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Y Combinator Startup Standard Treasury Creating API for banks ...

Y Combinator Startup Standard Treasury Creating API for banks ... | Treasury & FX | Scoop.it
The API for banks, founded by Zac Townsend and Dan Kimerling, is pulling in $1-5 million contracts per year.
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What You Need To Know About Jack Lew, Obama’s Treasury Nominee

What You Need To Know About Jack Lew, Obama’s Treasury Nominee | Treasury & FX | Scoop.it
President Obama will nominate his chief of staff and former director of the Office of Management and Budget, Jacob “Jack” Lew, as the next Treasury Secretary, Bloomberg reported today.

Via Monica S Mcfeeters
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Traders Said to Rig Currency Rates to Profit Off Clients

Traders Said to Rig Currency Rates to Profit Off Clients | Treasury & FX | Scoop.it
Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

Via Hal
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Hal's curator insight, June 12, 2013 10:59 AM

hat tip to GATA.org

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The $200 Million Reason Henry Paulson Became Treasury Secretary

The $200 Million Reason Henry Paulson Became Treasury Secretary | Treasury & FX | Scoop.it
Why would Henry Paulson give up his $40 million per year salary as CEO of Goldman Sachs to earn $183 thousand as US Treasury Secretary?
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China's US Treasury Holdings hit record $1.3 trillion

China's US Treasury Holdings hit record $1.3 trillion | Treasury & FX | Scoop.it

Chinese held US federal debt has reached a record $1.3 trillion. In May 2013 China bought $25.2 billion in US Treasury notes and bonds, according to Xinhua News Agency.

 

“US bonds remain one of the most attractive financial instruments in terms of safety. Recovery of the US economy strengthens the dollar, which is also a positive factor,” Chinese experts are quoted by the Chinese News Agency.

 

China’s economy has been developing rapidly in recent years, with its strong export business which resulted in large trade surpluses.

 

In September 2008 China became the biggest foreign creditor of the United States, surpassing Japan. ...


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