1 month ago
The issue of Daniel Penny, the center of a New York City vigilante case in which he unintentionally ended the life of Jordan Neely following a subway confrontation, is the focus of a new book. Frequent MS NOW guest Anand Giridharadas is out promoting his work, Man in the Mirror.
His interviews seen during the media promotional tour do not give the impression of an unbiased approach to this topic. Instead of describing core facts and the details that pertain to the confrontation on the New York subway car, Giridharadas delivers what sounds more like a college term paper-level of pontificating.
Sitting with Christiane Amanpour, the Heat Miser-coiffed Anand offers up a theory that Neely, Penny, and others on the subway car were experiencing something that is felt across the country:
Jordan Neely, you know, a mentally ill, homeless man, felt abandoned by the systems of care. Daniel Penny felt abandoned by a lack of police and a lack of law enforcement that forced him, in his mind, to step up and step in. The passengers on that train…spoke of their own sense of abandonment and kind of being left to their own devices. And, Christiane, I think that sense of abandonment, that sense that the cavalry's not coming, the sense that we're on our own, the sense that maybe somebody does something because no one who should be doing anything is doing anything. I believe, Christiane, that is the defining political emotion of this age. It is maybe the most dangerous emotion in a democracy, because it starts to tempt people with the thought that if ******* ody's coming, I must fill the void. In this case, it was Daniel Penny filling a void in a subway in New York.
This is the selling of the concept that we need government in more, if not all, aspects of our lives. If Jordan Neely had been given proper mental healthcare and housing, if there had been police on that train car, if Daniel Penny had not felt abandoned by authorities, this tragedy would not have played out. If every person in the country is cared for by the government, we will have no problems!
#sense #subway #christiane #abandoned
His interviews seen during the media promotional tour do not give the impression of an unbiased approach to this topic. Instead of describing core facts and the details that pertain to the confrontation on the New York subway car, Giridharadas delivers what sounds more like a college term paper-level of pontificating.
Sitting with Christiane Amanpour, the Heat Miser-coiffed Anand offers up a theory that Neely, Penny, and others on the subway car were experiencing something that is felt across the country:
Jordan Neely, you know, a mentally ill, homeless man, felt abandoned by the systems of care. Daniel Penny felt abandoned by a lack of police and a lack of law enforcement that forced him, in his mind, to step up and step in. The passengers on that train…spoke of their own sense of abandonment and kind of being left to their own devices. And, Christiane, I think that sense of abandonment, that sense that the cavalry's not coming, the sense that we're on our own, the sense that maybe somebody does something because no one who should be doing anything is doing anything. I believe, Christiane, that is the defining political emotion of this age. It is maybe the most dangerous emotion in a democracy, because it starts to tempt people with the thought that if ******* ody's coming, I must fill the void. In this case, it was Daniel Penny filling a void in a subway in New York.
This is the selling of the concept that we need government in more, if not all, aspects of our lives. If Jordan Neely had been given proper mental healthcare and housing, if there had been police on that train car, if Daniel Penny had not felt abandoned by authorities, this tragedy would not have played out. If every person in the country is cared for by the government, we will have no problems!
#sense #subway #christiane #abandoned
2 months ago
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter.
TJX Companies is confident in navigating weather-related events such as El Niño due to its warehouse distribution model, CEO Ernie Herrman said in a Q2 earnings call on Aug. 19.
Herrman said since the company keeps its liquidity and shipping out of its warehouses, it has better control than traditional retailers. Inventory doesn't need to go straight to the stores if the off-price retailer thinks there's going to be an unusual weather pattern in a certain region, he added.
"[T]his is a benefit of our model where we stage goods in our warehouses versus goods at most brick-and-mortar retailers come into the warehouse and have to go out," Herrman told **** ysts. He added that the company's "planning organization is really good at reacting to any wild swings in weather or natural disasters or any of those red flags."
Off-price retailers and classic retailers tend to have different supply chain models when it comes to how they manage their inventory, but it's not one-size fits all, Dheera Anand, a partner at Bain and Co., told Supply Chain Dive in an interview. The supply chain strategy Hermann described in TJX's earnings call is known as the hold and flow, or staged, model, Anand said.
#supply
TJX Companies is confident in navigating weather-related events such as El Niño due to its warehouse distribution model, CEO Ernie Herrman said in a Q2 earnings call on Aug. 19.
