Bloomberg Business

Treasury Officials Warn Banks Over Sanctions Compliance Overkill

(Bloomberg) — Top US Treasury Department officials plan to make the rounds in 2023 to address what they see as a troubling pattern when it comes to sanctions and other forms of risk: Banks are being overcautious and turning away customers who may need them the most.

US Rejects Oil Offers in First Attempt to Replenish Stockpiles

The Biden administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with the matter.

Trump, His Company and Kids Ordered to Face NY Fraud Suit

A judge denied a request by Donald Trump, his company and three of his children to toss out New York’s $250 million lawsuit accusing them of deceiving banks and insurers for years about the value of the former president’s assets — keeping the case on track for trial in October.

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