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Showing 1 - 10 of 73 results for "US Treasury Secretary"

Former Schroders executive enters VC space

ELIZABETH FRY  |  FRIDAY, 1 DEC 2023
... Sachs Asset Management, and Tore Myrholt, former EMEA chair of McKinsey. The advisory board includes: Former US Treasury secretary Larry Summers, former co-manager of the Scottish Mortgage Investment Trust at Baillie Gifford James Anderson, Schroders' ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... client funds," said FINMA. "This was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... and for strengthening its liquidity position. "The deposit from those major banks along with comments from US Treasury Secretary Janet Yellen, about providing liquidity and capital support to regional US banks helped to stabilise California lenders," ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... confirm minimal exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
... central banks (led by the Fed) still thinks that the recent surge in inflation is transitory. More recently, US treasury secretary Janet Yellen noted that while she expects inflation to ease in the second half of next year as supply chain bottlenecks ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. Fortunately for US Treasury Secretary Janet Yellen, she was quick to walk back her talk at the "Future Economic Summit" suggesting that interest rates may need ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... rates soon unless it foresees rising inflation or imbalances in the economy. In her confirmation hearing, US Treasury Secretary nominee Janet Yellen declared that with interest rates at historic lows, the smartest thing is to "act big" on COVID-19 relief ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... - or what's called a "Hamilton moment" - "the historic constitutional compromise forged by the first US Treasury secretary Alexander Hamilton, James Madison, and Thomas Jefferson in that year [1790]" where "the US federal government assumed all the ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
... reducing the chronic trade deficit as one of the key points for negotiating a new trade deal with China. The US Treasury Secretary Steven Munchin is due to visit Beijing next week to negotiate, as the clock ticks on the US's Chinese imports that ...
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