Steven Mnuchin’s fund buys major stake
Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a controlling stake in enterprise security firm Zimperium for $525 million. The deal is Liberty Strategic Capital’s first majority stake acquisition since its launch last year. It has also led late-stage funding rounds in cybersecurity firms […]
Yellen calls for strong action to boost data integrity at IMF
U.S. Treasury Secretary Janet Yellen called for strong action by international financial institutions. This is to protect data integrity and to prevent misconduct in the wake of a World Bank data-rigging scandal. Yellen, in a statement to the steering committee of the International Monetary Fund, also called for moves by international financial institutions. This is to enhance […]
US treasury will hold IMF chief
The second-ranking U.S. Treasury official told senators that the agency would hold International Monetary Fund Managing Director Kristalina Georgieva accountable for changes needed to safeguard IMF integrity in the wake of a World Bank data-rigging scandal. Deputy U.S. Treasury Secretary Wally Adeyemo told a U.S. Senate Banking Committee hearing that they did not find that it was appropriate […]
Rising treasury yields hit tech stocks
U.S. government borrowing costs advanced for a sixth week, hurting tech stocks. This is because the investors are betting on rising interest rates, while three-year high oil prices ignited the energy sector. The encouragement for investors came from an easing in Sino-U.S. tensions and Chinese authorities’ decision to pump in more cash to offset the […]
Top stay in transactions and credits
Corporate treasury departments have been under a lot of pressure. The department is expected to keep companies running with smooth, stable access to credit facilities with banks and insurance providers. And also, there is extreme pressure from audit committees, shareholders and chief financial officers. But it is more difficult for treasuries to continue to use […]
Cryptocurrency discussed by US treasury, financial industry
The U.S. Treasury Department met with a number of industry participants, for quiz. That was about the risks and benefits posed by stablecoins. Washington policymakers are alarmed at the rapidly expanding cryptocurrency market. The record exceeded $2 trillion in April. The market cap of stablecoins stood at roughly $125 billion. This is according to the […]