UBS pays $1.7 mn for `apparent` sanctions violations

Last Updated: Friday, August 28, 2015, 02:08

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

United Bank mulling to shift treasury department to Mumbai

Last Updated: Sunday, June 21, 2015, 20:34

Kolkata-based lender United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.

Govt's holding of US securities crosses $100 bn mark

Last Updated: Sunday, May 3, 2015, 11:34

Logging fresh one-year high, India's exposure to US government securities reached USD 101.7 billion as the country purchased nearly USD 10 billion worth bonds in just one month.

Japan tops China as biggest foreign holder of US bonds

Last Updated: Thursday, April 16, 2015, 04:07

Japan eclipsed China as the largest holder of US bonds in February, the Treasury Department reported Wednesday, the first time that has happened since August 2008.

PayPal to pay $7.7 million in US Treasury sanctions case

Last Updated: Thursday, March 26, 2015, 10:11

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

India cuts exposure to US govt securities at $77.5 bn in Oct

Last Updated: Sunday, December 21, 2014, 13:23

Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.

India hikes US govt securities holdings to $63.9 bn

Last Updated: Sunday, January 19, 2014, 17:01

India increased its holding of American government securities to USD 63.9 billion for the second straight month in November last year.

India's holding in US government securities rises to $59.9 bn

Last Updated: Tuesday, December 17, 2013, 18:08

India increased its exposure to American government securities to USD 59.9 billion in October, the highest in four months, notwithstanding uncertainties in the world's largest economy.

US exits GM stake in $10 billon loss for taxpayers

Last Updated: Tuesday, December 10, 2013, 09:02

The US government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies.

US plans to exit GM stake by year-end, may lose $10 billion

Last Updated: Thursday, November 21, 2013, 22:18

The US Treasury Department said it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a shortfall of about USD 10 billion on the automaker`s 2009 bailout.

US recognises same sex marriage under tax laws

Last Updated: Friday, August 30, 2013, 09:17

The US Department of Treasury has recognised gay marriage under the tax laws, giving equal tax benefits to legally married same-sex couples like their heterosexual counterparts.

US federal govt to borrow $444 bn in second half

Last Updated: Tuesday, July 30, 2013, 16:11

The US Treasury Department on Monday announced that the federal government expected to borrow 444 billion US dollars from the market to fund its operation in the second half of this year.