banks

2 briefs

conflict 2026-05-04

China Just Ordered Its Companies to Ignore US Sanctions. The Banks Are Next.

Beijing used its blocking law for the first time, telling domestic oil refiners not to comply with Treasury sanctions. The move puts Chinese banks in an impossible position ten days before Trump arrives in Beijing.

power 2026-04-17

Trump Is About to Make Banks the Immigration Police.

An executive order requiring banks to collect citizenship data from all customers would turn the financial system into a deportation tool. Bessent says it's reasonable. Immigrant advocates say it creates an underclass with no safe place to keep money.