US watchdog investigates major banks for financial service discrimination based on political considerations
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View chart & analysis → - 1The US watchdog reviewed approximately 100,000 complaints and approximately 420,000 pages of documents.
- 2The watchdog stated that nine major banks reflected political considerations and social concerns in their financial service decisions.
- 3Watchdog Director Jonathan Gould said banks should make decisions based on financial risks rather than the political preferences of employees and executives.
So what's the key point?
The US watchdog investigated whether major banks discriminated in financial services for political reasons. It was revealed that banks made decisions based on political preferences instead of financial risks.
Source CNBC · View original ↗
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