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The Latest Breaking News from OCC

Federal prosecutors subpoena banks over alleged closure of accounts

In this week’s edition of Economy and Society:

Ballotpedia

Optical Cable Corporation: Strong Earnings, But Hurdles Remain

Optical Cable Corporation's stock price upside has been unleashed, but gains may be capped at a critical level as short-sellers pile into the market.

MarketBeat

Optical Cable Q2 Earnings Call Highlights

Optical Cable (NASDAQ:OCC) reported sharply higher fiscal second-quarter sales and profit, with management citing strength in enterprise, data center and severe-duty markets, as well as improved manufacturing leverage. On the company’s fiscal 2026 second-quarter earnings call, President and Chief E

MarketBeat

From analysis to the latest developments in health,
read the most diverse news in one place.

US Market: Fed, FDIC push leaner, risk-focused bank supervision

US financial regulators are enacting significant changes to bank oversight, moving away from detailed paperwork towards focusing on "material financial risks." This overhaul, the most substantial since the 2008 crisis, aims to streamline supervision by reducing reliance on subjective metrics like reputational risk and limiting the use of confidential directives…

The Economic Times

Sheila Cherfilus-McCormick held onto her seat until 50 years and a $5M verdict pried her fingers off one by one

Sheila Cherfilus-McCormick resigned from Congress just minutes before the House Ethics Committee was set to decide whether to expel her. The Florida Democrat stepped down after the committee found she committed 25 ethics violations, including breaking campaign finance laws by funneling disaster relief money into her own election campaign.

The Mary Sue

The Trump administration is blurring the public and private sector workforce, and OPM director Scott Kupor won’t rule out conflict of interest risks

“We got to balance potential risks with potential upside,” Kupor said of potential conflicts of interest in government. “I think you can manage that quite clearly.”

Fortune

Top US banks weigh suing federal regulator over crypto banking rules

Exclusive: Bank Policy Institute, representing lenders such as JP Morgan and Goldman Sachs, argues that new licenses could harm US consumers and financial system

The Guardian - US

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Nancy Mace under House investigation over alleged improper reimbursement requests

Republican is accused of improperly claiming more than $9,000 in funds meant to subsidize housing costs for members of Congress

The Guardian - US

Nancy Mace under House Ethics Committee investigation

Mace is accused of over-billing Congress by nearly $9,500 for costs related to home upkeep.

Axios

House Ethics to investigate Mace on reimbursement practices

Ethics panel says Rep. Nancy Mace is under investigation related to allegations of improper reimbursement for her D.C. lodging expenses.

Roll Call

Rep. Tony Gonzales faces growing Republican calls to resign over alleged affair

The backlash from conservative lawmakers could create headaches for Speaker Mike Johnson.

Axios

World Liberty Financial’s bid for a U.S. bank charter raises new questions about Trump’s crypto conflicts

World Liberty Financial became the latest crypto company to apply for a banking charter from the Trump administration.

Fortune

MAGA congressman’s office under investigation over allegations against chief of staff

Rep. Mike Collins is facing House Ethics Committee probe after his chief of staff was accused of paying intern with whom he was allegedly romantically involved

The Independent UK

US regulators ‘taking seriously’ allegations of bankers’ support for Epstein

Exclusive: It follows calls from US senator Elizabeth Warren to investigate bank executives including ex-Barclays boss Jes Staley

The Guardian - UK

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The Guardian - UK

Elizabeth Warren urges US regulators to investigate Jes Staley ties to Epstein

Exclusive: Senator asks watchdogs to look at whether US bankers, including ex-Barclays boss, aided late sex offender

Benzinga

Peter Thiel, Palmer Luckey, And Joe Lonsdale Backed Crypto-Friendly Erebor Bank Gets Preliminary Nod From Regulator

Erebor Bank, a new crypto-focused financial institution backed by prominent tech investors Peter Thiel, Palmer Luckey, and Joe Lonsdale, received preliminary conditional approval for a national bank charter on Wednesday.

Clever Dude

Top 5 Worst Places to Work, According to Employees

A good job should offer more than a paycheck. It should also provide respect, stability, and a healthy work culture. But according to thousands of employee reviews across major career platforms, not every workplace delivers. Some companies have developed reputations for toxic management, low morale, and relentless burnout. High turnover…

The Guardian - AU

Don Dale detainee isolated for 84 hours and denied food as coercion technique, investigation finds

Children’s commissioner says young Indigenous person kept in isolation for 12 hours longer than permitted under NT youth justice laws because they refused to move cell blocks

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UTMB was the launchpad for HOKA’s Rocket X Trail 'super shoes' – I laced them up to find out more

The Rocket X Trail is the latest innovation from the disruptor brand

Advnture

A sprint finish closes an ultra-competitive CCC race at UTMB finals as Puppi and Młynarczyk throw down 2 of the fastest times ever

The elite field was deep in this year's 100k race as many runners prepare for the World Championships in Spain

Advnture

Jim Walmsley surges past Cristian Minoggio with minutes to go for nail-biting first win of UTMB World Series Finals: "I was definitely running scared all the way to the line”

The 61k race was tighter than expected

HOKA’s trail supershoes take centre stage in Jim Walmsley’s thrilling UTMB OCC comeback

HOKA’s high‑performance Tecton X series once again shines on the trails

Advnture

Jim Walmsley drops off UTMB starting list, reappears on the OCC lineup – here's everything you need to know about next week's finals

With lingering knee issues, it may be no surprise that the trail running champ has opted for a shorter distance

Cycling News

Oceania road champion handover will have to wait until 2026 with search for location and date coming up short

Cancellation for 2025 confirmed with 2024 title holders getting another season in jersey

International Business Times UK

Amid Mastercard-Visa Censorship Fiasco, Trump Hits Back at Financial Giants Over 'Unlawful Banking'

President Trump's Executive Order on Guaranteeing Fair Banking for All Americans seeks to stop banks from denying services based on political, religious, or lawful business activities.

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