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The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.The Treasury Department identified cartels that have "exploited Mexico-based financial institutions to move money," which Treasury Secretary Scott Bessent said enables the "vicious fentanyl supply chain that has poisoned countless Americans."TRUMP ADMIN SANCTIONS EL CHAPO'S CHILDREN, VIOLENT FENTANYL-TRAFFICKING CARTEL […]

Money could be coming the way of some AT&T users through a significant settlement that stemmed from lawsuits about a pair of data breaches the company experienced. The settlement that AT&T reached, worth $177 million, received preliminary approval from the U.S. District Court for the Northern District of Texas late last week.The preliminary approval order from the court said the company is setting up a $149 million pool of money for […]

On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor.Democratic socialist Zohran Mamdani’s stunning win over former Gov. Andrew Cuomo in the New York City Democratic primary for mayor shocked Wall Street. Some of the world’s most influential and powerful financiers were left grasping to understand what Mamdani’s victory would mean for their industry—and whether they would leave the city."It’s officially […]

FIRST ON FOX: House Oversight Committee Chair James Comer, R-Ky., is investigating whether federal actors played any role in "debanking" conservatives, widening his probe into alleged political discrimination by financial institutions."The Committee on Oversight and Government Reform is investigating the improper debanking of individuals and entities based on political viewpoints or involvement in certain industries such as cryptocurrency and blockchain," Comer wrote to the U.S. Office of the Comptroller of […]