News published on Monetary Brief in March 2025

News from March 2025

U.S. Treasury Secretary meets UAE National Security Advisor

Today, Secretary of the Treasury Scott K.H. Bessent held a meeting with the United Arab Emirates National Security Advisor, His Highness Sheikh Tahnoon bin Zayed Al Nahyan.

IBM collaborates with NVIDIA to boost enterprise-scale AI capabilities

IBM has announced a collaboration with NVIDIA to enhance AI capabilities through the integration of NVIDIA's AI Data Platform technologies.

Fiji iguanas rafted thousands of miles from North America

Iguanas have long been known to raft on vegetation across the Caribbean, and historically they traveled 600 miles from Central America to the Galapagos Islands.

UC Berkeley professor Nelson Graburn dies at age 88

Nelson Graburn, a distinguished professor known for his work in the anthropology of tourism, passed away on February 27 at the age of 88.

Professor explores AI's role in understanding human and animal communication

Gašper Beguš, an associate professor of linguistics at UC Berkeley, is exploring the intersection of linguistics with various disciplines such as biology, law, and computer science.

IBM partners with Basque Government for Europe's first Quantum System Two

The Basque Government and IBM have announced plans to install Europe's first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center in San Sebastian, Spain.

Serial killer novel explores ripple effects without direct depiction

In "Highway Thirteen," author Fiona McFarlane presents a narrative centered around the impact of a serial killer without ever introducing the character directly.

Student uncovers secrets of Egyptian blue lotus amid misconceptions

Liam McEvoy, a UC Berkeley student, has been delving into the mystery of the Egyptian blue lotus, a plant celebrated in ancient mythology and often depicted in archaeological findings.

Treasury issues order targeting cartel-linked money laundering near US-Mexico border

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) aimed at curbing illicit activities and money laundering by Mexico-based cartels and other criminal entities along...

U.S. sanctions Swedish gang linked to Iranian regime

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on the Foxtrot Network, a criminal organization based in Sweden, and its leader Rawa Majid.

William Kentridge presents chamber opera exploring themes of migration at UC Berkeley

South African artist William Kentridge is set to present his chamber opera, "The Great Yes, The Great No," at UC Berkeley's Cal Performances from March 14-16.

Mitsubishi introduces AI tool for enhanced Outlander buying experience

Mitsubishi Motor Sales of Canada has introduced a new AI-powered tool called "The Intelligent Companion" to enhance the customer experience for the 2025 Mitsubishi Outlander.

Treasury Secretary meets with Saudi Finance Minister on regional security

Today, Secretary of the Treasury Scott Bessent engaged in discussions with Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan.

Shared National Credit report reveals moderate credit risk despite weakened quality trends

Federal bank regulatory agencies have released the 2024 Shared National Credit (SNC) report, indicating that credit risk linked to large, syndicated bank loans remains moderate.

UC Berkeley hosts rally against proposed federal research funding cuts

Over a thousand individuals assembled at UC Berkeley's Savio Steps in Sproul Plaza on March 7 to protest potential and ongoing cuts to federal research funding.

Crypto Price Movements on March 19, 2025

Today’s crypto overview: Price action across Bitcoin, Ethereum, Binance Coin, and more on March 19, 2025.

Moody's enhances banking SaaS platform with improved data integration

Moody's Banking continues to explore technological advancements in the banking sector through its SaaS platform.

Federal Reserve Board announces enforcement actions against two banks

The Federal Reserve Board has announced enforcement actions against Frankewing Bancshares, Inc. and Bank of Hawaii.

Crypto Price Movements on March 18, 2025

Bitcoin, Ethereum, Binance Coin & more: Today's crypto overview — March 18, 2025

Federal Reserve releases economic projections from March FOMC meeting

The Federal Reserve Board and the Federal Open Market Committee have released economic projections from their recent meeting held on March 18-19.