The federal government announced today clarified rules meant to encourage banking services for legal marijuana businesses in Washington and Colorado. But the so-called guidance from the Justice and Treasury departments likely will not provide enough assurance for banks, said a top executive with the American Banking Association (ABA). Because marijuana remains an illegal dangerous drug under federal…More
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From The Associated Press About four-dozen officers, including police on horses and bikes, escorted about 100 students, union members and other demonstrators who marched from the University of Washington Wednesday afternoon to banks in the nearby University District in Seattle. The demonstrators chanted “Banks got bailed out, we got sold out” as officers separated them from Chase…More
While JPMorgan Chase CEO Jamie Dimon’s appearance in Seattle drew protesters yesterday, his bank retains a strong position in Washington state. As this graphic shows, the four largest banks in Washington state by deposits account for just over half of all bank deposits here. The size of the boxes illustrates the size of each bank’s…More