Herrman said since the company keeps its liquidity and shipping out of its warehouses, it has better control than traditional retailers. Inventory doesn't need to go straight to the stores if the off-price retailer thinks there's going to be an unusual weather pattern in a certain region, he added.
"[T]his is a benefit of our model where we stage goods in our warehouses versus goods at most brick-and-mortar retailers come into the warehouse and have to go out," Herrman told **** ysts. He added that the company's "planning organization is really good at reacting to any wild swings in weather or natural disasters or any of those red flags."
Off-price retailers and classic retailers tend to have different supply chain models when it comes to how they manage their inventory, but it's not one-size fits all, Dheera Anand, a partner at Bain and Co., told Supply Chain Dive in an interview. The supply chain strategy Hermann described in TJX's earnings call is known as the hold and flow, or staged, model, Anand said.
#supply
2 months ago
By Nupur Anand and Jonathan Stempel
NEW YORK, Sept 10 (Reuters) - As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in.
Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny the claims. Capital One told a federal court in July that it closed Trump's accounts following an internal anti-money-laundering review, sparking renewed scrutiny including from a senior Democratic senator who last week pressed the bank for more details.
Capital One has not accused Trump or his businesses of money-laundering. Spokespeople for both banks declined to comment. The Trump Organization last week called the anti-money-laundering review a pretext to conceal a politically motivated decision.
While several legal experts said the banks have strong defenses, fighting Trump poses risks for the banks by potentially deepening animus with the president and airing confidential internal deliberations in public.
#money #laundering #president #risks
NEW YORK, Sept 10 (Reuters) - As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in.
Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny the claims. Capital One told a federal court in July that it closed Trump's accounts following an internal anti-money-laundering review, sparking renewed scrutiny including from a senior Democratic senator who last week pressed the bank for more details.
Capital One has not accused Trump or his businesses of money-laundering. Spokespeople for both banks declined to comment. The Trump Organization last week called the anti-money-laundering review a pretext to conceal a politically motivated decision.
While several legal experts said the banks have strong defenses, fighting Trump poses risks for the banks by potentially deepening animus with the president and airing confidential internal deliberations in public.
#money #laundering #president #risks
2 months ago
By Nupur Anand
NEW YORK, Sept 2 (Reuters) - A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
In a letter sent to Capital One CEO Richard Fairbank on Tuesday evening and first reported by Reuters, Senator Maggie Hassan, a New Hampshire Democrat, asked for documents describing the transactions, alerts and other factors that prompted the review, as well as any communications with law enforcement or regulators related to the matter.
"The American people deserve to know," wrote Hassan, the top Democrat on the Joint Economic Committee.
Capital One declined to comment.
#reuters #democrat #anand #york
NEW YORK, Sept 2 (Reuters) - A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
In a letter sent to Capital One CEO Richard Fairbank on Tuesday evening and first reported by Reuters, Senator Maggie Hassan, a New Hampshire Democrat, asked for documents describing the transactions, alerts and other factors that prompted the review, as well as any communications with law enforcement or regulators related to the matter.
"The American people deserve to know," wrote Hassan, the top Democrat on the Joint Economic Committee.
Capital One declined to comment.
#reuters #democrat #anand #york
2 months ago
By Nupur Anand
NEW YORK, Sept 2 (Reuters) - A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
In a letter sent to Capital One CEO Richard Fairbank on Tuesday evening and first reported by Reuters, Senator Maggie Hassan, a New Hampshire Democrat, asked for documents describing the transactions, alerts and other factors that prompted the review, as well as any communications with law enforcement or regulators related to the matter.
"The American people deserve to know," wrote Hassan, the top Democrat on the Joint Economic Committee.
Capital One declined to comment.
#capital #nupur #sept
NEW YORK, Sept 2 (Reuters) - A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
In a letter sent to Capital One CEO Richard Fairbank on Tuesday evening and first reported by Reuters, Senator Maggie Hassan, a New Hampshire Democrat, asked for documents describing the transactions, alerts and other factors that prompted the review, as well as any communications with law enforcement or regulators related to the matter.
"The American people deserve to know," wrote Hassan, the top Democrat on the Joint Economic Committee.
Capital One declined to comment.
