News published on Monetary Brief in May 2025

News from May 2025

Treasury sanctions Mexican cartel and issues alert on crude oil smuggling

The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three Mexican nationals and two Mexico-based entities for their involvement in drug trafficking and fuel theft linked to the Cartel Jalisco Nueva Generacion...

Carlyle and SK Capital extend bluebird bio tender offer to May 12, 2025

Carlyle and SK Capital Partners have announced an extension of their tender offer to acquire all outstanding common stock of bluebird bio, Inc. The new expiration date for this offer, initially set for May 2, 2025, is now one minute after 11:59...

Curtis J. Myers appointed to Philadelphia Federal Reserve Board

The Federal Reserve Bank of Philadelphia has appointed Curtis J. Myers, chairman and chief executive officer of Fulton Bank and Fulton Financial Corporation, to its Board of Directors as a Class A director.

U.S. targets Iran-China missile propellant procurement network with sanctions

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is sanctioning a network of six entities and six individuals based in Iran and the People’s Republic of China (PRC).

Bridgewater Associates limits access to investment strategies

Bridgewater Associates, LP has reiterated its stance regarding access to its investment strategies, emphasizing that these are not available to the general public.

Box and IBM announce collaboration to integrate AI in business processes

Box and IBM have announced a collaboration to enhance enterprise-level AI adoption for content management.

BNP Paribas strengthens partnership with IBM Cloud for future resilience

BNP Paribas announced the signing of a new multi-year partnership agreement with IBM Cloud, extending a collaboration that began in 2019 when IBM Cloud was first hosted in the bank's data centers.

IBM launches Microsoft Practice to enhance client digital transformations

IBM today announced the launch of a new Microsoft Practice within IBM Consulting, reinforcing their multi-year partnership to enhance business outcomes for clients facing AI, cloud, and security challenges.

IBM increases quarterly cash dividend for 30th consecutive year

The IBM board of directors has approved an increment in the regular quarterly cash dividend to $1.68 per common share.

Innovative brain-computer interface helps woman regain voice after 18 years of silence

When Ann Johnson experienced a brainstem stroke at 30, her life changed drastically.

UC Berkeley faculty members join the American Academy of Arts and Sciences

Six faculty members from the University of California, Berkeley, have been elected to join the American Academy of Arts and Sciences according to a recent announcement.

U.S. Treasury targets vessels aiding Houthi oil shipments

The U.S. Treasury's Office of Foreign Assets Control (OFAC) has announced action against three vessels and their owners for allegedly supporting the Houthi group in Yemen.

U.S. economy shows moderate growth amidst labor market recovery in Q1 2025

Despite the challenging weather conditions in January, the U.S. economy demonstrated resilience in February and March of 2025, managing to sustain growth albeit at a slower pace than at the end of 2024.

IBM boosts security operations with autonomous threat system

IBM has unveiled new advancements in its managed detection and response services aimed at enhancing autonomous security operations.

IBM announces $150 billion investment to enhance tech leadership in America

IBM has declared its plan to invest $150 billion in the United States over the next five years.

Bank of Canada names 2024-25 scholarship recipients

The Bank of Canada has announced the recipients of its scholarship awards for the academic year 2024-2025.