More sanctions could target deadly fentanyl if bill wins passage
The U.S. Treasury Department is facing increasing pressure to use sanctions powers against those that have participated in the explosion of fentanyl in the U.S.
University of Maryland professor tapped for Treasury post
President Donald Trump has nominated a University of Maryland professor to a Treasury department post.
Wall Street puts its focus back on earnings, not D.C.
NEW YORK — The stock market hit an all-time high Thursday as investors put the government shutdown and debt ceiling crisis behind them and focused on corporate earnings. The Standard & Poor’s 500 index rose 11.61 points, or 0.7 percent, to close at 1,733.15 — a record close. The market rose throughout the day as […]
Treasury says debt limit will be hit by late 2012
WASHINGTON — U.S. Treasury officials say they still expect the government will hit the current debt borrowing limit at the end of this year. But they say they can employ “extraordinary” measures that they have used in the past to keep the government functioning until sometime early next year. In a statement, Treasury Assistant Secretary […]
Carrollton Bank, Bay Bank to merge
Carrollton Bancorp, parent company of Carrollton Bank, and Bay Bank FSB said Monday they would merge in a transaction valued at $25 million. Bay Bank was created after Bay National Bank, of Baltimore, failed on July 9, 2010, and was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance […]
Joe Nathanson: Housing subsidy on the chopping block?
In recent weeks much of the nation was focused on the intense wrangling within the U.S. Congress over the need to raise this country’s statutory debt limit. There was something of the theater of the absurd in these negotiations. After all, hadn’t the majority in the House of Representatives voted just a few months earlier […]
Bethesda-based Monument Bank gets Treasury Department funds
Monument Bank of Bethesda received $11.4 million through the federal government’s Small Business Lending Fund, the U.S. Treasury Department announced. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at favorable rates. The government channels the money to banks by purchasing preferred shares of stock. […]
Eagle Bancorp gets $56.6M investment from U.S. Treasury
Eagle Bancorp Inc. of Bethesda, the parent company of EagleBank, announced that it has received a $56.6 million investment in its preferred stock from the U.S. Treasury Department under the Small Business Lending Fund. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at favorable […]