#capital #nupur #sept
2 months ago
Pradyumna ****** ar Mahanandia and Ann-Charlotte Von Schedvin's remarkable love story is told in 'The Cycle of Love', a documentary produced by Priyanka Chopra Jonas
The couple, who have now been married for nearly 50 years, tell the story of how they first met in India and ultimately reunited in Sweden
Mahanandia, who goes by "PK," rode his bike thousands of miles to reunite with the woman he felt was his destiny
More than 50 years after he first met his wife, Pradyumna ****** ar Mahanandia seems to remember the moment like it was just yesterday.
The fateful meeting in Connaught Place in New Delhi, India, might have been written in the stars — or a palm leaf at least. Mahanandia, who goes by "PK", says he received a prophecy as a baby that his future wife would have several of the qualities he found in a tourist named Ann-Charlotte Von Schedvin who sat down to have her portrait drawn by the young artist.
#pradyumna #India #love
The couple, who have now been married for nearly 50 years, tell the story of how they first met in India and ultimately reunited in Sweden
Mahanandia, who goes by "PK," rode his bike thousands of miles to reunite with the woman he felt was his destiny
More than 50 years after he first met his wife, Pradyumna ****** ar Mahanandia seems to remember the moment like it was just yesterday.
The fateful meeting in Connaught Place in New Delhi, India, might have been written in the stars — or a palm leaf at least. Mahanandia, who goes by "PK", says he received a prophecy as a baby that his future wife would have several of the qualities he found in a tourist named Ann-Charlotte Von Schedvin who sat down to have her portrait drawn by the young artist.
#pradyumna #India #love
2 months ago
By Nupur Anand
NEW YORK, Aug 26 (Reuters) - Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the U.S. Congress House Oversight Committee.
These admissions come as lawmakers probe the late convicted **** offender's ties with political and business elites. Staley appeared before the House Committee on Oversight and Government Reform in July as part of its investigation into Epstein and his **** ociate Ghislaine Maxwell. Transcripts from the meeting were released on Wednesday.
In the closed-door, voluntary interview conducted on July 24, Staley said he divulged to Epstein the bank's communications with the Federal Reserve during the 2008 financial crisis, a figure of $44 billion in private bank inflows over two weeks, his own compensation, and details of pending deals.
Staley also admitted to sharing other confidential information about JPMorgan with Epstein, according to the transcript.
#staley #epstein #oversight
NEW YORK, Aug 26 (Reuters) - Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the U.S. Congress House Oversight Committee.
These admissions come as lawmakers probe the late convicted **** offender's ties with political and business elites. Staley appeared before the House Committee on Oversight and Government Reform in July as part of its investigation into Epstein and his **** ociate Ghislaine Maxwell. Transcripts from the meeting were released on Wednesday.
In the closed-door, voluntary interview conducted on July 24, Staley said he divulged to Epstein the bank's communications with the Federal Reserve during the 2008 financial crisis, a figure of $44 billion in private bank inflows over two weeks, his own compensation, and details of pending deals.
Staley also admitted to sharing other confidential information about JPMorgan with Epstein, according to the transcript.
#staley #epstein #oversight
2 months ago
Gabriel India has struck a joint venture deal with South Korea's HL Klemove as it accelerates its expansion beyond core components into advanced mobility and automotive electronics.
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
#adas
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
#adas
3 months ago
Islam Makhachev (170) vs.Ian Garry (170) Mackenzie Dern(115) vs. Gillian Robertson (115) Kaue Fernandes (156) vs.Jalin Turner (156) MansurAbdul-Malik (186) vs. Dustin Stoltzfus (185) Edson Barboza (156)vs. Esteban Ribovics (156) Joel Alvarez (171) vs.Chidi Njokuani (171) Charles Johnson(129.5) vs. Eduardo Henrique (129.5) Donte Johnson (184.5)vs. Eric McConico (186) Tresean Gore (186) vs.Vicente Luque (186) Lucas Fernando (205)vs. Rafael Tobias (204) Ramiz Brahimaj (170) vs.Neil Magny (171) Myktybek Orolbai(170.5) vs. Jeremiah Wells (171) Sherdog's live UFC330 "Makhachev vs. Garry" coverage will begin Saturday at 5:30p.m. ET.
