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It’s not clear he’s going anywhere but if Treasury Secretary Tim Geithner were to lose his job, JPMorgan Chase ( JPM ) CEO Jamie Dimon is emerging as a potential replacement, the New York Post reported. A number of policy makers have begun mentioning...
Tags: Jamie Dimon, Treasury, U.S, treasury secretary, New York City, Timothy Geithner, JPMorgan Chase, United States Secretary of the Treasury, Investment banks, Primary dealers, Business Finance, Federal Reserve Bank of New York
The Treasury insists the full details of the FITs are still scheduled to be released around the time of Alistair Darling's pre-budget report on 9 December. But sources say Treasury officials – egged on by the regulator Ofgem – are having last-minute concerns...
Tags: renewable energy, DECC, Ed Miliband, Treasury, Ofgem, United Kingdom, London, Biomass, Feed-in Tariff, Sustainable energy, Renewables Obligation, Energy in the United Kingdom, Energy policy, Energy economics, Environment
The economy is seriously under-performing, it says in a report to ministers titled "Getting Started on Closing the Income Gaps". Both Government and private consumption has run well ahead of income, while business investment has been relatively modest.
Tags: income gap, Treasury, tax reform, government spending, New Zealand, Auckland, Tax, Economic history of the United States, Taxation in the United States, Predicted effects of the FairTax, Politics, Public finance, Value added tax, Business Finance
The Reserve Bank and Treasury's expectations of significant further finance company failures increased rapidly during the three months to September, the Government's recent financial statements show. The figures reveal Treasury set aside a further $47...
Tags: Treasury, New Zealand, Auckland, Deposit account, Short, Deposit insurance, Icesave dispute, Finance, Banking, Bank, Business Finance
Ireland by attempting to dump £7 billion of toxic loans into the Irish “bad bank”. Stephen Hester, the RBS chief executive, is expected to lodge an application to join Ireland’s National Asset Management Agency (Nama) within the next few weeks through...
Tags: RBS, Ireland Hester, Irish, Nama, Treasury, Stephen Hester, Belgium, Brussels, Ulster Bank, Toxic asset, GMAC, Fred Goodwin, Politics, Royal Bank of Scotland Group, National Asset Management Agency, Royal Bank of Scotland, Business Finance
City as pointing to a substantial overshoot for the chancellor’s £175 billion forecast for the budget deficit. Though numbers are still being finalised for next month’s pre-budget report, due on December 9, they point to, at worst, a modest overshoot...
Tags: Treasury, United Kingdom, London, United States public debt, Public finance, Deficit, Economic policy, Business Finance
Suddenly, cash is again fighting to get into the haven of shorter-term Treasury securities, driving yields down to levels last seen after the first stage of the financial-system meltdown a year ago. It may look like another fear-driven panic, but this...
Tags: Treasury, term treasury, New York City, United States Treasury security, Federal Reserve System, Yield, Subprime mortgage crisis, Fed model, Bonds, Finance, Government debt, Business Finance
Price changes in the 10-year note and 30-year bond are per $1,000 invested: 10-year bond -2.50 2.19 30-year.
Tags: Treasury, San Francisco, Fixed income analysis, Bonds, Bond market, Fixed income market, Bond, Business Finance
Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery. New York's main contract, light sweet crude for December delivery, dropped 74 cents to end the week at 76.72 dollars after slumping by more...
Tags: New York, Treasury, treasury yields, New York City, Short, Stock market, United States dollar, Canadian dollar, Euro, Business Finance, OPEC, energy crisis, world oil market chronology, Petroleum, Commodities market, Price of petroleum, Australian dollar, Foreign exchange market, World currency, Reserve currency, Currency, United States Treasury security, Swiss franc, Japanese yen, International trade, Deflation, Inflation, Thai baht, Dollar, Currency signs, Pound sterling, Recessions, Market trends
Here's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest...If that's hard to grasp, here's another way to look at why that's...
Tags: Treasury, CBO, Atlanta, Deficit, Economic policy, Interest, Refinancing, United States public debt, Debt, Public finance, Credit, Business Finance