As the Special Representatives of President Barack Obama and President Xi Jinping, U.S. Treasury Secretary Jacob J. Lew and Chinese Vice Premier Wang Yang led the sixth meeting of the Economic Track of the U.S.-China Strategic and Economic Dialogue (S&ED) on July 9-10, in Beijing, China. They were joined by a high-level delegation of Cabinet […]
STAMFORD, CT — Synchrony Financial today announced the completion of a strategic investment in LoopPay, Inc., an innovative mobile payments platform company. LoopPay is expected to provide Synchrony Financial with special features and benefits for its cardholders and retail partners. LoopPay recently introduced the LoopPay ChargeCase, which allows consumers to pay with their iPhone 5 […]
NEW YORK, – Despite employee benefit satisfaction reaching a record-high, 50%, in 2013, only 36% of employers are very satisfied with employee participation in voluntary benefits, according to findings released today from MetLife’s 12th Annual U.S. Employee Benefit Trends Study (EBTS). The disconnect between employees’ positive views on benefits and their enrollment actions highlights the […]
(JOHANNESBURG): J.P. Morgan announced today that its two-year pilot programme for South African Small and Medium Enterprises (SMEs) successfully achieved the objectives set out at inception. All companies in the SME Catalyst for Growth Programme (C4G Programme) are still successfully operating, with an overall median annual revenue increase of 27%, growth in employment and an […]
BOSTON- –Gillette® (NYSE: PG), the world’s leading male grooming brand, today unveils a video that shows the evolution of men’s style over the last century. In just sixty seconds, the video uses the perspective of a man’s bathroom mirror to show iconic looks from each era, spotlighting the way grooming habits have played a role […]
Bank of America Merrill Lynch Global Transaction Services (GTS) today announced the implementation of a tailored collections and payments solution in China for OSI Group (OSI) LLC, a privately-owned U.S.-based food processing corporation. In addition to a full suite of treasury management services to help OSI optimize working capital in China, the customized solution includes […]
The 2014 U.S. Trust Insights on Wealth and Worth® survey released today provides a new, in-depth look at the structurally diverse modern American family and finds the dynamics add complexity to money issues already heightened in families with increased wealth. Based on a nationwide survey of 680 U.S. high net worth individuals with $3 million […]
The 2014 U.S. Article IV highlighted five broad themes to both strengthen the recovery and improve the long-term outlook: raising productivity growth and labor participation, confronting poverty, keeping public debt on a sustained downward path, managing the exit from zero policy rates, and securing a safer financial system. To achieve these goals and fortify the […]
On Monday, Treasury and the Center for Strategic and International Studies (CSIS) co-hosted a symposium entitled “TFI@10: The Evolution of Treasury’s National Security Role,” on the role of financial tools in advancing U.S. national security. This symposium marked the 10th anniversary of the Treasury Department’s Office of Terrorism and Financial Intelligence (TFI) and convened senior […]
WASHINGTON, – Developing countries are headed for a year of disappointing growth, as first quarter weakness in 2014 has delayed an expected pick-up in economic activity, according to the World Bank’s Global Economic Prospects (GEP) report, released today. Bad weather in the US, the crisis in Ukraine, rebalancing in China, political strife in several middle-income […]
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