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Some officials are concerned China's moves could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency.

(April 12): The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter. Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the people said. American officials are less worried about an immediate challenge to the curren...

Archegos and the $10trn world of family offices As wealth becomes ever more concentrated, private fortunes are being managed in family offices. But people inside this rarefied world are realising the boom times of light oversight are behind them. The super-rich face challenges that the rest of us do not have to consider.  Robin Wigglesworth, Laurence Fletcher and Katie Martin Apr 6, 2021 – 12.15pm Share The super-rich face challenges that the rest of us do not have to consider: yacht maintenance, selecting the right fleet of private jets, finding boarding schools for their offspring. Thank...

President Joe Biden's nominee for the No. 2 job at the U.S. Treasury, Wally Adeyemo, will appear before the Senate Finance Committee for a confirmation hearing on Feb. 23, the committee announced on Tuesday.

President Joe Biden's nominee for the No. 2 job at the U.S. Treasury, Wally Adeyemo, will appear before the Senate Finance Committee for a confirmation hearing on Feb. 23, the committee announced on Tuesday.