Samuel Drayton
Samuel Drayton writes for Kredo Review and other Independent Journal publications, covering bank regulation and consumer credit and broker-dealer compliance and FINRA. Reporting under this byline is prepared by the Independent Journal editorial desk from primary sources, with AI assistance, and reviewed under our editorial policy.
3 articles
AML compliance failures cost American Express $350 million
The OCC fined American Express National Bank $350 million over BSA and AML failures tied to about $13 billion of suspected laundering; the Fed issued an order.
Bank trading revenue Q2 2026: OCC reports $21.6 billion
OCC data show bank trading revenue of $21.6 billion in Q2 2026, with derivative notional amounts at $300.5 trillion and four large banks holding 80.2 percent.
Comptroller opposes American Express resolution plan feedback
Comptroller Jonathan Gould voted against joint FDIC and Fed resolution plan feedback for American Express and urged ending 165(d) plans below $250 billion.