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…
U.S. Treasury sees economy still expanding in 2022 despite Q1 GDP drop
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief economist said on Monday, adding that inflation…
U.S. Treasury to pay down $26 billion in debt in Q2
NEW YORK – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion, primarily because…
U.S. Treasury 10-year yield hits 3% for first time in more than three years
NEW YORK – The U.S. benchmark 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a psychological milestone that could have major implications for other financial markets.…
U.S. Treasury Secretary Yellen to hold meeting with Japan’s Suzuki
TOKYO – U.S. Treasury Secretary Janet Yellen will hold a bilateral meeting with her Japanese counterpart Shunichi Suzuki on the sidelines of Group of 20 financial leaders’ gathering in Washington, the Treasury…
Brazilian government still undecided on public salaries, official says
By Marcela Ayres BRASILIA -Brazil’s government has not yet reached a decision over a salary increase for public servants this year, an official said on Monday, stressing that an across-the-board 5% wage…
U.S. Treasury issues general license for wind-down of transactions involving Sberbank units
BOSTON – The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11. The United…
Gold slips as rising Treasury yields bolster dollar
By Asha Sistla (Reuters) – Gold prices slipped in range-bound trading on Monday as surging Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine, while palladium extended…
President Of Local Chapter Of National Treasury Employees Union Convicted Of Wire Fraud And False Statements Charges
A federal jury found Jonathon Ortino, former president of the National Treasury Employees Union Chapter 165 (Union), guilty of two counts of making false statements and three counts of wire fraud in…
Two-year U.S. Treasury yields climb to new high
LONDON – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate hikes in…
U.S. 2s/10s Treasury yield curve inverts again
(Reuters) – A key part of the U.S. yield curve inverted on Friday morning in Asia, the second time in a few hours, according to Tradeweb data, as the two-year U.S. Treasury…
Lawsuit accusing 10 banks of rigging $23 trillion U.S. Treasury market is dismissed
By Jonathan Stempel NEW YORK – A federal judge on Thursday dismissed a long-running antitrust lawsuit accusing 10 of the world’s largest banks of pursuing two interrelated conspiracies to suppress competition in…
Analysis-As sanctions ‘weaponize’ US dollar, some Treasury buyers could fall back
By Karen Brettell (Reuters) – U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for Treasuries just…
Goldman raises U.S. Treasury yield forecasts on more hawkish Fed
– Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price pressures and a more hawkish pivot by…
U.S. Treasury deputy Europe-bound to coordinate sanctions on Russia over Ukraine
By Daphne Psaledakis WASHINGTON – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia’s assault on Ukraine and discuss next steps with…
U.S. Treasury official sees modest uptick in crypto illicit finance, but transactions small
By Andrea Shalal and Hannah Lang WASHINGTON – U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume…
U.S. Treasury yields push to new highs as Fed looks set to hike rates
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year Treasury yields…
U.S. Treasury launches campaign to educate public about crypto risks
By Hannah Lang – The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the…
More than half of U.S. Treasury rent relief funds deployed through January -Adeyemo
By David Lawder WASHINGTON – More than $25 billion from the U.S. Treasury Department’s Emergency Rental Assistance program has been spent or obligated over the past year through January 2022, Deputy U.S.…
U.S. Treasury warns crypto firms on Russia cybersecurity threat – source
By Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to Western sanctions,…
Yellen says Treasury to curb wealth of Russian oligarchs over Ukraine war
By David Lawder CHICAGO – U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central bank and…
U.S. imposes sanctions on two Russian banks – Treasury Dept
– The United States imposed sanctions on Russia’s VEB Bank and Promsvyazbank on Tuesday, according to statement from the U.S. Treasury Department, after Moscow formally recognized two regions of eastern Ukraine as…
Obama Treasury Official Blames Federal Spending For Inflation Crisis
Obama Treasury Official Blames Federal Spending For Inflation Crisis Ailan Evans on February 17, 2022 Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes…
U.S. Treasury rejects push by lawmakers to end IMF surcharges on some loans
By Andrea Shalal WASHINGTON – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of charging mostly…
Goldman Sachs raises U.S. Treasury 10-year yield forecast
– Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by end-2023. Goldman’s previous forecast for the end…
As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
By Daphne Psaledakis WASHINGTON – The U.S. Treasury Department on Friday issued a set of recommendations to combat illicit finance in the high-value art market and warned that the emerging digital art…
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