New Jersey couple charged with stealing U-Haul, fake IDs, Treasury checks and gun
RARITAN TOWNSHIP, N.J. — A stolen U-Haul van led police to uncover a far-reaching identity theft and fraud scheme involving a local couple now facing a slew of charges including forgery, firearm…
US imposes sanctions on Myanmar’s defense ministry, two banks -Treasury website
WASHINGTON (Reuters) – The United States on Wednesday levelled sanctions against Myanmar’s Ministry of Defense and two banks used by the Southeast Asian country’s military to purchase arms and other goods in…
Analysis-US Treasury bond spree could jolt markets if leveraged bets unravel
By Davide Barbuscia NEW YORK (Reuters) – An expected surge in Treasury bill issuance could throw a wrench into the gears of hedge fund trades that have resulted in record short positions,…
U.S. Treasury found no currency manipulation in 2022, downgrades Swiss scrutiny
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for an export advantage, adding it ended “enhanced…
US Treasury official meets with China’s new ambassador in Washington
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh met on Friday with China’s new ambassador to the United States, Xie Feng, holding a discussion aimed at maintaining open communications…
Treasury says further bill auctions depend on raising debt limit
(Reuters) – The U.S. Treasury Department on Thursday announced $15 billion in one-day cash management bills on June 2 and said it tentatively plans to sell 13-week and 26-week bills on June…
US Treasury asks federal agencies for payments clarity as debt ceiling default looms
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication on the payments they expect to make and receive in the coming…
Australian luxury wine to China will take years to rebuild – Treasury
SYDNEY (Reuters) – Chinese wine sales will not return to the same level for Australia’s Treasury Wine Estate even if high tariffs imposed during a political dispute with Canberra are dropped, its…
U.S. Treasury yields to rise amid debt ceiling standoff: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S.…
Treasury: US banks have ‘substantial’ liquidity, deposit flows are stable
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it was continuing to monitor market developments amid sharp drops in the shares of regional lenders PacWest Bancorp <PACW.O and Western Alliance…
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest rates that have not been passed on…
U.S. Treasury official says June 1 default scenario is ‘best estimate’ but variable
WASHINGTON (Reuters) – The U.S. Treasury’s estimate that it could run short of cash to satisfy all U.S. payment obligations as early as June 1 is its “best estimate” based on recent…
U.S. Treasury: ‘Decisive actions’ taken in response to bank failures
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature…
Italy’s Treasury says freezes assets of Russian fugitive
MILAN (Reuters) – Italy’s Treasury said it has frozen the assets held in the country by Russian businessman Artem Uss, who dodged Italian authorities trying to extradite him to the United States…
Zambia reforms could go to waste if restructuring delayed further -Treasury Secretary
By Jorgelina do Rosario and Andrea Shalal WASHINGTON (Reuters) -Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said…
Brazil treasury says foreign investors pouring back into public debt
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied…
US Treasury sees continued global growth despite strains in banking sector
By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S.…
UK Treasury official sees no immediate concerns on UBS-Credit Suisse deal
By David Lawder WASHINGTON (Reuters) – Britain’s No. 2 Treasury official said on Tuesday that he does not have any immediate concerns about the execution of Switzerland’s Credit Suisse rescue by UBS…
U.S. Treasury says FSOC agreed banking system sound
WASHINGTON (Reuters) – The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains “sound and resilient” despite stress on…
‘Answer My Question’: Sen. John Kennedy Grills Biden Treasury Secretary On ‘Unsustainable’ Debt
‘Answer My Question’: Sen. John Kennedy Grills Biden Treasury Secretary On ‘Unsustainable’ Debt Harold Hutchison on March 22, 2023 Republican Sen. John Kennedy of Louisiana grilled Treasury Secretary Janet Yellen Wednesday on…
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’ Harold Hutchison on March 14, 2023 A former Treasury Department official said Tuesday that American banks were on the verge of being…
U.S. Treasury says Silicon Valley Bank, Signature Bank ‘not being bailed out’
WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer…
US Treasury eyes effective hike in overseas corporate minimum tax to 21%
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it has proposed raising the effective minimum rate that U.S. corporations pay on overseas income to 21% from about 10.5% as it…
U.S. Treasury approves $185.8 million in South Carolina broadband investments
WASHINGTON (Reuters) – The U.S. Treasury Department said on Tuesday it approved $185.8 million in American Rescue Plan funds for broadband infrastructure projects in South Carolina expected to connect about 31,650 homes…
US Treasury puts cost of outbound investment risk program at $10 million
WASHINGTON (Reuters) – A program to address the risks of outbound U.S. investment in areas with sensitive technology potentially harmful to national security would cost $10 million if set up this fiscal…
Marketmind: Ten-four, Treasury yields soar
A look at the day ahead in U.S. and global markets from Mike Dolan Spooked by a resurgence of already high global inflation and the ire of central bank hawks, the bond…
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