All Entries Tagged With: "U.S. Treasury"
Dollar up after U.S. Treasury help Fannie, Freddie
The dollar is now up slightly after falling to a record low against the euro on Monday, this comes after news that the U.S. Treasury and Federal Reserve launched measures to step in and save the two biggest mortgages lenders in the U.S. Fannie Mae and Freddie Mac.
From Deputy US Treasury to Wachovia Corp bank
US Treasury Department Under Secretary Robert Steel has been named as the new chief executive for Wachovia Corp Bank, this follows the news that the commercial banking giant decided to part company with their previous CEO after the bank reported huge losses related to mortgages.
Freddie Mac & Fannie Mae committed to raising more capital
Henry Paulson, the U.S. Treasury Secretary has been saying how pleased he is that Freddie Mac and Fannie Mae are committed to raising more capital this spring, he also commented about the reform of the government-sponsored enterprises, saying that is the best way to combat foreclosures.