President Trump has nominated G. Hunter McMaster II as Assistant Treasury Secretary for Financial Markets, a position he has been carrying out since July. McMaster previously led trading at Key Square Group and held senior Treasury advisory and policy planning roles. The Treasury Department also named Quinn Gabriel as White House liaison among other key appointments.
The US has frozen $344 million in cryptocurrency assets linked to Iran, with the Treasury Department saying the move is designed to increase pressure on Tehran. Officials cite disruptions to energy supplies amid the Middle East war and promise to degrade Iran’s ability to move funds. Sanctions reportedly target multiple crypto wallets tied to Iran.
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The RBI rejected banks’ proposal to stagger provisions for mark-to-market (MTM) losses in the March quarter. Banks argued that rising bond yields and a late $100 million cap on net open positions sharply hit treasury earnings, and they needed phased relief to manage the impact.
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