Timothy Geithner

Treasury Secretary, Timothy Geithner, will meet with top officials from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission, and the heads of leading U.S. stock, options and futures exchanges, to discuss last Thursday’s fall. The officials will brief Geithner on “...

U.S. Treasury Secretary, Timothy Geithner, has rejected demands to separate banks from risk-taking activities. Geithner said that any such action is not likely to prevent future financial crises. He told the Financial Crisis Inquiry Commission, “To create stability, some argue, we should just...

Timothy Geithner, Treasury Secretary, has clarified that the proposed bank tax by the Obama administration would not hurt lending. The bank tax is for financial institutions with assets over $50 billion, who benefitted from various government assistance programs during the crisis. The small banks...

U.S. Treasury Secretary, Timothy Geithner, said today that the financial regulation reform will ultimately benefit banks as it will give them more credibility. In an interview with CNN on its “GPS” program, Geithner said that the financial crisis has shown how U.S. banks had moved away from their...

Counterfeiting of paper currency is an old business. After the Massachusetts Bay colony became the first government in the western world to issue paper money in 1690, counterfeiters of paper money soon followed. According to the Wall Street Journal, within some time, government officials got...

The two big U.S. auto makers, General Motors Co and Chrysler Group LLC, have shown some signs of a turnaround, with General Motor repaying $6.7 billion to the government ahead of its schedule and Chrysler Group reporting a first-quarter profit along with an increase in cash reserves. According to...

White House and Treasury Department officials say that the speech of President Barack Obama in Manhattan on Thursday will be a culmination of his personal involvement in the strategic process of financial regulation. According to the Washington Post, Obama’s role has covered two important areas,...

According to a report by Bloomberg, the U.S. Treasury Secretary, Timothy Geithner, has said that China is more likely to move towards a flexible currency policy as its current policy of pegging the yuan against dollar limits its ability to conduct monetary policy. Speaking at an American Society of...

Timothy Geithner, the U.S. Treasury Secretary, said today that an overhaul of financial regulations was at a critical moment. Geithner believes that a legislative agreement on the issue is close now. Speaking to reporters in Washington, he said that the U.S. economy was "recovering faster than...

Bloomberg reports that in what could be a setback to the Obama administration’s efforts to push China to revalue its currency, China’s President Hu Jintao has said that his country won’t yield to any external pressure in deciding when to adjust the yuan. President Obama had urged China to move...

According to Wisdom Tree Asset Management, the yuan is expected to rise 5% against the U.S. dollar this year. In an interview with Reuters, Bruce Lavine, President of Wisdom Tree Asset Management said that he was expecting the Chinese currency to be revalued by 2% in the next few months and a...

Bloomberg reports that at a summit to be held in Washington, where world leaders will be discussing the spread of nuclear materials, the U.S. president, Barack Obama, and his Chinese counterpart, president Hu Jiantao, will be keen to narrow down their differences over currency, trade and Iran in a...

Bloomberg reports that Timothy F. Geithner, the U.S. Treasury Secretary, went on an unscheduled trip to China at the time when China is seen to be weighing its options on letting its currency appreciate. Treasury spokesman Andrew Williams told reporters in Mumbai that Geithner left India for a...

US Treasury Secretary Timothy Geithner has stressed that the United States and India should work together. He said, “Our ability to cooperate on economic and financial issues will be critically important to the success of global efforts to create conditions for a more stable global financial system...

According to Bloomberg, the Group of 20’s enhanced clout and power is being put to the test by U.S. Treasury Secretary Timothy F. Geithner as he tries to prod China into revaluing the yuan. It’s been seven months since the G-20 has replaced the G-7 as the steering committee to rebalance the world...