News published on Monetary Brief in April 2025

News from April 2025

NCUA liquidates Unilever Federal Credit Union due to insolvency

The National Credit Union Administration (NCUA) has liquidated the Unilever Federal Credit Union based in Englewood Cliffs, New Jersey, citing insolvency and no potential for restoring viable operations.

NCUA prohibits three individuals from working with federally insured institutions

The National Credit Union Administration (NCUA) has issued two consent orders and one prohibition notice this April.

Bank of Canada Governing Council keeps interest rate steady amid trade uncertainty

The Bank of Canada's Governing Council convened to deliberate on the monetary policy decision scheduled for April 16, 2025.

Treasury releases borrowing estimates for upcoming quarters, cites changes since February

The U.S. Department of the Treasury has released its latest estimates for privately-held net marketable borrowing for the upcoming quarters of April to June 2025 and July to September 2025.

UC Berkeley expert shares strategies to reduce road traffic fatalities in new video

Traffic safety remains a critical issue in the U.S., where the nation leads among wealthy countries in road traffic fatalities.

Sociologist studies unaccompanied migrant youth in new book, exploring challenges and narratives

Early in Stephanie L. Canizales’ recent book, she presents Tomás, a boy who lived in poverty in Guatemala.

Federal agencies withdraw joint statements on crypto-asset activities

Today, the Federal Deposit Insurance Corporation, in conjunction with the Board of Governors of the Federal Reserve System, has announced the withdrawal of two joint statements concerning crypto-asset-related activities by banking organizations.

Michael Faulkender discusses CFIUS reforms at ACI CFIUS Conference

Thank you for the introduction, Andrew, and good afternoon to everyone.

Treasury Department supports ABA Foundation during Teach Children to Save program

Secretary of the Treasury Scott K.H. Bessent has joined with the ABA Foundation to support their annual Teach Children to Save Program.

Scott Bessent urges reform for IMF and World Bank to restore global financial balance

In a recent address to the Institute of International Finance, Treasury Secretary Scott Bessent outlined plans to restore balance to the global financial system by refocusing the International Monetary Fund (IMF) and the World Bank on their...

Bessent urges IMF and World Bank to refocus on core missions, enhance efficiency

The upcoming Spring Meetings of the International Monetary Fund (IMF) and World Bank will focus on critical global economic issues.

Secretary Bessent emphasizes Poland-U.S. alignment on global issues

Today, Secretary of the Treasury Scott K.H. Bessent held a meeting with Poland's Minister of Finance, Andrezj Domanski, in Washington.

Treasury Secretary Bessent meets with Turkish finance leaders to discuss Iran and financial stability

Today, Secretary of the Treasury Scott K.H. Bessent met with Türkiye's Minister of Finance Mehmet Simsek and Central Bank Governor Fatih Karahan in Washington.

Treasury Secretary Bessent discusses U.S.-Ukraine economic partnership advancement

Today, Secretary of the Treasury Scott K.H. Bessent held a meeting with Prime Minister Denys Shmyhal and Minister of Finance Sergii Marchenko of Ukraine.

Treasury Secretary Bessent discusses reforms with Mexico's finance secretary

Today, U.S. Secretary of the Treasury Scott K. H. Bessent held a meeting with Mexico's Secretary of Finance and Public Credit Edgar Amador Zamora.

IBM reports 2025 Q1 results with strong software revenue growth

IBM released its first-quarter financial results for 2025, showcasing an increase in both revenue and profitability, driven largely by their Software offerings.

Federal Reserve revises crypto guidance for banks to enhance flexibility and innovation

The Federal Reserve Board has announced the withdrawal of specific guidance for banks regarding their activities in the crypto-asset and dollar token sectors.

Scientists create new color perception technique called "Oz

In L. Frank Baum's classic novel "The Wonderful Wizard of Oz," the Emerald City dazzles visitors with its vibrant green shade, enhanced through the use of green-tinted glasses.

UC Berkeley professors awarded Guggenheim Fellowship for innovative research and projects

Two professors from UC Berkeley have been awarded the prestigious Guggenheim Fellowship, joining a long list of distinguished alumni including Zora Neale Hurston and James Baldwin.

U.S. Treasury sanctions Iranian LPG magnate and corporate network

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has designated Seyed Asadoollah Emamjomeh, an Iranian national significant in the liquified petroleum gas (LPG) industry, along with his corporate network.