Bank of America Faces Congressional Probe Over January 6 Information-Sharing
In the latest development surrounding the investigation into banks’ handling of customer information during the January 6, 2021, Capitol attack, House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Bank of America. This move is part of a broader inquiry into the information-sharing practices between financial institutions and the FBI. Despite some documents being provided, the bank has yet to share the complete filing submitted to the FBI. The investigation, initiated in May, raises concerns about the delicate balance between national security imperatives and consumer privacy rights, potentially influencing future legislation on data privacy in the financial sector. The outcome of these inquiries could set crucial precedents for the handling and sharing of customer information by financial institutions.
EXCLUSIVE Dyson dumps Malaysian supplier ATA over labour concerns
High-tech home appliance maker Dyson Ltd told Reuters it had cut ties with supplier ATA IMS Bhd (ATAI.KL) following an audit of the Malaysian company’s labour practices and allegations by a whistleblower, sending ATA shares plunging.
