New York City’s banking commission voted to freeze deposits at Capital One Financial Corp. and KeyCorp’s KeyBank after the two banks failed to submit...
New York City’s banking commission voted to freeze deposits at Capital One Financial Corp. COF and KeyCorp’s KEY KeyBank after the two banks failed to submit required plans showing their efforts to halt discrimination, the city’s comptroller said in a statement on Thursday, alleging that the banks “outright refused to submit required policies.” The comptroller, Brad Lander, also voted against designating Wells Fargo & Co. WFC , PNC Financial Services Group Inc.
” The comptroller, Brad Lander, also voted against designating Wells Fargo & Co. WFC , PNC Financial Services Group Inc.’s PNC PNC Bank and International Finance Bank to hold public funds, that statement said.
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