Monetary Brief Reports News

Alliance Credit Union of Florida placed into conservatorship by state regulator

Florida's Office of Financial Regulation has placed Alliance Credit Union of Florida into conservatorship, appointing the National Credit Union Administration (NCUA) as conservator.

Carlyle announces Q3 earnings; declares $0.35 dividend per share

Global investment firm The Carlyle Group Inc. has released its unaudited financial results for the third quarter of 2024, ending September 30.

CFPB orders Navy Federal Credit Union to pay $95 million over unfair fee practices

National Credit Union Administration Chairman Todd M. Harper issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) settlement with Navy Federal Credit Union.

Tom Barkin to speak at Baltimore Together Summit on November 12

Richmond Federal Reserve President Tom Barkin is set to address the Baltimore Together Summit on November 12, 2024.

U.S. expands sanctions targeting Republika Srpska corruption network

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against an individual and an entity linked to a corrupt network in Bosnia and Herzegovina (BiH).

Carlyle acquires Japanese PCB manufacturer Kyoden

Global investment firm Carlyle has announced the acquisition of Kyoden Co., a prominent Japanese manufacturer of printed circuit boards (PCBs).

Carlyle completes acquisition of Worldpac from Advance Auto Parts

Worldpac, Inc. has completed its acquisition by Carlyle, a global investment firm, from Advance Auto Parts, Inc. This strategic move is expected to position Worldpac for growth and innovation.

U.S. portfolio holdings of foreign securities reach $15.3 trillion at end-2023

The U.S. Department of the Treasury, in collaboration with the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System, has released findings from its annual survey on U.S. portfolio holdings of foreign securities...

Carlyle finances GIP's acquisition of Lanes Group with £205m loan

Global Infrastructure Partners (GIP), part of BlackRock, has acquired Lanes Group with the support of a £205 million financing package from Carlyle's Global Credit platform.

Katherine Easmunt appointed as Chief Ethics Counsel by NCUA Board

The National Credit Union Administration (NCUA) Board has appointed Katherine Easmunt as the agency's Chief Ethics Counsel, effective November 3.

CFPB takes enforcement action against VyStar Credit Union following investigation

The National Credit Union Administration (NCUA) Chairman Todd M. Harper and Board Member Tanya F. Otsuka have commented on the Consumer Financial Protection Bureau's (CFPB) recent enforcement action against VyStar Credit Union.

Treasury hosts roundtable on financial sector's hurricane response

The U.S. Department of the Treasury held a roundtable on October 30, gathering representatives from various sectors to discuss responses to Hurricanes Helene and Milton.

NCUA issues prohibition notices against four former credit union employees

The National Credit Union Administration (NCUA) has issued three consent orders and one prohibition notice in October 2024.

Treasury Borrowing Advisory Committee discusses economic trends and fiscal projections

Since the Treasury Borrowing Advisory Committee (TBAC) last convened in late July, there have been notable changes in Treasury yields.

U.S. Department of Treasury announces quarterly refunding details

The U.S. Department of the Treasury has announced a $125 billion offering of Treasury securities to refund approximately $116.4 billion of privately-held notes and bonds maturing on November 15, 2024.

Treasury unveils national strategy for improving U.S. financial inclusion

The U.S. Department of the Treasury has unveiled its National Strategy for Financial Inclusion, a comprehensive plan aimed at expanding access to financial products and services across the United States.

AlpInvest closes largest publicly rated GP-Led CFO at $1 billion

AlpInvest, a private equity platform under Carlyle, has announced the closing of its second securitization, a $1 billion Collateralized Fund Obligation (CFO).

U.S. Treasury announces talks with Taiwan on double taxation agreement

The U.S. Department of the Treasury has announced that the United States and Taiwan will commence negotiations on a comprehensive tax agreement to address double taxation issues.

U.S. Treasury Secretary Yellen: 'We’ve seen record small business growth and a historic boom in factory construction'

During her address at the Council on Foreign Relations, U.S. Treasury Secretary Janet L. Yellen outlined the Biden-Harris Administration's international economic policy and its alignment with domestic economic objectives.

Treasury announces borrowing estimates for upcoming quarters

The U.S. Department of the Treasury has released its estimates for privately-held net marketable borrowing for the upcoming quarters.