Treasury department

The world according to Trump

The world according to Trump

Here are three basic observations to keep in mind as one considers what the new Trump administration portends for the asset management industry.

January 17, 2017 | 11:55 am
Steven Mnuchin to divest stakes in 43 investments to avoid conflict

Steven Mnuchin to divest stakes in 43 investments to avoid conflict

U.S. Treasury Secretary nominee Steven Mnuchin, who would be among the richest men to hold the job this century, plans to divest his interests in 43 companies and investments to avoid conflicts.

January 11, 2017 | 03:25 pm
GAO: Non-bank SIFIs showing less risk

GAO: Non-bank SIFIs showing less risk

American International Group and Prudential Financial, the two remaining non-banks considered systemically important financial institutions by federal regulators, pose less risk than when they were...

January 09, 2017 | 04:09 pm
Nuveen's Bob Doll sees modest economic growth in financial predictions for 2017

Nuveen's Bob Doll sees modest economic growth in financial predictions for 2017

U.S. and global economic growth will improve modestly, says Bob Doll, Nuveen's chief equity strategist.

January 05, 2017 | 03:54 pm
Treasury approves first MPRA application for Iron Workers Local 17

Treasury approves first MPRA application for Iron Workers Local 17

Iron Workers Local 17 Pension Fund on Friday received permission from the Treasury Department to cut benefits for participants, including retirees, as part of a proposed rescue plan. It is the first...

December 16, 2016 | 06:38 pm
Trump picks Mnuchin as treasury secretary, Ross for commerce

Trump picks Mnuchin as treasury secretary, Ross for commerce

President-elect Donald J. Trump nominated Steven Mnuchin for treasury secretary and Wilbur Ross for commerce secretary.

November 30, 2016 | 11:58 am
Treasury denies Teamsters Local 469 bid to reduce pension benefits

Treasury denies Teamsters Local 469 bid to reduce pension benefits

Teamsters Local 469 Pension Plan has been denied its Treasury Department application to reduce benefits for participants, including retirees.

November 11, 2016 | 02:50 pm
New administration facing macro, micro challenges

New administration facing macro, micro challenges

The new Trump administration will face challenges on the macro level in reviving a weak economy and low-returning investment markets, and raising interest rates whose near-zero level has been...

November 09, 2016 | 10:24 am
Trump victory seen as ushering in regulatory reform, pushing retirement policy to backburner

Trump victory seen as ushering in regulatory reform, pushing retirement policy to backburner

Donald J. Trump's election victory combined with continued Republican control of Congress could bring a political agenda that includes regulatory reform, tax reform and increased infrastructure...

November 09, 2016 | 10:56 am
Treasury denies Iron Workers Local 16 bid to reduce pension benefits

Treasury denies Iron Workers Local 16 bid to reduce pension benefits

Iron Workers Local 16 Pension Fund, Towson, Md., was denied permission by the Treasury Department to cut benefits for participants, including retirees, as part of a proposed rescue plan.

November 04, 2016 | 03:26 pm