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...As potential acquirers circled, former Treasury secretary Steven Mnuchin said on Thursday he was putting together a consortium to make a bid for the platform, although he did not provide financing details...
...The US Treasury secretary’s long-standing relationship with former vice-premier Liu He is also seen as an advantage....
...Dimon served on Trump’s shortlived business advisory group in 2017 and has said he “would try to help any president of the United States because I’m a patriot”....
...In today’s newsletter: Mnuchin profits from NYCB crisis A look at the ‘eccentric’ company behind Temu Trump’s Treasury secretary finds opportunity in NYCB’s rescue Steven Mnuchin is on track to earn...
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
...Beijing has hit out at US legislation to ban TikTok as former Treasury secretary Steven Mnuchin said he was assembling a consortium to buy the app from its Chinese owner....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...Drawing on the historical example of China flooding global steel markets, the US Treasury secretary said previous bouts of overcapacity had “decimated industries across the world and in the United States...
...On Thursday, former Treasury secretary Steven Mnuchin said he was putting together a consortium to make a bid for the platform, although he did not provide details on how he would finance the transaction...
...Yellen delivered her message to Beijing from a solar energy manufacturer in Georgia on Wednesday, just days before her second trip to China as Treasury secretary....
...More banking news: New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin. 2....
...The number of problem banks in the US has jumped 18 per cent, regulators warned yesterday, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin...
...Maybe a second Trump administration would repeat the pattern of the first and outsource most fiscal decision-making to the (relatively) steady hand of Steven Mnuchin, his former Treasury secretary....
...“The scale of subsidies just dwarfs what we see in OECD economies,” a Treasury official said during the trip, noting that the excess capacity was having “global spillovers”....
...Meanwhile, former Treasury secretary Steven Mnuchin said he was interested in owning the Chinese-owned company. “It’s a great business,” he said in an interview with the CNBC television channel....
...Johnson also received briefings from top Pentagon officials, including those from United States European Command. The intelligence was persuasive....
...Elections in Ukraine have also been suspended during the country’s state of emergency....
...Treasury secretary Janet Yellen raised the issue of Chinese overcapacity during a visit to Beijing this month....
...China has warned the US that Washington and Beijing must choose between “confrontation or co-operation” as secretary of state Antony Blinken began an official visit during which he is expected to deliver...
...“This trip underscores Secretary Yellen and the Biden administration’s commitment to establishing resilient channels of communication between the United States and China,” said a Treasury official....
...Biden’s intervention in Arizona — one of a handful of swing states that will decide the US presidential election pitting him against Donald Trump — comes as the Democratic president is trying to boost his...
...China’s President Xi Jinping has warned US secretary of state Antony Blinken that the two countries must not engage in “vicious competition”, as bilateral relations remain tense over issues such as the South...
...One housing department official said: “The secretary of state has been clear he prefers peppercorn in interviews and in parliament....
...News round-up China hits out at US push to ban TikTok as Steven Mnuchin plots bid (FT) Nationwide has a lot to lose in its unwise bet on Virgin Money (FT) Joe Biden declares opposition to Nippon Steel...
...For the economic team, the big questions are whether Trump might pick a Wall Street donor for the role of Treasury secretary, as he did with Steven Mnuchin in 2017 — and who he might tap to replace Jay Powell...
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