Timothy Geithner

 

Timothy Franz Geithner (born August 18, 1961) is the 75th and current United States Secretary of the Treasury, serving under President Barack Obama. He was previously the president of the Federal Reserve Bank of New York.

Geithner's position includes a large role in directing the Federal Government's economic response to the financial crisis which began after December 2007. Specific tasks include directing the allocation of the $350 billion of Wall Street bailout funds. He is currently dealing with multiple high visibility issues, including the survival of the automobile industry, the restructuring of banks, financial institutions and insurance companies, recovery of the mortgage market, demands for protectionism, President Obama's tax changes, and relations with foreign governments that are dealing with similar crises. Read More

Articles About Timothy Geithner

Erskine Bowles Not Interested in Treasury Post

By Reuters

Former White House chief of staff Erskine Bowles, whose name has surfaced as a potential successor to U.S. Treasury Secretary Timothy Geithner, said Sunday he does not want the job and has not been asked by Democratic President Barack Obama. (12:44 pm)

MORE TOPICS: BARACK OBAMA, MORGAN STANLEY, WHITE HOUSE

ator Bernie Sanders (I-VT) is interviewed by a Reuters reporter at Sanders' office in Burlington, Vermont
JPMorgan Losses Give Boost To US Sen. Sanders' Bank Bill

By IBTimes

The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say. (May 23)

MORE TOPICS: FEDERAL RESERVE, SEC, JPMORGAN CHASE, GOVERNMENT ACCOUNTABILITY OFFICE, NEW YORK, MICHIGAN, NYSE

Jobless claims steady, mid-Atlantic factories sag

By Reuters

New claims for jobless benefits last week held at levels suggesting sluggish growth in hiring and factory activity in the mid-Atlantic region contracted in May, worrisome signs for a still-fragile economic recovery. (May 17)

MORE TOPICS: FEDERAL RESERVE, WAL-MART, UNEMPLOYMENT, BARCLAYS, MANUFACTURING, NEW YORK

Jobless claims steady, labor worries persist

By Reuters

New claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth. (May 17)

MORE TOPICS: FEDERAL RESERVE, WAL-MART, UNEMPLOYMENT, NEW YORK

Obama wants tough rules after JPMorgan loss: report

By Reuters

The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. (May 17)

MORE TOPICS: WHITE HOUSE

FBI Launches Investigation Of JPMorgan Trading Losses

By Reuters

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses. (May 15)

MORE TOPICS: FEDERAL RESERVE, SEC, JPMORGAN CHASE, FINANCIAL REFORM, RETAIL, FLORIDA

FBI launches JPMorgan probe, shareholders back Dimon

By Reuters UK

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses. (May 15)

MORE TOPICS: FEDERAL RESERVE, SEC, JPMORGAN CHASE, FINANCIAL REFORM, RETAIL, FLORIDA

FBI launches probe of JPMorgan, shareholders back Dimon

By Reuters

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses. (May 15)

MORE TOPICS: FEDERAL RESERVE, JPMORGAN CHASE, FINANCIAL REFORM, RETAIL, FLORIDA, NEW YORK

Pressure rises on JPMorgan over risk, clawbacks

By Reuters

Shareholders of JPMorgan Chase & Co gathered in the hundreds on Tuesday for its annual meeting, as pressure rises on the bank and Chief Executive Jamie Dimon over billions of dollars in trading losses. (May 15)

MORE TOPICS: JPMORGAN CHASE, FINANCIAL REFORM, CALIFORNIA, FLORIDA, NEW YORK, NEW JERSEY

Pressure rises on JPMorgan over risk, claw backs

By Reuters UK

Shareholders of JPMorgan Chase & Co gathered in the hundreds on Tuesday for its annual meeting, as pressure rises on the bank and Chief Executive Jamie Dimon over billions of dollars in trading losses. (May 15)

MORE TOPICS: JPMORGAN CHASE, FINANCIAL REFORM, CALIFORNIA, FLORIDA, NEW YORK, NEW JERSEY

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