A new report from the U.S. Office of the Comptroller of the Currency (OCC) reveals that the nation’s nine largest banks imposed “inappropriate” restrictions on lawful crypto businesses. Released on December 10, 2025, the findings confirm long-standing claims from the industry about discriminatory debanking. The review covered JPMorgan Chase, Bank of America, Citibank, Wells Fargo, U.S. Bank, Capital One, PNC, TD Bank, and BMO. Between 2020 and 2023, these banks reportedly required escalated approvals or ...

Morgan Stanley's underwriting of Zijin Gold International's Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and reputational harm, a U.S. House of Representatives commi... ...

Core Points - The Federal Deposit Insurance Corp. (FDIC) proposed a measure to limit the actions for which examiners can issue warnings or penalties to banks [1] - Examiners will focus on issues that materially affect a bank's risk of failure or impose costs on the Deposit Insurance Fund, rather than on unrelated process-related items [2] - FDIC Acting Chair Travis Hill emphasized the need for supervisors to proactively identify material issues and improve the supervisory process to focus on core financial risks [3] - The FDIC board voted to codify efforts to eliminate reputational risk as a supervisory tool, prohibiting adverse actions based on reputation risk or requiring institutions to close accounts based on political, social, cultural, or religious views [4] - This vote aligns with commitments made by the FDIC, Office of the Comptroller of the Currency, and Federal Reserve to address the perceived undue debanking of conservatives [5]

Core Viewpoint - JPMorgan and Bank of America "debanked" former President Trump due to pressure from the Biden administration's banking regulators and the Federal Reserve, linked to his involvement in the January 6 Capitol events [1][2][5]. Group 1: Reasons for Debanking - The decision to debank Trump was influenced by concerns over reputational risk, as regulators warned that banking Trump could lead to regulatory scrutiny and potential penalties [2][6]. - Banking executives reported feeling pressured by regulators to avoid business with individuals associated with controversial political actions, including those involved in the January 6 protests [2][4]. Group 2: Trump's Response and Future Actions - Trump has publicly stated his intention to end the practice of politically motivated debanking and plans to issue an executive order to address this issue [3][12]. - Trump criticized the CEOs of JPMorgan and Bank of America for not supporting him after he left office, despite having significant assets and a long-standing relationship with these banks [11][14]. Group 3: Regulatory Environment - The Office of the Comptroller of the Currency, FDIC, and Federal Reserve have been noted for their ambiguous enforcement of rules regarding reputational risk, which has led banks to adopt a cautious approach towards certain clients [2][8]. - The current regulatory climate has made it easier for banks to avoid potential reputational risks by denying services to individuals like Trump, even when they possess substantial financial resources [6][8].