The Latest Breaking News from US Treasury

US Treasury: ‘Qard al Hasan’ Threatens Credibility of Lebanese Financial System

The US Department of the Treasury warned that the Lebanon-based “Qard al Hassan” is an unregulated and pseudo-financial institution that provides cover to Hezbollah’s activities, jeopardizing the credibility of the Lebanese financial system. A senior delegation from the Treasury concluded a three-day visit to Lebanon on Wednesday. The delegation met…

Asharq Al-Awsat · Mar 3, 2022

US Concerned at ‘Abuses’ in Lebanese Banking System, Urges Probes

A US Treasury delegation urged Lebanese authorities to mount investigations into what it described as abuses within the Lebanese banking system by members of the political and economic elite, the US Treasury said on Wednesday. The unusually candid statement issued at the end of a three-day visit to Beirut by…

Asharq Al-Awsat · Mar 2, 2022

Lebanon’s President Tells US his Country is Fighting Money Laundering, Terrorist Financing

Lebanese President Michel Aoun informed Tuesday a visiting US Treasury delegation that Lebanon continues to combat corruption, money laundering and terrorist financing operations. “Lebanese laws are applied firmly and accurately in this field,” Aoun told the delegation during a meeting at the Presidential Palace in Baabda. He indicated that Lebanon…

Asharq Al-Awsat · Mar 2, 2022

Vanguard Money Market Funds: What You Need to Know

Vanguard money market funds are useful asset storage tools. Here's what you need to know about the firm's six offerings.

Kiplinger · Jun 9, 2021

How Often Bear Markets Occur and 7 Other Facts About Them

Bear markets can be terrifying, but they're normal, inevitable and – most importantly – they don't last forever.

Kiplinger · Apr 27, 2020