Treasury department

Central States will not resubmit application to reduce pension benefits

Central States will not resubmit application to reduce pension benefits

Trustees of the $17.8 billion Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., announced Thursday that they will not resubmit a benefit reduction application to the ...

May 19, 2016 | 05:21 pm
It's back to the drawing board for multiemployer pension reform

It's back to the drawing board for multiemployer pension reform

The result of the first test of a new multiemployer pension reform law has left trustees of the Central States Teamsters pension fund reeling, other troubled multiemployer pension fund officials...

May 16, 2016
Treasury drops a hot potato

Treasury drops a hot potato

The Department of the Treasury's rejection of the benefit reduction application of the Teamsters, Central States, Southeast and Southwest Areas Pension Plan has left participants cheering.

May 16, 2016
Treasury rejects Central States benefit reductions

Treasury rejects Central States benefit reductions

The Treasury Department denied the benefit reduction application of the $17.8 billion Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.

May 06, 2016 | 02:10 pm

Kroger, UPS challenge Central States reduction plan

A pending plan to cut benefits to members as part of a rescue plan for the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is facing challenges even before the U.S....

May 02, 2016
Washington holds key for Puerto Rico bondholders

Washington holds key for Puerto Rico bondholders

As Puerto Rico faces upcoming deadlines for paying bondholders and other creditors, all eyes are turning to Washington with hopes that the White House, Congress or even the Supreme Court can work out ...

April 04, 2016
Fate of 400,000 Teamster pensions rests in Ken Feinberg's hands

Fate of 400,000 Teamster pensions rests in Ken Feinberg's hands

By May 7, federal mediator Kenneth Feinberg must decide whether to accept a plan to cut payouts of Teamsters to prevent the Central States Pension Fund from going broke. The decision could set a...

March 31, 2016 | 10:03 am
GE requests SIFI designation be removed

GE requests SIFI designation be removed

General Electric Co. asked the Financial Stability Oversight Council Thursday to rescind its designation as a systemically important financial institution, now that it has done what the company said...

March 31, 2016 | 04:00 pm
Investment managers need access to better pricing in Treasury market

Investment managers need access to better pricing in Treasury market

Lack of liquidity in a key sector of the government bond market is now costing institutional investors billions of dollars annually in sharply widening bid/offer spreads. This post-financial crisis...

March 30, 2016 | 12:01 am
MetLife's SIFI designation overturned

MetLife's SIFI designation overturned

MetLife Inc.'s designation by the Financial Stability Oversight Council as a non-bank systemically important financial institution was overturned Wednesday by the U.S. District Court for the District ...

March 30, 2016 | 03:06 pm
BlackRock joins PIMCO warning investors to seek inflation hedge

BlackRock joins PIMCO warning investors to seek inflation hedge

BlackRock Inc. joined Pacific Investment Management Co. in recommending inflation-linked bonds and warning costs are poised to pick up.

March 29, 2016 | 09:56 am
Hedge fund invasion of U.S. Treasuries puts bond traders at risk

Hedge fund invasion of U.S. Treasuries puts bond traders at risk

Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence.

March 28, 2016 | 09:45 am