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“#Joe Biden to nominate Janet Yellen as Treasury Secretary” President-Elect Joe Biden plans to nominate former Federal Reserve chairwoman Janet Yellen to become the next Treasury Secretary, sources told The Post. If confirmed, the 74-year-old Yellen will be the first woman to run the Treasury Department, and also the first person ever to hold the…
“#Jamie Dimon takes jab at Trump’s refusal to concede the election” Jamie Dimon took shots at the outgoing Trump administration, even as he made it clear he won’t be joining the Biden White House. In a Wednesday interview, the JPMorgan Chase chief took thinly veiled jabs at President Trump for refusing to concede the election,…
“#Jamie Dimon should be top pick for Joe Biden’s Treasury secretary” Talk to people who know Jamie Dimon, the best banker in the business, and they will tell you that he really wants to work in government at some point in his career. Given his political sensibilities (moderate Democrat), and skills (15 years running the…
“#High-end art sales could be used to avoid sanctions, feds warn” Blacklisted foreigners such as terrorists and drug traffickers could buy expensive artworks to get around sanctions meant to shut them out of the American financial system, the feds say. US Treasury officials spelled out their concerns in an advisory warning high-end art galleries, collectors,…
“#US cracks down on Russian institute for computer attack” US officials have imposed sanctions on a Russian government-backed research institute that developed a computer system able to cause massive industrial damage from afar. Treasury officials contend the Central Scientific Research Institute of Chemistry and Mechanics institute — also known by its Russian acronym, TsNIIKhM —…
“#Feds will reportedly start forgiving COVID-19 loans by next week” The feds will finally start forgiving loans meant to help small businesses survive the coronavirus pandemic within a week. The US Treasury Department and the Small Business Administration expect to start approving applications for loan forgiveness under the Paycheck Protection Program late this week or early…