Senior U.S. Department of Justice officials overruled internal recommendations to prosecute HSBC for money-laundering violations because of concerns about the stability of the financial system, according to a congressional report. » Read More
A Treasury Department report highlights opaque creditworthiness standards.
NEW YORK, May 10- The U.S. Treasury Department on Tuesday called for greater protections for small businesses that borrow, but stopped short of suggesting other new regulations for an industry rattled by a scandal at its biggest player, Lending Club Corp.. Antonio Weiss, counselor to the Secretary of the Treasury, noted that there is some evidence that default...
But the rule leaves room for financial institutions to satisfy a requirement that they identify a shell company's "beneficial" or true owner by listing a senior manager as such a person, said Elise Bean, former staff director and chief counsel of the U.S. Senate Permanent Subcommittee on Investigations, in a call with reporters. A Treasury Department...
Obama also called on Congress to pass legislation that requires all companies formed in the United States to report information to the financial crimes enforcement network at the Treasury Department. Obama also urged Congress to raise the federal minimum wage, pass new trade agreements, and simplify the tax code. "Only Congress can fully close the loopholes"...
Donald Trump says he loves debt – and, after all, he is the king of debt. But federal debt is different than Donald debt, especially if rates rise.
Ivan Osorio, Competitive Enterprise Institute Policy Analyst, and Karen Friedman, Pension Rights Center Executive Vice President and Policy Director, discuss the current state of pensions in the U.S. and what can be done in the future.
WASHINGTON, May 3- Legislation to help Puerto Rico deal with its $72 billion debt crisis "is being finalized" by a U.S. Congress committee following negotiations with the Treasury Department, House Speaker Paul Ryan's office said on Tuesday. The statement from Ryan's office came one day after the White House said Puerto Rico's financial difficulties were...
WASHINGTON, May 3- Legislation to help Puerto Rico deal with its $72 billion debt crisis "is being finalized" by a U.S. Congress committee following negotiations with the Treasury Department, House Speaker Paul Ryan's office said on Tuesday. The House Natural Resources Committee has been struggling to write a bill restructuring Puerto Rico's debt.
CNBC's Meg Tirrell talks about her interview with Pfizer CEO Ian Read on the treasury's action to curb inversions and the company's earnings.
CNBC's Eamon Javers reports the details from the Treasury foreign trade report.
Investors should stop the doom and gloom, says Debra Silversmith. Election year markets generally go higher.
*U.S. to sell $28 bln 7- year debt, $15 bln floating-rate notes. NEW YORK, April 28- Longer-dated U.S. The U.S. Treasury Department will sell $15 billion in two-year floating-rate notes at 11:30 a.m. and $28 billion seven-year fixed-rate debt at 1 p.m..
Fred Hassan, Warburg Pincus, talks drug pricing and how it is playing out in an election year.
Fred Hassan, Warburg Pincus, discusses the Treasury Department's crackdown on inversions and weighs in on overhauling the U.S. tax system and the corporate tax rate.
I think he will find his base at Valeant, says Fred Hassan, Warburg Pincus, talking about Joseph Papa, the newly appointed CEO of Valeant.
April 22- Former Sprint Corp chief executive William Esrey and former chief operating officer Ronald LeMay sued the United States government for allegedly concealing its investigation into accounting firm Ernst& Young LLP's promotion of tax shelters sold to the executives, according to a lawsuit filed on Friday. The Internal Revenue Service in 2002...
Anti-slavery activist Harriet Tubman will replace Andrew Jackson on the twenty dollar bill while Alexander Hamilton remains on the $10 bill. CNBC's Eamon Javers provides reaction to the Treasury Department's currency move.
WASHINGTON, April 20- The U.S. Treasury Department will announce on Wednesday that anti-slavery crusader Harriet Tubman will replace former President Andrew Jackson on the $20 bill, a spokesman said. The Treasury Department said in June that it would feature a woman on the $10 bill. The women last depicted on U.S. bills were Martha Washington, on the $1 silver...
The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including a piece in the Wall Street Journal written by Treasury's Jack Lew about examining products and activities in the asset management industry.
American officials urged citizens to come forward before they become incriminated by the Panama Papers, reports NBC News.