Tag: US Treasury Secretary

• Tuesday, November 24th 2020 - 09:06 UTC

  Janet Yellen, ex-Fed chair expected to become next Treasury Secretary

  

  Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team.

• Tuesday, February 14th 2017 - 10:34 UTC

  Former Goldman Sachs executive and “foreclosure expert”, confirmed as US Treasury Secretary

  

  A bitterly divided Senate on Monday confirmed Steven Mnuchin as United States treasury secretary despite strong objections by Democrats that the former banker ran a “foreclosure machine” when he headed OneWest Bank. Republicans said Mnuchin's long tenure in finance makes him qualified to run the department, which will play a major role in developing economic policy under President Donald Trump.

• Thursday, May 5th 2016 - 12:27 UTC

  ECB will stop printing €500 notes in 2018 to help combat money launderers and criminals

  

  The European Central Bank has announced it will stop printing €500 notes in 2018. It says the move is to stop the notes being used by money launderers and criminals. In effect they are easily transportable. A million Euros in €500 notes weighs 2.2 kilograms and can be carried in a laptop bag.

• Tuesday, May 14th 2013 - 06:26 UTC

  Watch out for the new dollars bills: Treasury bans loopy signatures

  

  US Treasury Secretary Jack Lew, who was mocked for his loopy signature, has offered a more legible version. His new sign-off, on a recent Treasury report, showed an attempt to lay out the letters more clearly.

• Wednesday, March 20th 2013 - 08:08 UTC

  Chinese leadership pledges new relationship with US and demands respect for ‘core interests’

  

  Chinese President Xi Jinping told US Treasury Secretary Jacob Lew in Beijing on Tuesday that he wants to build a new type of relationship with Washington centred on core interests.

• Friday, January 11th 2013 - 08:25 UTC

  Obama nominates budget expert to replace Geithner as Treasury Secretary

  

  US President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of spending cuts and deficit reduction.

• Wednesday, July 18th 2012 - 17:03 UTC

  Geithner defends US response during the 2008 Libor-rate credibility slump

  

  US Treasury Secretary Timothy Geithner defended his response in 2008 to concerns that emerged over the benchmark Libor interest rate, arguing on Wednesday that US regulators pushed early and forcefully for reforms.