Bank of America Hit With $1.2 Billion Penalty After Regulators Flag $5 Billion in Suspicious Activity
U.S. regulators imposed more than $1.21 billion in actions against Bank of America after finding major anti-money-laundering failures and more than $5 billion in late-reported suspicious transactions.
Trump’s New Rule Could Put 18,000 Private Schools’ Tax-Exempt Status at Risk Over Race-Based Programs
A proposed Treasury and IRS rule could threaten federal tax exemptions for as many as 18,000 private schools and colleges using race-based admissions, scholarships or programs.
Treasury Denies G20 Credentials to Reporters From the Times, Journal and Bloomberg—Then Denies Bias
Reporters from three major financial and national newsrooms were denied credentials for a high-stakes G20 meeting in North Carolina.
Bitcoin Broke Above $80,000—Then Slipped Back. Here’s What Fueled the Rally
Bitcoin reached a three-month high above $80,000 before retreating, as a softer dollar, ETF inflows and a major short squeeze accelerated the rally.
America’s Debt Just Blew Past $40 Trillion—And Interest Now Costs More Than Medicare
The U.S. national debt crossed $40 trillion for the first time as interest costs surpass Medicare spending and a new debt-limit fight approaches.