Gary Franchi

Gary Franchi

Chief White House Correspondent at Next News Network. Executive Producer and Lead Anchor.

@nextnews
Showing articles by Gary Franchi
FED SLAPS AMERICAN EXPRESS WITH ENFORCEMENT ACTION OVER FAILED MONEY-LAUNDERING DETECTION
Business

FED SLAPS AMERICAN EXPRESS WITH ENFORCEMENT ACTION OVER FAILED MONEY-LAUNDERING DETECTION

The Federal Reserve Board announced an enforcement action against American Express, citing the firm's failure to sufficiently detect and report suspicious activity tied to money laundering. The move raises fresh questions about whether the central bank is serious about holding Wall Street giants accountable — or just going through the motions.

Gary Franchi•5 hr ago · Nov 3, 2:44 AM ET