Bank of America Faces $1.2 Billion Fine Over Compliance Failures

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The US Treasury Department on Tuesday announced it was imposing a fine exceeding $1.2 billion on Bank of America, citing violations of anti-money laundering and sanctions laws by the bank. The bank, recognised as the second-largest in the US, did Read More …

Trump aims to scrap his signature trade deal

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Six years prior, President Donald Trump proclaimed his US-Mexico-Canada Agreement, or USMCA, as the “fairest, most balanced, and beneficial trade agreement we have ever signed.” Now, as the agreement approaches its review period, Trump indicates his willingness to withdraw from Read More …

Trump Administration to Challenge Court Order on Tariff Refunds

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The Trump administration announced its intention to contest a judge’s authority to mandate comprehensive refunds of all tariffs deemed illegal by the US Supreme Court, which could introduce significant legal uncertainty into an already ongoing claims process. The Justice Department Read More …

Trump Fed Pick Faces Hawkish Committee Limits on Rate Cuts

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President Donald Trump may reveal his nominee for the next Federal Reserve chair as early as this week, indicating that his selection should advocate for substantial interest rate reductions. However, the individual selected will encounter a new policymaking committee — Read More …