Treasury Department – Page 44 – MOSAEC

SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision

Banking and Financial Institutions Federal Deposit Insurance Corp Federal Reserve System Powell, Jerome H Regulation and Deregulation of Industry Treasury Department

SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision

The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be tricker amid instability.

By Jeanna Smialek

Silicon Valley Bank Fails After Run by Venture Capital Customers

Banking and Financial Institutions Federal Deposit Insurance Corp Federal Reserve System Interest Rates Signature Bank Start-ups Stocks and Bonds Treasury Department

Silicon Valley Bank Fails After Run by Venture Capital Customers

The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday.

By Rob Copeland Emily Flitter and Maureen Farrell

Senate Confirms Daniel Werfel as IRS Commissioner

Inflation Reduction Act of 2022 Internal Revenue Service Senate Treasury Department United States Politics and Government Werfel, Daniel I

Senate Confirms Daniel Werfel as IRS Commissioner

The new commissioner of the Internal Revenue Service will oversee the agency’s $80 billion overhaul.

By Alan Rappeport

Rules to Curb Illicit Dollar Flows Create Hardships for Iraqis

Banking and Financial Institutions Central Bank of Iraq Currency Federal Reserve Bank of New York Iraq Treasury Department

Rules to Curb Illicit Dollar Flows Create Hardships for Iraqis

The regulations were meant to prevent dollar transfers to those targeted by U.S. sanctions on Iran, Syria and Russia. But they have ended up harming ordinary Iraqis who need U.S. currency for business or travel.

By Alissa J. Rubin