US Treasury News

The 17 former branches of Silicon Valley Bank will now open as First-Citizens Bank and Trust Company starting today.

Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer, said a joint statement.

The report praised India's vaccination rollout programme. It also applauded RBI's decision on key policy rates. The US Treasury said that the authorities estimate that the overall fiscal deficit will reach 6.9 per cent of GDP for the 2022 fiscal year.

US stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January, after benchmark bond yields rose to a four year high last week. 

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead.

In its report to the Congress "Foreign Exchange Policies of Major Trading Partners of the United States," the Treasury said India has a significant bilateral goods trade surplus with the US, totalling USD 23 billion over the four quarters through June 2017.

The Treasury yesterday said Marquez has a "longstanding relationship" with Flores, has acted as a "front person" for him and held assets on his drug cartel's behalf.

A US woman under a court order to stay away from the White House area was arrested for the third time in a week after she scaled a fence at the nearby US Treasury, a media report said on Monday.

The United States is reportedly building a case implicating North Korean government of orchestrating an USD 81 million cyber heist from the Bangladesh central bank`s account at the New York Federal Reserve, according to media reports.

According to Reuters, the blacklisted companies include Air Koryo, North Korea's national carrier as well as six financial services companies.

JPMorgan Chase & Co Chief Executive Jamie Dimon may still be in the running to become U.S. Treasury secretary, Fox Business Network reporters said on Wednesday, casting a cloud of uncertainty over the nation`s largest bank.

 Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

 Efforts to choke off the finances of the Islamic State group have left it unable to pay its fighters and spurred corruption within the group, a senior US official said today.

The United States named Germany, China and three other East Asian countries on Friday to a new "monitoring" list of trade partners with excessive budget and trade surpluses.

A US Treasury official`s assessment that Russian President Vladimir Putin is corrupt "best reflects the administration`s view," White House spokesman Josh Earnest told reporters at a daily briefing on Thursday.

The Kremlin on Tuesday dismissed comments by a US Treasury official alleging massive corruption by President Vladimir Putin, challenging Washington to provide proof for what amounted to an "official accusation".

Adam Szubin, acting Treasury secretary for terrorism and financial crimes, said the US considers Russia's Vladimir Putin to be corrupt.

Alibaba jumped 7.5% as sales rose 45% to $2.81 billion in the quarter ending March 31.

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month. 

US Treasury Secretary Jacob Lew urged Congress Friday to avoid another disruptive battle over the country`s borrowing ability, which is scheduled to be capped in nine days.