Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has opened a new front in his long war with the tax authorities, filing a $10 billion lawsuit that accuses the federal government of failing at the most basic promise of the tax system: keeping personal returns secret. The complaint, lodged in Miami federal court, targets the Internal Revenue Service and the…
Neil Young has turned a long simmering political stance into a direct confrontation with some of the world’s biggest tech and telecom brands, accusing them of bankrolling President Donald Trump and what he calls “The Regime.” His latest moves target Apple and Verizon, but they sit inside a broader campaign to pull his money, his…
Debanking, once an obscure industry term, is suddenly at the center of a high-stakes political and legal fight. President Donald Trump has filed a multibillion-dollar lawsuit accusing one of the world’s largest banks of using account closures as a weapon against him. The case turns a technical question about risk management into a test of…
Deputy Attorney General Todd Blanche is facing a formal ethics complaint that cuts to the heart of how the Department of Justice polices the fast‑moving world of cryptocurrency. At issue is whether the official overseeing key financial crime cases could fairly regulate an industry in which he personally held a significant stake while also serving…
Jamie Dimon has spent years cultivating a reputation as the ultimate establishment banker, the person corporate America calls when it wants a steady hand in a crisis. Now he is discovering what it looks like when that steady hand points directly at the sitting president and says no. The clash between the JPMorgan chief and…
President Donald Trump has opened a new front in his long running clash with Wall Street, filing a $5 billion lawsuit that accuses JPMorgan Chase and its chief executive of punishing him for his politics. The complaint centers on the bank’s decision to close accounts tied to Trump and his businesses in early 2021, a…
President Donald Trump’s latest financial disclosure shows he has placed up to $2 million into bonds tied to Netflix and Warner Bros. Discovery, just as a potential merger between the two media giants lands on his regulatory agenda. The timing and scale of those moves have revived long‑running worries that his personal portfolio could collide…
President Donald Trump is escalating his long‑running feud with major institutions by vowing to sue JPMorgan Chase for what he describes as politically motivated “debanking” after the January 6 attack on the U.S. Capitol. He is casting the threatened case as a test of whether powerful financial firms can quietly cut off access to money…
President Donald Trump moved quickly into the debt of two of Hollywood’s biggest players, buying corporate bonds from Netflix and Warner Bros. Discovery just after their $83 billion megadeal was unveiled. The purchases, worth at least $1 million and potentially closer to $2 million, dropped the sitting president directly into the capital structure of companies…
World Liberty Financial’s quiet march toward a federal bank charter has turned a niche crypto experiment into a live test of how far a sitting president’s business interests can reach into the regulated banking system. The firm’s push to become a trust bank is colliding with unresolved questions about conflicts of interest, regulatory independence, and…