OCC says the nine largest US banks engaged in debanking practices

What happened: The Office of the Comptroller of the Currency released a report alleging the nine largest U.S. banks engaged in "debanking," denying financial services based on customers' political or religious beliefs or lawful business activities. Key numbers: OCC reviewed policies from 2020 to September 2025. Trump filed a $5B lawsuit against JPMorgan in January. Why it matters: Comptroller Jonathan V. Gould said he is not confident bank efforts to change will be enough, and the OCC will consider further changes to the regulatory and supervisory framework for the largest banks. Market: -4.8% today ($51.39), -7.1% YTD, 3.5x vol — as of 23:45 UTC Verified: Q3_2026 (Oct 14) EPS $1.08 vs $1.10 est, -2.3% miss; next print ~Jan 13 Coverage: 3 outlets in 24h

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