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Published:Thu, 17 Dec 2009 06:04:14 GMT
WASHINGTON (AP): In a striking reversal of its attempts to unwind the governments financial stakes in big banks, the Treasury Department is backing out of plans to sell its 34 per......
Published:Thu, 17 Dec 2009 00:49:27 GMT
Whats Your Reaction? The Treasury Department is backing off its plans to help Citigroup free itself from partial government ownership after the markets priced Citis shares below T......
Published:Wed, 16 Dec 2009 14:12:52 GMT
WASHINGTON -- The U.S. Department of the Treasury announced today that it priced a secondary public offering of 3,199,988 warrants to purchase common stock of TCF Financial Corpor......
Published:Thu, 17 Dec 2009 05:03:45 GMT
Tepid investor interest changes Treasurys mind about selling 34 percent Citi stake just yet......
Published:Wed, 16 Dec 2009 15:22:38 GMT
The Treasury Department has received $9.45 million in the sale of warrants it had received from TCF Financial Corp. as part of the support the government provided the bank during ......
Timothy Geithner - Secretary of the U.S. Department of The Treasury
Timothy F. Geithner was sworn in as the 75th Secretary of the United States Department of the Treasury on January 26, 2009. Secretary Geithner was nomitated for the Cabinet position by U.S. Presiden Barack Obama.
Prior to his nomination to the Treasury, Secretary Geithner served as the ninth president and chief executive officer of the Federal Reserve Bank of New York, where he began on November 17, 2003. While in that position, he served as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy.
Secretary Geithner first joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury in a variety of positions. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers.
He was director of the Policy Development and Review Department at the International Monetary Fund from 2001 until 2003. Before joining the Treasury, Secretary Geithner worked for Kissinger Associates, Inc.
Secretary Geithner graduated from Dartmouth College with a bachelor’s degree in government and Asian studies in 1983 and from the Johns Hopkins School of Advanced International Studies with a master’s in International Economics and East Asian Studies in 1985. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.
He and his wife, Carole Sonnenfeld Geithner, have two children.
