Remarks by Secretary of the Treasury Janet L. Yellen at Lunch with Business Leaders from American Chamber of Commerce in Dakar, Senegal

As Prepared for Delivery Thank you all for being here today.  I am very grateful to be joined by a group of impressive business leaders in Senegal.   An overriding focus of my trip to Africa is the enormous economic potential of the continent, thanks to its demographic trends and the impressive dynamism of its […]

Remarks by Secretary of the Treasury Janet L. Yellen at the Délégation Générale à l’Entrepreneuriat Rapide des Femmes et des Jeunes (DER/FJ) in Dakar, Senegal

As Prepared for Delivery Good morning, everyone. And thank you for that kind introduction.   I’m grateful to be here. Senegal is known as a bustling economic center in West Africa and a strong voice for international cooperation on the world stage. But to many visitors, it is also known for the extraordinary warmth and generosity […]

Remarks by Secretary of the Treasury Janet L. Yellen at Roundtable with Women Entrepreneurs at the Délégation Générale à l’Entrepreneuriat Rapide des Femmes et des Jeunes (DER/FJ) in Dakar, Senegal

As Prepared for DeliveryThank you very much for joining me and thank you for the tour of the facility.  An overriding focus of my trip to Africa is the enormous economic potential the continent has, thanks to its demographic trends and the impressive dynamism of its growing cohort of young and diverse entrepreneurs.   The […]

Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Minister of Economy, Planning, and Cooperation of Senegal Oulimata Sarr

As Prepared for Delivery Economy Minister Sarr, thank you for welcoming me to Dakar today.   It’s a sincere pleasure to see you so soon following the U.S. – Africa Leaders’ Summit in Washington in December.  And it’s a pleasure to meet with you today – as the first women to serve in our positions.  […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Bilateral Meeting with People’s Republic of China (PRC) Vice Premier Liu He

ZURICH, SWITZERLAND – Secretary of the Treasury Janet L. Yellen today met with Vice Premier of the People’s Republic of China, Liu He as part of efforts to deepen communication and work together to address global challenges following the meeting between President Biden and President Xi in Bali in November where the two leaders agreed […]

Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with People’s Republic of China Vice Premier Liu He

As Prepared for Delivery Vice Premier Liu, I am very pleased to meet you in person today.   Last November, President Biden and President Xi met at the G-20 in Bali for their first in-person presidential meeting. The leaders emphasized the importance of keeping the lines of communication open between our countries.  Amid a complicated global […]

Remarks by Deputy Secretary of the Treasury Wally Adeyemo on Action Against Russian Illicit Finance

WASHINGTON – Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order identifying the virtual currency exchange Bitzlato Limited (Bitzlato) as a “primary money laundering concern” in connection with Russian illicit finance pursuant to section 9714(a) of the Combatting Russian Money Laundering Act, as amended. Deputy Secretary of the Treasury […]

OCC Announces Approval of Bank of the West – BMO Harris Bank, National Association Merger

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved the merger of Bank of the West, San Francisco, into BMO Harris Bank, National Association, Chicago. The resulting institution is expected to have $256.0 billion in total assets, making it the 13th largest commercial bank in the United States. The approval follows the consideration […]

Acting Comptroller Discusses Management of Large Banks

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed large bank manageability in remarks at Brookings. The Acting Comptroller shared his views on detecting, preventing and addressing risks that can result in large banks becoming too-big-to-manage. He reflected that large banks that repeatedly try but fail to fix their material deficiencies prolong risks to […]

Remarks by Deputy Secretary of the Treasury Wally Adeyemo at White House event “Lowering Costs: Inflation Reduction Act Briefing”

As prepared for delivery Thank you, Secretary Granholm, and thank you all for joining me today. The Inflation Reduction Act is the most significant piece of legislation in our country’s history when it comes to building a clean energy future. The law puts in place broad-based incentives to drive investment and job growth, while lowering […]