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Focus: Capital One and JPMorgan bet that fighting Trump may be safer than settling

Source: reuters.com

Banking & LiquidityRegulation & LegislationLegal & LitigationElections & Domestic Politics
Focus: Capital One and JPMorgan bet that fighting Trump may be safer than settling

JPMorgan Chase and Capital One are resisting pressure from U.S. President Donald Trump, whom the article says has targeted institutions he views as adversaries. Legal experts and industry sources argue that challenging the pressure may present fewer risks for the banks than compliance. The dispute raises political, regulatory and legal uncertainty for major U.S. financial institutions.

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