Tag Archives: treasury department

A white paper is accusing the Treasury Department of overreliance on bills has sparked debate on Wall Street and in Washington. The paper claims that the Treasury Department’s decision to continue financing an outsize chunk of US debt with short-term Treasury bills is tantamount to deliberate manipulation of the economy.The …

Thirteen businesses and two individuals are under investigation by the US Treasury Department for allegedly assisting Russia in avoiding sanctions by using virtual money and technological services. Fintech, namely financial technology, companies that collaborated with Russian banks under sanctions to enable transactions and provide virtual currency solutions are the focus …

The US Dollar Index is trading neutrally at 104.15 on Wednesday, while markets assess several Fed officials’ statements to continue placing their bets on rate policy path at the next few Federal Open Market Committee meetings.The Dollar Index steadied around 104.15 on Wednesday. Remarks and comments by Fed’s Collins, Kashkari …

The Department of the Treasury sanctioned two companies this month for secretly exporting Iranian commodities on behalf of the Islamic Revolutionary Guard of Iran. The companies, one based in China and the other in the United Arab Emirates, forged documents for four commercial vessels, allowing them to traverse international waters …

Janet Yellen, secretary of the US Treasury, Cecila Rouse, and Shalanda Young, director of the Office of Management and Budget, are testifying before the House Appropriations Financial Services Subcommittee. Treasury futures are climbing higher across the board in late trade as a result of these significant remarks. Although yield curves …

In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones …

The Treasury Department is facing complaints from the cryptocurrency industry over sanctions imposed on a firm accused of helping to launder billions of dollars, with some funds going to North Korean hackers.In early August, the Treasury Department imposed sanctions on the virtual currency mixing firm, Tornado Cash, which allegedly helped …

WTI crude oil lost about 0.83% on Tuesday. The market’s sentiment shifted sour, augmenting appetite for safe-haven assets to the detriment of commodity prices as the US crude oil slides for the first time in this week. WTI traded at $95.51 per barrel following the report after settling down $1.72 …

The United States will prohibit Russian gold imports in the latest round of sanctions according to the Treasury Department. The Department announced this news on its website on Tuesday.The market has not reacted to this news headline yet. The Gold Index was down 0.15% on the day at $1,820.Additional takeaways“US …