The Latest Breaking News from US Treasury

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

The United States on Thursday imposed sanctions on 39 entities, including many based in Hong Kong, that Washington said facilitate Iran's access to the global financial system, describing them as a "shadow banking" network that moves billions of dollars. The US Treasury Department in a statement said those targeted had…

For the first time since a 2009 financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects now show signs of life

The United States and Britain on Friday sanctioned eight Bulgarians for alleged corruption, including the country’s wealthiest man and a former minister who allegedly profited illegally from deals involving Bulgaria's only nuclear power plant and Russian energy firms.

It didn’t take long for Syria’s Assad regime to seek political and economic benefit from the devastation of an earthquake. As emergency services were reaching victims of the 7.8-magnitude tremor on February 6, regime-linked organisations demanded governments “immediately end the siege and unilateral coercive economic sanctions imposed on Syria and…

The United States imposed sanctions on eight Iranian executives' of Paravar Pars Company (Paravar Pars), an Iran-based firm for manufacturing Shahed-series unmanned aerial vehicles (UAVs) for Iran's Islamic Revolutionary Guard Corps Aerospace Force (IRGC ASF). This US measure follows other decisions announced by the US Treasury on November 15, 2022,…

The US Treasury revised its vehicle classification definitions, raising the MSRP limit from $55,000 to $80,000 for several Tesla, Ford, GM and VW EVs.

Twitter's Advertising Business Shrinks, The Social Media Giant Unveils A New Revenue Source

Lebanese money exchanger Hassan Moukalled on Thursday denied that he or his company CTEX have financial ties to Hezbollah and said he would mount legal challenges to U.S. Treasury sanctions against him.