NY Fed can cut off Puerto Rican bank in Venezuela-related crackdown -US judge
The entrance to The Federal Reserve Bank of New York is seen in New York City, U.S., March 13, 2023....
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NY Fed defends cutoff of Puerto Rican bank after Venezuela-linked crackdown
The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - The Federal Reserve Bank of New York on Wednesday defended its plan to cut off a Puerto Rican lender's access to the U.S. central banking system following a federal crackdown on banks with links to Venezuela.In July, Banco San Juan Internacional (BSJI) sued the New York Fed to halt the looming termination of its "master account," which lets...