News Release 2020-149 | November 12, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today testified during a hearing held by the U.S. House Committee on Financial Services. The Acting Comptroller’s testimony discussed the agency’s efforts to ensure the federal banking system operates in a safe, sound, and fair manner, provides fair […]
Monthly Archives: November 2020
BRP TO PRESENT ITS THIRD QUARTER RESULTS FOR FISCAL YEAR 2021
Valcourt, Quebec, November 11, 2020 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its third quarter FY2021 financial results conference call on Wednesday, November 25, 2020. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the third quarter of FY2021 and address questions from analysts on a […]
Statement from Treasury Spokesperson Monica Crowley
“The Treasury Department remains focused on reaching a resolution of the national security risks arising from ByteDance’s acquisition of Musical.ly, in accordance with the August 14 order signed by the President, and we have been clear with ByteDance regarding the steps necessary to achieve that resolution. We refer questions regarding the pending litigation to the […]
Acting Comptroller of the Currency Discusses Condition of the Federal Banking System and Agency Priorities
News Release 2020-148 | November 10, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today testified during a hearing held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The Acting Comptroller’s testimony discussed the agency’s efforts to ensure the federal banking system is a source of strength, extends opportunities […]
Beyoncé and Peloton Team Up for Unprecedented Partnership
NEW YORK, Nov. 10, 2020 /PRNewswire/ — Peloton (NASDAQ:PTON), the world’s leading interactive fitness platform, and GRAMMY® Award-winning global entertainer and entrepreneur, Beyoncé, today announced a broad, multi-year partnership rooted in the celebration of music — a central component of the Peloton class experience — and pro-social initiatives. The launch of the collaboration with Beyoncé, […]
Treasury Sanctions Procurement Network Supplying Iranian Military Firm
International network procured electronic components for sanctioned Iranian military firm WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a network of six companies and four individuals that facilitated the procurement of sensitive goods, including U.S.-origin electronic components, for Iran Communication Industries (ICI), an Iranian military firm designated […]
OCC Reports Key Risks, Effects of COVID-19 in Federal Banking System
News Release 2020-147 | November 9, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2020. Banks remain in strong financial […]
Treasury Imposes Sanctions on Petroleum Network, Senior Syrian Officials, and Syrian Entities
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Syrian military officials, members of the Syrian Parliament, Government of Syria entities, and Syrian and Lebanese persons attempting to revive Syria’s deteriorating petroleum industry. Specifically, OFAC added seven individuals and 10 entities to the Specially Designated Nationals […]
Treasury and IRS to Issue Proposed Regulations Clarifying that Businesses Structured as Pass Through Entities May Deduct Certain State and Local Income Taxes Similar to C Corporations
WASHINGTON – Today the U.S. Treasury Department and Internal Revenue Service (IRS) released a notice regarding proposed regulations that will clarify that State and local income taxes imposed on and paid by a pass-through entity are allowed as a deduction by the pass-through entity in computing its non-separately stated taxable income or loss for the […]
Treasury Targets Corruption in Lebanon
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Gibran Bassil (Bassil), the President of the Free Patriotic Movement (FPM) political party and Member of Parliament (MP), pursuant to Executive Order (E.O.) 13818, for his role in corruption in Lebanon. E.O. 13818, which builds upon and implements the […]