NEWS - Treasury


	CFO Minute: Top News, Week Ending March 22 03-25-13 - Congress Avoids Shutdown in Time for Spring Break A stopgap measure to keep the government funded through September passed through Congress on Thursday in a 318-109 House vote. The approval occurred just days before lawmakers head out on a two-week break for... Read more...
	Cyprus Rejects EU Bailout Terms 03-21-13 - On Tuesday, the Cypriot parliament rejected a European bailout plan that imposed larger than usual taxes on money deposits in the country. As many banks across the euro zone continue efforts to climb out of the financial ditch dug during the region's... Read more...
	CFO Minute: Top News, Week Ending March 8 03-11-13 - Death of Hugo Chàvez Leads to Questions About Next Leader After a serious battle with cancer, Venezuela's President Hugo Chàvez passed away Tuesday. Leaders from Latin America and other parts of the world - including Chilean President... Read more...
	CFO Minute: Top News Week Ending March 1 03-04-13 - Sequester Takes Effect Congress called it quits late Thursday night and opened the gates to a floor of sequestration cuts to a variety of federal and state agencies. President Barack Obama is meeting with congressional leaders on Friday, but few anticipate the... Read more...
	RBS Posts Severe Losses, Vows to Make Cuts 03-01-13 - On Thursday, the partially nationalized Royal Bank of Scotland (RBS) released figures from end-of-year 2012 revealing losses worth £5.97 billion, or $9 billion. The bank's fourth quarter losses were 44 percent higher than they were during the same... Read more...
	FASB Cracks Down on Repo Agreements 01-18-13 - The Financial Accounting Standards Board (FASB) has announced a proposal to alter financial reporting standards related to repurchase agreements. The suggested changes are aimed at making it easier for investors to distinguish between repo agreements and other... Read more...
	Bank of America Announces Settlements on Mortgages 01-08-13 - On Monday, Bank of America agreed to pay the Federal National Mortgage Association (Fannie Mae) more than $10 billion in disputes over about eight years' worth of home loans. The Deal Under the terms of the agreement, Bank of America will pay Fannie Mae $3.6... Read more...
	The Eurozone Crisis and Investor Confidence 01-02-13 - As Greece, Spain and Ireland have received modestly positive grades from investors in the past couple of months, analysts have determined the eurozone is seeing fragile stability. In October, Standard & Poor's raised Greece's rating to a B- from a three-... Read more...
	U.S. Dollar Drops Amid Speculation Surrounding Fed Stimulus And Fiscal Cliff 12-12-12 - The U.S. dollar declined against several other currencies in early trade on December 12, as markets responded to speculation surrounding the outcome of a two-day meeting of the Federal Reserve and also the continued budget negotiations designed to stave off the fiscal... Read more...
	ICBA Basel III Petition Could Prevent Shock to Budgeting Efforts 11-01-12 - The Independent Community Bankers Association (ICBA) recently collected 15,000 signatures for a petition stating that community banks should be exempted from the Basel III capital requirements, as doing so could hinder their ability to extend commercial loans and... Read more...
	Housing Starts Surge on Low Interest Rates 10-18-12 - The Federal Reserve's efforts to stimulate movement in the mortgage market appears to be working as housing starts surged in September to their highest level in four years. Construction of new homes jumped 15 percent between August and September, according to the... Read more...
	Citigroup CEO Steps Down 10-17-12 - In a shocking announcement this week, Vikram Pandit told investors that he would be stepping down as CEO of Citigroup. Pandit took over the bank in December 2007 and guided it through the financial crisis. The company had become overexposed due to risky bets on... Read more...
	Recent Euro Gains Could Reverse As U.S. Economy Accelerates, Say Officials 10-17-12 - The recent gains that the euro has made versus the U.S. dollar could begin to fade as economic growth in the United States surpasses the rate of expansion in Europe, delegates stated at a recent London Bloomberg Link FX12 Summit. Currency changes could be of... Read more...
	Fed To Stay the Course on Stimulus Plan 10-16-12 - Slow and steady is the course of the Federal Reserve, according to William Dudley, president of the Federal Reserve Bank of New York. Dudley spoke to the finance community at the National Association for Business Economics' annual meeting and noted that the Fed is... Read more...
	ACLU Sues Morgan Stanley For Discrimination 10-16-12 - The American Civil Liberties Union has filed a lawsuit against Morgan Stanley, claiming discrimination against black homeowners. The suit claims that Morgan Stanley pushed mortgage lenders to make loans with the strong possibility of foreclosure to enrich its... Read more...