Welterweights light the fuse for UFC 330 at Xfinity Mobile Arena inPhiladelphia, where Orolbai (16-2-1, 5-1 UFC) squares off withWells (13-4-1, 5-2 UFC) at 170 pounds. Blake Grice adjudicatesmatters. No glove touch in the opener. Wells whiffs on an overhandright. The heavily favored Orolbai stalks from the center andcounters an attempted high kick with a left hook. Wells unloadswith a multi-punch volley, catches Orolbai off-guard and presseshim into the fence. They separate. Lots of feints from Orolbai.Body kick from Wells. Orolbai catches it and procures a takedown,setting up in half guard. He works from top position, though Wellsrefuses to cooperate. Orolbai stands, maneuvers behind the Americanand briefly climbs to full mount. Wells escapes and clings to asingle-leg. Orolbai floats back to half guard, then sneaks behindhis opponent again. Wells somersaults but cannot break free andeats a series of left hands to the side of the head. Ninety secondsto go in the round. More ground-and-pound from Orolbai, who hasseized control after a shaky start. He frees his left hand andplasters Wells with another burst of left hands. Orolbai maintainscontrol and continues to build his lead, landing knees to thebuttocks. He lands another sweeping left as the roundconcludes.
Sherdog Scores Brian Knapp scores the round: 10-9 Orolbai
Tudor Leonte scores the round: 10-9 Orolbai
Scottie Smith scores the round: 10-9 Orolbai
Back at it for the middle stanza. Slow start through 30 seconds.Orolbai throws a crescent kick, then resets. He steps into anoverhand right, backs off under return fire and throws anotheroverhand. Orolbai ducks in on a single-leg and secures a takedown.Wells gets to his feet but pays the price, eating several punches.Another takedown for Orolbai, who lands in half guard and frames akimura. He moves to side control, still clinging to the shoulderlock. Wells stays safe initially and forces his opponent to bail onthe submission. Orolbai lands knees to the body. Wells scrambles tohis feet and braces himself against the fence. Orolbai forces himto take a knee at the base of the cage and scores with knees to thebackside. Wells stands again. Orolbai sneaks behind him with onehook laced and drags the American to the mat. He sets his secondhook. Wells reverses into top position. Orolbai immediately gets tohis feet. They return
Welterweights light the fuse for UFC 330 at Xfinity Mobile Arena inPhiladelphia, where Orolbai (16-2-1, 5-1 UFC) squares off withWells (13-4-1, 5-2 UFC) at 170 pounds. Blake Grice adjudicatesmatters. No glove touch in the opener. Wells whiffs on an overhandright. The heavily favored Orolbai stalks from the center andcounters an attempted high kick with a left hook. Wells unloadswith a multi-punch volley, catches Orolbai off-guard and presseshim into the fence. They separate. Lots of feints from Orolbai.Body kick from Wells. Orolbai catches it and procures a takedown,setting up in half guard. He works from top position, though Wellsrefuses to cooperate. Orolbai stands, maneuvers behind the Americanand briefly climbs to full mount. Wells escapes and clings to asingle-leg. Orolbai floats back to half guard, then sneaks behindhis opponent again. Wells somersaults but cannot break free andeats a series of left hands to the side of the head. Ninety secondsto go in the round. More ground-and-pound from Orolbai, who hasseized control after a shaky start. He frees his left hand andplasters Wells with another burst of left hands. Orolbai maintainscontrol and continues to build his lead, landing knees to thebuttocks. He lands another sweeping left as the roundconcludes.
Sherdog Scores Brian Knapp scores the round: 10-9 Orolbai
Tudor Leonte scores the round: 10-9 Orolbai
Scottie Smith scores the round: 10-9 Orolbai
Back at it for the middle stanza. Slow start through 30 seconds.Orolbai throws a crescent kick, then resets. He steps into anoverhand right, backs off under return fire and throws anotheroverhand. Orolbai ducks in on a single-leg and secures a takedown.Wells gets to his feet but pays the price, eating several punches.Another takedown for Orolbai, who lands in half guard and frames akimura. He moves to side control, still clinging to the shoulderlock. Wells stays safe initially and forces his opponent to bail onthe submission. Orolbai lands knees to the body. Wells scrambles tohis feet and braces himself against the fence. Orolbai forces himto take a knee at the base of the cage and scores with knees to thebackside. Wells stands again. Orolbai sneaks behind him with onehook laced and drags the American to the mat. He sets his secondhook. Wells reverses into top position. Orolbai immediately gets tohis feet. They return
3 months ago
By Nupur Anand
NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.
