Treasury Department

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Last Updated: Just Now

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Global Markets & Equities 16 Oct 2026, 02:36 PM IST

Bank of America’s $1.2 Billion Penalty Is Only the Start of Its Regulatory Reckoning

Bank of America is confronting more than a headline-grabbing $1.2 billion consent-order penalty tied to anti-money-laundering failures. The deeper issue is whether the bank can convince regulators, investors and clients that its controls are strong enough to prevent further damage to earnings, reputation and growth. The latest quarter’s profit decline underscores how compliance costs and weaker trading and deal activity are converging at an awkward moment for one of Wall Street’s largest lenders.

By RDU Global Wire6 min read

Global Markets & Equities15 Oct 2026, 04:23 AM IST

U.S. Treasury Finds Major Banks Let Politics Shape Access to Services

The U.S. Treasury Department has concluded that some of the nation’s largest banks allowed political considerations to influence who received banking services, a finding that could bolster President Donald Trump’s long-standing claim that conservatives have been unfairly targeted by financial institutions. The report adds fresh pressure on Wall Street as regulators and lawmakers intensify scrutiny of account closures, debanking practices and the role of reputational risk in bank decision-making.

5 min readRead →

Global Markets & Equities14 Oct 2026, 07:33 AM IST

Bank of America Hit With $1.2 Billion U.S. Penalty Over AML and Sanctions Failures

Bank of America has been fined $1.2 billion by the U.S. Treasury Department over failures tied to money laundering controls and sanctions compliance, according to reports from major U.S. media outlets. The penalty underscores the continuing regulatory pressure on large banks to strengthen surveillance systems, customer screening, and suspicious activity reporting.

5 min readRead →

Global Markets & Equities10 Oct 2026, 02:47 PM IST

Bessent Hires Judy Shelton as Treasury Adviser, Reviving a Divisive Monetary Voice

Treasury Secretary Scott Bessent has brought on Judy Shelton, the former Trump nominee whose unconventional views on gold and central banking helped sink her Senate confirmation to the Federal Reserve. The appointment signals that a once-rejected critic of the Fed will now have a formal advisory role inside the Treasury Department, at a moment when monetary policy and central bank independence remain politically sensitive worldwide.

6 min readRead →

Global Economy & Central BanksJust now (02:37 AM IST)

Treasury Says Trump Accounts Will Auto-Enroll Eligible Children, Potentially Reaching 60 Million

The U.S. Treasury Department said Trump Accounts will automatically enroll eligible children, a move officials say could expand participation to as many as 60 million accounts. The policy is designed to broaden access by reducing paperwork and enrollment friction, while raising fresh questions about implementation, eligibility, and the program’s long-term fiscal and political implications.

6 min readRead →

Startups & Venture Capital12 Oct 2026, 06:08 PM IST

MoEngage CFO Narsimha Reddy Says Finance Leaders Must Look Beyond the Balance Sheet

MoEngage Chief Financial Officer Narsimha Reddy is arguing that the modern finance chief can no longer be confined to compliance, cash control and closing the books. In a startup market defined by tighter capital, slower growth and sharper investor scrutiny, he says CFOs must become strategic operators who understand product, customer economics and long-term value creation.

5 min readRead →

Banking, Fintech & Insurance11 Oct 2026, 05:46 PM IST

RBI Tightens Forex Derivative Rules, Curbing Easy Rebooking and Raising Hedging Scrutiny

The Reserve Bank of India has tightened rules for rupee-linked foreign exchange derivatives, sharply reducing the scope for rebooking cancelled contracts and lowering the threshold for trades without underlying exposure to $5 million from $100 million. The move is aimed at strengthening market discipline, improving risk management and limiting speculative use of derivative structures. The central bank has also added checks for hedging activity and introduced a 20% cash reserve requirement for certain transactions.

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Global Markets & Equities10 Oct 2026, 04:09 PM IST

Bessent Hires Judy Shelton as Treasury Adviser, Reviving a Controversial Monetary Voice

Treasury Secretary Scott Bessent has brought on Judy Shelton, the former Trump nominee whose unconventional monetary views helped sink her Federal Reserve confirmation, as an adviser. The move signals that a long-running debate over gold, central bank independence and the future of U.S. monetary policy is again entering the Treasury orbit.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Treasury Department:

Washington, D.C.(1)Elizabeth Warren(1)Barron's(1)Bank of America(1)