Deposits at Capitol One Bank Frozen by NYC’s Banking Commission Amid Insolvency Fears

2 June 2023

On Thursday, for instance, New York City’s Banking Commission took action against Capital One and KeyBank, major banking institutions, for failing to submit anti-discrimination plans to the city. New York City Comptroller Brad Lander announced in a press release that the commission voted to “freeze NYC’s deposits” at both banks. “The headline is a wobbly one, given the recent banking system chaos. But, the detail is oh-so NY,” Eamonn Sheridan commented on Forexlive.

Need help?

Please use the contact form to get support.