Election 2016

Foreign operatives' alleged use of fraudulent financial accounts to try to influence the U.S. political system shows again how difficult it is for banks to truly know their customers.

The push to empower the territory of Puerto Rico to write down its debts–something supported by the Obama administration, the island’s government, and some Republican leaders in Congress–appeared to gain backing Wednesday from Donald Trump, the likely Republican presidential nominee.

“The problem with Puerto Rico—there’s far, far, far too much debt,” Mr. Trump said in an interview with CNN. “Don’t forget: I’m the king of debt. I love debt… I understand that stuff better than anyone else.”