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DOJ Probes Big Banks For Alleged "Debanking" Of Clients
DOJ Probes Big Banks For Alleged "Debanking" Of Clients
The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal.
The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo. Investigators are seeking information on account closures, customer offboarding decisions, and internal records explaining why...
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Jun 27, 2026 / Tyler Durden
Friedman Was Right, Just Mostly Misquoted...
Friedman Was Right, Just Mostly Misquoted...
Authored by Lance Roberts via RealInvestmentAdvice.com,
Milton Friedman’s famous one-liner that anchors half the inflation debates on financial television leaves out the part where the actual economics live. Once you put it back in, the doomist case gets a lot smaller.
Per Bylund recently wrote a sharp piece for The Daily Economy arguing that CPI and GDP have become Goodhart’s Law in action. When a measure becomes a target, it ceases to be a useful measure. He has a point, and we’ll come back to it....
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Aug 21, 2026 / Tyler Durden
Mass Casualties As Russian Drones Slam Into Mall In Zelensky's Hometown
Mass Casualties As Russian Drones Slam Into Mall In Zelensky's Hometown
At least 15 have been killed and 121 injured after a Friday afternoon apparent Russian drone strike on a busy shopping call in the central Ukrainian city of Kryvyi Rih, regional officials say. Casualty numbers could grow amid ongoing search and rescue efforts at the scene. Some of the injured are in serious condition.
President Zelensky quickly issued a statement on the attack which was carried out on his own hometown, calling it "cynical and despicable" and underscoring that it...
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May 20, 2026 / Tyler Durden
Tense Trump-Netanyahu Call As US Presses Iran To 'Sign The Document' - But Israel Wants Military Greenlight
Tense Trump-Netanyahu Call As US Presses Iran To 'Sign The Document' - But Israel Wants Military Greenlight
Summary
Axios: "Trump continues to say he thinks a deal can be reached, but that he's ready to resume the war if it isn't."
US Marines board Iranian-flagged tanker in the Gulf of Oman, as it was accused of attempting to violate the US naval blockade.
Iran's parliament speaker and chief negotiator Mohammad Bagher Ghalibaf says that Tehran sees signs that the United States is seeking to restart the war
Oil tumbles after Pakistan again touts final deal draft...
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