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General Dynamics’ largest shareholder cuts stake by about 10% since August 26
Longview Asset Management, the Henry Crown family office and General Dynamics’ largest shareholder, reduced its holding by nearly 10% between August 26 and October 1, selling about $1 billion of stock. In September, the firm accounted for 9.6% of all General Dynamics shares traded, while the stock fell 13% over the same period. The sales stood out as broader markets strengthened, with the S&P 500 rising during that time.
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American Express hit with $350 million OCC fine over suspected trade-based money laundering spanning June 2014 to May 2025
The Office of the Comptroller of the Currency said American Express National Bank processed about $13 billion in suspected trade-based money laundering transactions from June 2014 to May 2025, including activity routed through accounts tied to bank insiders. American Express agreed to pay a $350 million penalty under an OCC consent order after the agency found the bank failed to maintain an effective Bank Secrecy Act and anti-money laundering compliance program.
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