Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and … Read more
Zoom In IconArrows pointing outwards David Dwayne Cassady, inmate in Georgia. Courtesy: Georgia Department of Corrections A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors … Read more
The Justice Department’s top antitrust official said Friday that Apple shareholders should encourage the company to “compete on the merits,” one day after the government sued the iPhone maker over allegedly anticompetitive practices. “Competition on the merits is good for everybody,” Jonathan Kanter, assistant attorney general for antitrust, said on CNBC’s “Squawk Box.” “Good for … Read more
Former U.S. Attorney General Loretta Lynch wrote a letter to a senior Defense Department official last July on behalf of SZ DJI Technology Co Ltd, asking that her client be removed from a list of Chinese military companies. Alex Wong | Getty Images News | Getty Images When a Chinese drone company came under U.S. government scrutiny over its … Read more
President Biden will issue an executive order Wednesday preventing large-scale transfers of Americans’ personal data to U.S. adversaries, such as Russia, China and Iran. The executive order directs the Department of Justice (DOJ) to establish protections for genomic data, biometric data, personal health data, geolocation data, financial data and sensitive government-related data. “Our intelligence community … Read more
Former U.S. President Donald Trump sits in the courtroom during his civil fraud trial at New York Supreme Court on January 11, 2024 in New York City. Michael M. Santiago | Getty Images Supreme Court Chief Justice John Roberts on Tuesday told Department of Justice special counsel Jack Smith to respond to a request by … Read more
Former U.S. President Donald Trump speaks to the media at one of his properties, 40 Wall Street, following closing arguments at his civil fraud trial on January 11, 2024 in New York City. Spencer Platt | Getty Images Former President Donald Trump does not have presidential immunity from prosecution on criminal charges related to his efforts … Read more
A group of Democratic lawmakers is calling on the Justice Department to pause funding for predictive policing technology unless officials show the tech meets accuracy and effectiveness standards. In a letter released Monday, Sen. Ron Wyden (D-Ore.), Rep. Yvette Clarke (D-N.Y.) and a group of five other senators asked Attorney General Merrick Garland to halt all DOJ … Read more
Andrew Cuomo leaves Il Postino restaurant in Manhattan, New York City on Monday, December 19, 2022. Gardiner Anderson | New York Daily News | Getty Images Former New York Gov. Andrew Cuomo subjected at least 13 women to a “sexually hostile work environment” while he was in office, the Department of Justice said Friday as … Read more
BOSTON (AP) — Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay with stalking, witness tampering … Read more
