U.S. banks face potential scrutiny from the Office of the Comptroller of the Currency (OCC) over allegations of closing customer accounts based on political or religious grounds, particularly concerning conservative-aligned sectors. Meanwhile, California Governor Gavin Newsom alleges that President Donald Trump directed the Justice Department to investigate him and his wife for political reasons. Separately, Reza Zarrab, a key witness in the Halkbank sanctions evasion case, is scheduled for sentencing on July 14, nearly nine years after his guilty plea.
Major U.S. banks are anticipating a review from the Office of the Comptroller of the Currency (OCC) that could lead to disciplinary actions. The review is examining allegations that these institutions have closed customer accounts based on religious or political grounds, with a specific focus on whether services were denied to conservative-aligned sectors. The probe is expected to identify specific banks involved in this practice.
In parallel, California Governor Gavin Newsom has accused President Donald Trump of directing the Justice Department to investigate him and his wife, Jennifer Siebel Newsom. Newsom asserts that these investigations are politically motivated, designed to uncover a crime rather than investigate an existing one, and are connected to Trump's potential presidential campaign. He claims the probes are an attempt to target him due to his political positions.
Separately, Reza Zarrab, a central cooperating witness in the U.S. investigation into Turkish lender Halkbank, is slated for sentencing on July 14. Zarrab pleaded guilty nearly nine years ago and has been a key figure in the case alleging Halkbank's involvement in helping Iran evade international sanctions. His sentencing marks a significant development in the long-running Halkbank case.
Major U.S. banks are anticipating a review from the Office of the Comptroller of the Currency (OCC) that could lead to disciplinary actions. The review is examining allegations that these institutions have closed customer accounts based on religious or political grounds, with a specific focus on whether services were denied to conservative-aligned sectors. The probe is expected to identify specific banks involved in this practice.