Largest U.S. banks busted for 'debanking' clients!

The OCC has found that nine major U.S. banks ‘debanked’ certain businesses and individuals between 2020 and 2023. The nine banks include JPMorgan Chase, Bank of America, Citibank, Wells Fargo, US Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCCs report found that these banks restricted assess to the following industries: oil and gas exploration, firearms, coal mining, private prisons, tobacco, e-cigarette manufacturers, adult entertainment, and digital assets. Punishment for the banks named has not yet been determined, so there is still more to come. This episode reviewed three articles from Banking Dive, The Epoch Times, and S&P Global Market Intelligence.