Bank of America announces it will equal Treasury’s $1,000 deposits in Trump accounts for staff.
Bank of America to Match Government Contribution for Child Savings Accounts In a memo shared with employees on Wednesday, Bank of America announced it will match the U.S. government’s $1,000 contribution to Trump’s new account for eligible staff members. The bank will also enable employees to contribute pre-tax funds to these child savings accounts directly […]
Mexican President Supports Corrupt Bank That Will Shut Down Following U.S. Treasury’s Cartel Sanctions
Cartel-Linked Bank Loses License Amid Controversy A bank linked to drug cartels, once supported by Mexican President Claudia Sheinbaum, has had its operating license revoked in Mexico and is now in the process of selling off its assets. This decision follows recent sanctions from the U.S. Treasury, which targeted the bank and two others for […]
Treasury’s Second-in-Command Leaves Just Months After Taking Office
Deputy Director Michael Faulkender Resigns from Treasury Michael Faulkender, who recently took on the role of Deputy Director, has decided to leave the agency after less than five months following his Senate confirmation. Two anonymous sources confirmed the news on Friday, highlighting that his resignation comes just two weeks after he announced his departure. Faulkender’s […]
US Treasury’s Bessent clarifies: Buying Bitcoin is still an option
US Treasury Explores Bitcoin Acquisition Strategies US Treasury Secretary Scott Bescent has announced that his department is looking into budget-neutral options for acquiring Bitcoin to build strategic reserves. “We’re exploring budget-neutral ways to acquire more Bitcoin to enhance our reserves,” he noted in a post on Thursday. The aim is to fulfill the President’s commitment […]
Solana Treasury’s DeFi Development Corp. Increases Convertible Notes Offering to $112 Million
Simply put Defi Development Corporation has increased its most recent convertible note to $112 million. DFDV stock dropped roughly 3% on that day but bounced back after a bigger dip earlier. The funds will be used for prepaid forward inventory deals and accumulating SOL. Defi Development Corporation, associated with Solana, wrapped up its trading day […]
Stablecoins to hit $2 trillion in the next three years and spur demand for Treasurys, says Standard Chartered – CNBC
According to analysts at Standard Chartered, Stablecoin’s law could potentially spur demand for the US Treasury and drive an explosion in the supply of cryptocurrency that will help support the control of the US dollar. If President Donald Trump clarifies and signs US regulations this summer, if bank London-based analyst President Donald Trump states in […]
Yellen sees 'very worrisome' pattern in Treasurys sell-off
Former Treasury Secretary Janet Yellen said the economic uncertainty over Trump’s whiplash tariff policies has prompted a “really very worrying” trend in dollar-based assets. “We have seen very unusual patterns in financial market development over the past few weeks,” Yellen said. On Monday morning appearance On CNBC’s “Squawk Box.” “We don’t think we see dysfunction […]
The dollar and Treasurys are nosediving in the 'Sell America' trade – markets.businessinsider.com
The US dollar and the Treasury Department are being sold as President Donald Trump's trade war increases the risk of American assets. Investors are worried about Trump's policy changes and are moving money from US assets to classic safe shelters. The euro has hit a three-year high against the dollar and is benefiting from the […]
Treasury’s Scott Bessent defends Trump tariffs for putting America first
Treasury Secretary Scott Becent stubbornly defended President Trump's tariffs on Thursday, arguing that trade policy should focus on getting the lowest possible price and more on putting America first. “Access to cheap products is not the essence of American dreams,” Bescent said in a speech to the economic club in New York. “The American Dream […]
US treasury’s workstations breached in cyber-attack by China – report | US news
Chinese government-backed individuals broke into the U.S. Treasury Department earlier this month and stole documents from workstations, according to a letter to lawmakers provided to Reuters on Monday. The attacker compromised BeyondTrust, a third-party cybersecurity service provider. The hacker was able to access the workstation and some non-classified documents. According to the letter, the hackers […]