Dimon has personally reached out to CEOs of other large and major regional banks and IT companies to enlist them in the initiative, which he is expanding from a group that JPM helped found called the Alliance for Critical Infrastructure, the sources said.
The ACI and Dimon have also communicated with other prospective members in an effort to schedule calls in August to discuss collaboration, the sources said.
The outreach, which started in July, includes over 40 companies spanning financial services, energy, water, utilities, telecommunications, airlines, railroads and other critical infrastructure industries that rely heavily on technology, the sources said. The ACI has not disclosed results of the effort so far.
#dimon #critical #corporate #Companies
NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.
Dimon has personally reached out to CEOs of other large and major regional banks and IT companies to enlist them in the initiative, which he is expanding from a group that JPM helped found called the Alliance for Critical Infrastructure, the sources said.
The ACI and Dimon have also communicated with other prospective members in an effort to schedule calls in August to discuss collaboration, the sources said.
The outreach, which started in July, includes over 40 companies spanning financial services, energy, water, utilities, telecommunications, airlines, railroads and other critical infrastructure industries that rely heavily on technology, the sources said. The ACI has not disclosed results of the effort so far.
#dimon #critical #corporate #Companies
4 months ago
By Nupur Anand and Deborah Mary Sophia
July 7 (Reuters) - Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.
Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, Alphabet, Microsoft and Meta, are expected to spend more than $700 billion on AI this year.
Peak demand for the offering reached $62 billion, according to a report by Bloomberg News, which also first reported about the latest offering.
The offering includes a mix of fixed-rate and floating-rate notes, across eight tranches, with maturities ranging from 2029 to 2066, according to a final term sheet filed on Tuesday.
July 7 (Reuters) - Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.
Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, Alphabet, Microsoft and Meta, are expected to spend more than $700 billion on AI this year.
Peak demand for the offering reached $62 billion, according to a report by Bloomberg News, which also first reported about the latest offering.
The offering includes a mix of fixed-rate and floating-rate notes, across eight tranches, with maturities ranging from 2029 to 2066, according to a final term sheet filed on Tuesday.
4 months ago
A federal appeals court on Tuesday allowed the Trump administration to resume carrying out speedy deportations of undocumented migrants throughout the United States, not just near the border.
A divided three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit threw out a lower court decision that temporarily blocked President Donald Trump's expanded use of expedited removal. The ruling was a big victory for the Republican administration, which views the expansion of so-called expedited removal as a key tool for carrying out its mass deportation policy.
Expedited removal — quick deportation without a chance to appear before a judge — has previously been applied to migrants arriving by sea or caught at or near the border shortly after crossing.
In January, Trump expanded its use to undocumented migrants all over the United States. Immigration agents began whisking migrants away from courthouses where they had gone for immigration proceedings and then removing them from the country within days.
"The Trump administration's push for fast-track deportations will subject people to an unfair and error-prone system," Anand Balakrishnan, senior staff attorney with the ACLU's Immigrants' Rights Project, said in a statement.
A divided three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit threw out a lower court decision that temporarily blocked President Donald Trump's expanded use of expedited removal. The ruling was a big victory for the Republican administration, which views the expansion of so-called expedited removal as a key tool for carrying out its mass deportation policy.
Expedited removal — quick deportation without a chance to appear before a judge — has previously been applied to migrants arriving by sea or caught at or near the border shortly after crossing.
In January, Trump expanded its use to undocumented migrants all over the United States. Immigration agents began whisking migrants away from courthouses where they had gone for immigration proceedings and then removing them from the country within days.
"The Trump administration's push for fast-track deportations will subject people to an unfair and error-prone system," Anand Balakrishnan, senior staff attorney with the ACLU's Immigrants' Rights Project, said in a statement.
5 months ago
By Saeed Azhar, Nupur Anand and Chris Prentice
NEW YORK, June 15 (Reuters) - Big U.S. lenders are bracing for further public scrutiny over whether they improperly closed customer accounts as a top watchdog wraps up a review that is expected to name and shame banks and result in disciplinary action, said several people with knowledge of the matter.
