American banks being examined for claims of bias based on politics and religion

American banks being examined for claims of bias based on politics and religion

JPMorgan Chase Subsidiary Found to Discriminate Against Conservatives A subsidiary of JPMorgan Chase Bank has been implicated in discriminatory practices against political conservatives, as stated by the US Office of the Comptroller of the Currency (OCC) on Wednesday. This announcement coincided with the OCC’s supervisory review of nine major US banks, which followed allegations that […]

Banks Should Implement AI Regulations Across the Entire Company

Banks Should Implement AI Regulations Across the Entire Company

A global financial watchdog is urging banks to enhance their oversight of autonomous AI systems. The Financial Stability Board (FSB) issued this recommendation in a report released on Thursday, October 15, which discusses appropriate practices for the adoption of artificial intelligence (AI). According to the report titled “Sound Practices for Responsible Adoption of Artificial Intelligence,” […]

Federal Inquiry Claims Widespread Political Debanking at Major U.S. Banks

Federal Inquiry Claims Widespread Political Debanking at Major U.S. Banks

A federal investigation released on Wednesday revealed that some of America’s largest banks continue to have policies that may disadvantage customers based on their political beliefs, religious affiliations, and lawful business activities. The Office of the Comptroller of the Currency (OCC) found that between 2020 and September 2025, all nine major banks examined operated under […]

Authorities charge nine major banks with terminating accounts based on ideology, religion, and other factors.

Authorities charge nine major banks with terminating accounts based on ideology, religion, and other factors.

After President Trump emphasized the importance of guaranteeing fair banking rights for Americans, the government began investigating. A recent report from a federal agency indicates that several major U.S. banks have been restricting or outright refusing access to financial services based on individuals’ beliefs or the nature of their businesses. This revelation is quite startling. […]

Wall Street Banks Earn Almost $32 Billion While Americans Face Financial Hardships

Wall Street Banks Earn Almost $32 Billion While Americans Face Financial Hardships

Wall Street Banks Report Strong Quarterly Profits Amid Economic Struggles On Tuesday, Wall Street’s largest banks announced they collectively earned nearly $32 billion in profits for the quarter, despite ongoing challenges like high inflation, rising borrowing costs, and overall economic uncertainty impacting everyday Americans. JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo together reported around […]

China Closes Almost 25% of Its Banks Following Increased Oversight

China Closes Almost 25% of Its Banks Following Increased Oversight

China has reportedly shut down nearly 25% of its banks as it tightens oversight on smaller financial institutions. According to the Financial Times, the country closed over 670 banks in 2025, marking a historic high. This data comes from China’s National Financial Regulatory Administration and was published on October 3. Most of the bank closures […]