say which one or where. Washington is now going after the banks that move Iranian…
- Keywords: sanctions, iran, banking, treasury, us policy, business, finance, Bessent, teases, Monday, bank, sanction
- Source: CNBC — https://cnbc.com/2026/09/11/bessent-large-bank-sanctioned.html
- Author: Justina Lee
- Published: 2026-09-11T00:54:51+00:00
- Read time: 1 min
- Topics: sanctions, iran, banking, treasury, us policy, business, finance
## A bank, unnamed
Treasury Secretary Scott Bessent said on Thursday that the U.S. will sanction "a large bank" the following Monday. He named neither the institution nor its country.

> "A large bank" will be sanctioned by the U.S. next week
## Waiting until after 9/11
Bessent said the timing was deliberate, holding the action back so the anniversary of the attacks could pass first.

> We're going to do it on Monday because we want to honor the memory of our fallen citizens on 9/11.
## Egypt's bank already hit
The administration recently sanctioned the Dubai branches of Egypt's second largest bank, believed to have moved $1.8 billion to Iranians.
## Turkey's biggest is next
Bessent said Turkey's largest bank, which he claims had been giving funds to Iranians, will also be shut out.

> that had been giving to the Iranians
## Operation Economic Outcast
Last month's escalation put sanctions on almost 60 entities, vessels and individuals, a sharp step up from the measures running since February.
## The net widens
Secondary sanctions now reach further into shipping and technology, targeting anyone doing business with Iran rather than Iran alone.
## Key takeaway

Washington is now going after the banks that move Iranian money, not just Iran itself, and it is doing it in public.