News published on Monetary Brief in May 2025

News from May 2025

Treasury's Faulkender addresses priorities at U.S. Bancorp Fly-In Meeting

Deputy Secretary Michael Faulkender recently addressed banking leaders at the U.S. Bancorp Fly-In Meeting, highlighting key priorities for the Treasury Department and the Administration under President Trump.

U.S. Treasury imposes new sanctions on Iran over ballistic missile program

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated six individuals and 12 entities for their roles in aiding Iran's efforts to manufacture materials crucial for its ballistic missile program.

Secretary Bessent comments on reconciliation vote supporting Trump's economic agenda

U.S. Secretary of the Treasury Scott Bessent has commented on the recent reconciliation vote by the House Ways & Means Committee.

Berkeley MFA exhibit challenges museum accessibility for disabled individuals

The Master of Fine Arts (MFA) exhibition at the Berkeley Art Museum and Pacific Film Archive (BAMPFA) opens today, showcasing the work of Priyanka D’Souza among six graduating students from UC Berkeley.

UC Berkeley students innovate democratic processes through tech-focused course

UC Berkeley students are exploring the intersection of technology and democracy through a course titled "Building Bridges Between Democracy and Technology for a Better Society."

NCUA charters African Diaspora Federal Credit Union in St. Louis

The National Credit Union Administration (NCUA) has issued a federal charter and provided National Credit Union Share Insurance Fund coverage to the African Diaspora Federal Credit Union located in St. Louis, Missouri.

Harvey Schwartz to present at Bernstein Strategic Decisions Conference

Carlyle has announced that its Chief Executive Officer, Harvey Schwartz, will be presenting at the 41st Annual Bernstein Strategic Decisions Conference.

Treasury Secretary Bessent to attend G7 meeting in Canada

Secretary of the Treasury Scott K.H. Bessent is set to travel to Banff, Canada, on May 20.

Fed conference examines stablecoin growth and its impact on financial stability

The Federal Reserve Banks of Boston and New York recently hosted the second Conference on Stablecoins and Tokenization, focusing on the evolving roles of stablecoins and tokenization in the financial system.

Carlyle launches new energy platform focused on sustainable infrastructure

Global investment firm Carlyle has announced the launch of Revera Energy, an independent energy infrastructure solutions platform.

FCA warns of unauthorized crypto and financial services by VIVIENNETRADING

The Financial Conduct Authority (FCA) has issued a warning regarding VIVIENNETRADING/viviennetradingklass, a firm allegedly operating in the UK without proper authorization.

BaFin warns of unauthorized financial services by 'Turbon'

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding "Turbon," suspecting that the operators of the website turbon.co are providing unauthorized financial, investment, and cryptoasset services...

Carlyle, SK Capital update tender instructions for bluebird bio stockholders

Carlyle, SK Capital Partners, and bluebird bio have updated their instructions for stockholders in the ongoing tender offer.

Richmond Fed highlights role of community colleges at Vance-Granville graduation

Vance-Granville Community College held its commencement ceremony at the Main Campus in Henderson, N.C., with a keynote address delivered by a representative from the Richmond Federal Reserve Bank.

Carlyle finances €280M package for Fitness Park expansion

Global investment firm Carlyle has announced a financing package of €280 million for Fitness Park, the largest "Full Service Best Price" operator and franchisor of fitness clubs in France.

Fed reports no FX market intervention in Q1 2025

The Federal Reserve and the U.S. Treasury did not intervene in foreign exchange markets during the first quarter of 2025, according to a report from the Federal Reserve Bank of New York.

Court orders review of CRISPR patent dispute involving Broad Institute

The U.S. Court of Appeals for the Federal Circuit has instructed the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) to reassess its 2022 decision regarding the invention of CRISPR-Cas9 gene editing technology.

Researchers uncover complex predatory tactics of flamingos involving vortices

Flamingos, often seen standing in shallow alkaline lakes, are employing a complex feeding strategy involving their feet and beaks to create water vortices that trap prey.

UC Berkeley students create Antarctic documentary exploring whale research

In January, UC Berkeley graduate students Zoe Anne Rosenblum and Matthew Busch embarked on a journey to Antarctica aboard the ice tug Argus.

Medieval readers' tactile interaction with books explored by UC Berkeley professor

Henry Ravenhall, an assistant professor in the Department of French at UC Berkeley, is shedding light on medieval reading habits that contrast sharply with modern perceptions.