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Investors face delays moving certain assets from TreasuryDirect
  + stars: | 2024-10-11 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
As investors revisit bonds amid falling interest rates, some are encountering longer waits to transfer certain assets purchased via TreasuryDirect, a platform run by the U.S. Department of the Treasury. TreasuryDirect, which sells government-backed assets, experienced a surge in demand in recent years as investors flooded into Series I bonds that offered record-high yields amid elevated inflation. Now, other assets, such as Treasurys, are taking longer to transfer from TreasuryDirect to brokerage accounts. When asked about wait times, the spokesperson said it "depends more on complexity than capacity" and that processing times are "well under one year right now and declining daily." The agency aims to "modernize the retail program in the future" and is designing solutions "with the customer in mind," the spokesperson said.
Organizations: U.S . Department of, Treasury, Street, Finance, Social, Administration, Fiscal Service, CNBC Locations: TreasuryDirect, Treasury's
Police Scotland told CNN it had received no reports regarding fans’ behavior towards Boyle. Paul Devlin/SNS Group/Getty Images“It was a historic problem born of the Catholic-Protestant divide in Scottish society, especially in the West of Scotland. And it became greatly manifest in football,” Scottish sports journalist Graham Spiers told CNN. Historically chants have included anti-Catholic religious bigotry, or vocal support for paramilitary groups like the Irish Republican Army (IRA) and Ulster Volunteer Force (UVF). Celtic and Rangers fans at the start of the Scottish Premiership match between Celtic and Rangers at Celtic Park on September 10, 2016 in Glasgow.
Persons: Martin Boyle, Boyle, ” David Scott, , , Hibernian's Martin Boyle, John Souttar, Paul Devlin, Graham Spiers, It’s, ” Spiers, Spiers, Mark Scott, Scott, Jason Campbell, Mouth’s Scott, , , , ” Scott, Celtic’s, King William III, William of Orange, Frank McAvennie, Chris Woods, Terry Butcher, Chris Cole, don’t, ” Joseph Webster, ” Webster, Jeanette Findlay, ” “, Findlay, Steve Welsh, “ I’ve, I’m Organizations: CNN, Hibernian FC, Scottish, Rangers FC, Northern, ” Hibernian FC, Hibs, Police Scotland, Rangers, Hibernian, Easter, SNS, Scotland, Catholic, – Celtic FC, Irish Republican Army, Ulster Volunteer Force, UVF, “ Rangers, Catholic Hibernian, Midlothian FC, Loyalist, Celtic, Scottish Premier League, Ibrox, ” Authorities, Football, Communications, Crown, Fiscal, Scottish Government, University of Cambridge, ” CNN, Scottish Football Association, CNN Sport, Celtic Park, ” Celtic Locations: Edinburgh, Northern Ireland, Republic of Ireland, Scotland’s, Scotland, Scottish, West, Glasgow, , Findlay
“The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient,” said Fed Chair Jerome Powell. FedNow instant payments won’t benefit you, however, if:You don’t have a bank or credit union accountYour financial institution is not part of the FedNow network. If your bank or credit union is among them, it may take some time before they start offering instant payments and deposits for customers using FedNow. And some initially may only offer to receive FedNow payments for their customers, but not send them. And in this first phase of use, the FedNow Service will only be available to process domestic payments between US depository institutions.
Persons: , Jerome Powell, , it’s, Wells Organizations: New, New York CNN, Federal Reserve, Service, FedNow Service, , Fiscal Service, JPMorgan Chase, Community Bank Locations: New York, Treasury’s, Wells Fargo
In 2022, savers created 3.6 million accounts at TreasuryDirect.gov, a website where investors can buy a range of savings bonds and Treasury securities from the U.S. government. That's up about fivefold from 2021, when investors opened 689,369 accounts on the site. I bondsFirst, savers turned toward Series I savings bonds, an inflation-protected and largely risk-free asset that's issued by the federal government. The rate on these bonds has two components: a fixed rate of interest and a rate that varies based on inflation. You can buy up to $5,000 in paper I bonds using your tax refund.
Washington CNN —A Libyan man accused of being involved in making the bomb that destroyed Pan Am flight 103 over the town of Lockerbie in December 1988 is expected to make an initial court appearance Monday afternoon during an arraignment hearing in Washington, DC. Authorities in the US and Scotland announced Sunday that the suspect, Abu Agila Mohammad Mas’ud Kheir Al-Marimi, is now in US custody. Al-Marimi is expected to be arraigned later Monday at a federal court in Washington. The chief legal officer of the Scottish government will meet with US prosecutors in Washington “next week” regarding the Lockerbie investigation, they said in a statement Monday. Megrahi was sentenced in 2001 to 27 years in prison, but was released from prison after being diagnosed with cancer.
UN agency says Israel is delaying new visas for its staff
  + stars: | 2022-12-12 | by ( Hadas Gold | ) edition.cnn.com   time to read: +12 min
Jerusalem CNN —A United Nations agency that operates in the West Bank and Gaza says Israel is not processing visas for its newly recruited staff, while Israeli officials accuse the agency of “ignoring Israeli victims of terror” in East Jerusalem and the occupied West Bank, a charge the agency denies. The UN considers East Jerusalem and the West Bank to be occupied territory, and Israelis living there to be living in illegal settlements. Erdan said when OCHA is asked why they don’t count Israeli victims, they are told the agency does not have reliable data. “Of course you don’t, you don’t employ Hebrew speakers, and the senior manager of the agency is Palestinian,” Erdan said. OCHA’s latest report does record some instances of Israelis being injured by stones thrown at civilian vehicles traveling in the West Bank.
Jane Barlow/Pool via REUTERS/File PhotoLONDON, Dec 11 (Reuters) - A man accused of making the bomb that blew up Pan Am flight 103 over Lockerbie in Scotland in 1988 is in custody in the United States, Scottish prosecutors said on Sunday. "The families of those killed in the Lockerbie bombing have been told that the suspect Abu Agila Mohammad Mas'ud Kheir Al-Marimi ("Mas'ud" or "Masoud") is in US custody," a spokesperson for the COPFS said. "Scottish prosecutors and police, working with UK government and US colleagues, will continue to pursue this investigation, with the sole aim of bringing those who acted along with al-Megrahi to justice." The bomb on board the Boeing 747 en route to the United States killed all 259 people on board and 11 on the ground, the deadliest ever militant attack in Britain. Fhimah was acquitted of all charges, but Scottish prosecutors have maintained that Megrahi did not act alone.
A Libyan accused of building the bomb that destroyed Pan Am flight 103 in 1988 has been taken into US custody. Eleven people in the Scottish town of Lockerbie were also killed when the plane crashed. All 243 passengers and 16 crew on board the flight, including 190 Americans, were killed when Pan Am Flight 103 was destroyed mid-flight. Eleven people in the Scottish town of Lockerbie also died when the Boeing 747 plane crashed on December 21, 1988. The only person convicted of the Pan Am 103 bombing is Abdelbaset al-Megrahi, head of security for Libyan Arab Airlines.
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