Under a new rule proposed Friday by the Treasury Department, the Emirati branches of Banque Misr, Egypt’s second-largest bank, would be severed from access to the U.S. financial system.

The US Treasury restricted an Egyptian bank under Operation Economic Outcast, expanding Iran secondary sanctions to cover digital assets, gold,

By Daphne Psaledakis and David LawderWASHINGTON, Aug 28 (Reuters) - The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott…