A congressional investigation has revealed that JPMorgan Chase and other major banks terminated accounts belonging to conservative MAGA-aligned sellers and Democrat-affiliated groups, raising concerns over political discrimination in financial services. The probe, led by House Republicans, found evidence suggesting banks used vague 'risk management' criteria to justify cutting ties with politically active clients. JPMorgan has denied targeting customers based on political views but acknowledged reviewing accounts for compliance with federal regulations.
In other news, OpenAI filed a lawsuit against a former employee, accusing them of stealing confidential files and sharing them with Apple. The suit claims the ex-staff member downloaded proprietary data before resigning. Meanwhile, two cargo ships sank near the Strait of Hormuz under mysterious circumstances, with crews unaccounted for. Authorities are investigating possible sabotage amid rising tensions in the region.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing