News published on Monetary Brief in May 2025

News from May 2025

Treasury Borrowing Advisory Committee discusses market impact of tariffs and economic uncertainty

April 29, 2025 Recent developments in U.S. government policy, notably higher-than-expected tariff rates, have significantly impacted global asset markets, according to the Treasury Borrowing Advisory Committee (TBAC).

U.S. Treasury announces $125 billion securities offer to refinance maturing notes

The United States Department of the Treasury has announced a plan to offer $125 billion in Treasury securities to refinance $94.2 billion in privately-held Treasury notes maturing on May 15, 2025.

Treasury Borrowing Advisory Committee addresses fiscal outlook and market developments

The Treasury Borrowing Advisory Committee (TBAC) gathered at the U.S. Department of the Treasury on April 29, 2025, for a private meeting.

Foreign investments in U.S. securities rise to $30,881 billion in June 2024

The U.S. Department of the Treasury has released the final results from the annual survey of foreign portfolio holdings of U.S. securities as of June 30, 2024.

United States and Ukraine announce reconstruction investment fund agreement

On April 30, an agreement was signed by the United States and Ukraine to establish the United States-Ukraine Reconstruction Investment Fund.

U.S. and EU review insurance agreement at bilateral committee meeting

The United States Department of the Treasury and the Office of the United States Trade Representative convened with European Commission representatives on April 29 in Washington.

Sparks named UC Berkeley's new vice chancellor for finance starting July

Kelly Sparks has been appointed as the new vice chancellor for finance and chief financial officer of UC Berkeley, beginning her tenure on July 1.

Graduate student advocates ethical sharing in biotech with indigenous communities

Maria Astolfi, a descendant of an indigenous Amazonian tribe and graduate student at UC Berkeley, has raised concerns about the ethical implications of biotechnology research involving indigenous knowledge.

CNMV flags financial and crypto firms reported by global regulators

The National Securities Market Commission (CNMV) has announced a list of warnings concerning unregistered financial and cryptocurrency service entities.

BaFin warns against unauthorised services on Fasatgh websites

The German Federal Financial Supervisory Authority (BaFin) has issued a warning against the websites fasatgh.com and fasat-gh.world.

IBM and EY launch AI solutions for global tax compliance

IBM and the EY organization have announced the introduction of EY.ai for tax, developed in collaboration with IBM watsonx, marking another milestone in their ongoing alliance.

IBM and Ferrari debut new mobile app to enhance Formula 1 fan engagement

IBM and Scuderia Ferrari HP have released a new mobile application designed to enhance the experience of Formula 1 fans worldwide.

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.