Day: January 23, 2026

The Treasury Secretary pushed back the California governor’s criticisms of the Trump administration.

Lenders in the war-torn country have shrunk their bad loans from 37% to 24% of their portfolios in the last two years. Other sectors are shaken by corruption scandals, but the financial industry remains resilient. Notably because it is managed away from the government’s clutches.

United States President Donald Trump threatened European countries on Thursday with “big retaliation” if they sell US assets, such as bonds. The Danish pension fund announced earlier this week that it will sell the US Treasuries it holds due to “poor US government finances”, Azernews reports.