Displaying 33 results
Strong US economy is driving global resilience, Yellen to say
The Treasury secretary will speak with global peers Tuesday in Sao Paulo, Brazil.
Treasury proposes anti-money laundering rule for financial advisors
Should advisors receive a cash prize for catching potential money launderers?
Debt-limit deal faces test in Congress
Legislators have less than a week to approve the agreement before the default deadline next Monday, June 5.
Could $25 billion in Social Security payments on June 2 force debt-limit deal?
Those due to receive their Social Security benefits next week are retirees aged 88 and older, along with low-income individuals with disabilities.
Advisors stick with Treasuries despite political tension over debt limit
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
Credit markets keeping eye on debt ceiling negotiations
President Joe Biden has invited congressional leaders for a May 9 meeting after Treasury Secretary Janet Yellen suggested the US might exhaust its options to fund itself as early as June 1.
Yield on I bonds set to plunge below 4%
Inflation-linked I bonds have soared in popularity over the past two years, but now the yield is set to slump from the historic 9.62% rate the bonds offered just a few months ago.
Yellen says US will intervene to protect smaller banks if necessary
The Treasury Secretary's comments come amid heightened worries about financial stability after the collapse of two US banks and UBS' deal to buy troubled Swiss rival Credit Suisse.
Advisors already know SVB’s lesson
The truth — which long-time advisors know all too well — is that prudent risk management is rarely a crowd-pleaser before a crisis hits.
First Republic gets $30 billion in fresh deposits in bank rescue
The plan, which the banks devised with US regulators, is meant to stave off a widening panic in the wake of regulators' seizure of Silicon Valley Bank and Signature Bank over the past week.
Fed introduces new backstop for banks
In a move to shore up confidence in the banking system, the Fed program will provide banks with one-year loans under easier terms than usual.
Treasury taps retirement funds to avoid breaching debt limit
Treasury Secretary Janet Yellen had previously estimated that such steps would likely keep the government running at least until early June.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
Rush to buy I bonds overwhelms Treasury website
As investors try to buy the bonds before the rate drops, they're reporting glitches in creating accounts and delays in loading pages on the Treasury website, along with long wait times when calling the helplines.
Fintech app Yotta rolls out feature that helps investors buy Treasury I bonds
I-Bonds Bucket allows users to invest in the securities while bypassing the glitchy TreasuryDirect.gov website.
Tax bill would empower IRS to collect hundreds of billions of dollars from wealthy Americans
A much better-funded Internal Revenue Service would be equipped with new auditors and technology to uncover tax avoidance.
Crypto tax cheats likely to get relief as US crackdown hits snag
Firms are supposed to begin tracking data such as customers’ capital gains and losses starting in January.
US warns of potential Russian cyberattacks on wealth managers
The Department of Homeland Security has set up a page warning of cyberattacks emanating from Russia, and both the SEC and Finra echoed those concerns in notices to the public.
Treasury official says the need for stablecoin legislation is ‘urgent’
Treasury's Liang says that firms offering the coins should face the heightened scrutiny that lenders receive under U.S. rules.
Regulators warn climate change poses threat to financial stability
Treasury Secretary Janet Yellen led the panel of top federal regulators that issued the report on climate change, including tentative recommendations for how agencies should begin preparing to contain the risk.
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