#banks

#banks

Positive Money, Tax Justice UK, the Fairness Foundation, Equality Trust and others are campaigning for a windfall tax on banks' accelerating domestic profits. Inflation has yet again raised their takings to record heights for no extra effort, the same inflation that also raises the cost of living. When oil and gas prices soared in 2022, the Tory government set a 35% energy profits levy.

President Donald Trump signed an executive order aimed at preventing banks from denying services to customers based on their political views, specifically targeting what he calls 'politicized' debanking.

The executive order directs regulators to investigate potential violations of the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws. Banks may face fines or penalties if found in violation.