The Office of the Comptroller of the Currency is poised to publish in coming weeks the findings of a supervisory review of whether lenders including JPMorgan and Bank of America cut off or denied services on religious or political grounds, often dubbed debanking. It has also examined whether lenders denied services to legitimate, conservative-aligned sectors such as fossil-fuel companies, gun makers and crypto, the people said.
Debanking generally refers to the process whereby a financial institution suddenly cuts off or restricts services to individuals or businesses. Following Republican President Donald Trump's order last year, authorities have been cracking down on what Trump has characterized as politically motivated debanking pushed by Democrats, creating headaches for lenders, who deny the claims and say they have merely been following risk management rules.
Republicans have for years been ramping up pressure on Wall Street banks to drop what they describe as left-leaning "woke" policies that they say are discriminatory, and Trump says he has personally had accounts closed for such political reasons.
NEW YORK, June 15 (Reuters) - Big U.S. lenders are bracing for further public scrutiny over whether they improperly closed customer accounts as a top watchdog wraps up a review that is expected to name and shame banks and result in disciplinary action, said several people with knowledge of the matter.
The Office of the Comptroller of the Currency is poised to publish in coming weeks the findings of a supervisory review of whether lenders including JPMorgan and Bank of America cut off or denied services on religious or political grounds, often dubbed debanking. It has also examined whether lenders denied services to legitimate, conservative-aligned sectors such as fossil-fuel companies, gun makers and crypto, the people said.
Debanking generally refers to the process whereby a financial institution suddenly cuts off or restricts services to individuals or businesses. Following Republican President Donald Trump's order last year, authorities have been cracking down on what Trump has characterized as politically motivated debanking pushed by Democrats, creating headaches for lenders, who deny the claims and say they have merely been following risk management rules.
Republicans have for years been ramping up pressure on Wall Street banks to drop what they describe as left-leaning "woke" policies that they say are discriminatory, and Trump says he has personally had accounts closed for such political reasons.
5 months ago
By Tatiana Bautzer and Nupur Anand
NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting hopeful buyers of Elon Musk's **** eX at splashy events that kicked off on Thursday, offering something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week.
Musk himself showed up at a lead event – virtually.
His futuristic IPO, which bases its lofty valuation on sci-fi concepts like colonizing Mars and data centers in **** e, has captured the imagination – and wallets – of Wall Street and investors clamoring for a piece of the action.
Bank of America, JPMorgan and Morgan Stanley are all hosting events over the next few days.
NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting hopeful buyers of Elon Musk's **** eX at splashy events that kicked off on Thursday, offering something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week.
Musk himself showed up at a lead event – virtually.
His futuristic IPO, which bases its lofty valuation on sci-fi concepts like colonizing Mars and data centers in **** e, has captured the imagination – and wallets – of Wall Street and investors clamoring for a piece of the action.
Bank of America, JPMorgan and Morgan Stanley are all hosting events over the next few days.
1 yr. ago
I mentioned Brian earlier in the day, thought he was dead years ago. Ananda hurt my heart. She was a part of my coming of age years. A large part.
1 yr. ago
Panc Bike has created a limited-edition bicycle inscribed with legendary runner Baikuntha Manandhar’s record time of 2 hours 15 minutes and 03 seconds.
https://sportsnep.com/2025...
#BaikunthaManandhar #PancBike #SportsNep
https://sportsnep.com/2025...
https://sportsnep.com/2025...
#BaikunthaManandhar #PancBike #SportsNep
https://sportsnep.com/2025...
1 yr. ago
¡SE ADELANTA LA ACADEMIA!
Con este gol de Lincoln, Racing le está ganando 1 a 0 a Barracas Central en Villa Modelo. Mirá el partido EN VIVO pantalla de
TyCSports
y http://Play.TyCSports.com acá: http://acortar.link/2SXziA
#FutsalEnTyCSports
http://Play.TyCSports.com
http://acortar.link/2SXziA
Con este gol de Lincoln, Racing le está ganando 1 a 0 a Barracas Central en Villa Modelo. Mirá el partido EN VIVO pantalla de
TyCSports
y http://Play.TyCSports.com acá: http://acortar.link/2SXziA
#FutsalEnTyCSports
http://Play.TyCSports.com
http://acortar.link/2SXziA