BANKING LAW
JURIST legal news archive...




Major banks plead guilty to rigging foreign currency markets
May 22, 2015
Five of the world's largest banks agreed Wednesday to plead guilty to rigging currency markets and to pay over USD $5 billion in penalties to the US Department of Justice (DOJ), along with several domestic and international agencies. Traders from Citicorp, Barclays, the Royal Bank of Scotland, JPMo....... [more]

Supreme Court rules against Maryland personal income tax scheme
May 18, 2015
The US Supreme Court ruled 5-4 Monday in Comptroller v. Wynne that Maryland's personal income tax scheme violates the dormant Commerce Clause. The question before the court was whether the US Constitution prohibits a state from taxing all the income of its residents—wherever earned—by m....... [more]

Afghanistan court sentences 4 to death for mob killing of woman
May 6, 2015
Afghanistan's Primary Court in Kabul sentenced four men to death on Tuesday for the mob killing of a 27-year-old Afghan woman in March. Farkhunda was killed March 19 after being accused of burning a copy of the Koran, although an investigation later determined she never did. The attack was captured....... [more]

Supreme Court rules denial of proposed bankruptcy repayment plan not final action
May 4, 2015
The US Supreme Court ruled Monday in Bullard v. Blue Hills Bank that a bankruptcy court's order denying confirmation of a debtor's proposed repayment plan is not a final order that the debtor can immediately appeal. Chief Justice Roberts wrote the opinion for a unanimous court. In the opinion, the c....... [more]

EU court restricts bans on gay blood donors
April 29, 2015
The European Court of Justice (ECJ) on Wednesday restricted bans on blood donations from homosexual men. Since 1983, France automatically and permanently banned blood donations from all men who had ever had sex with another man, calling it a measure of safety against spreading the HIV virus. This ba....... [more]

EU high court upholds sanctions on Zimbabwe
April 22, 2015
The EU General Court on Wednesday upheld sanctions placed on individuals and companies in Zimbabwe. The action, brought in 2012 by Zimbabwe's Attorney-General Johannes Tomana and 120 other individuals, challenged sanctions first imposed in 2002 as a result of the EU's concerns regarding pre-election....... [more]

Nebraska advances bill to repeal death penalty
April 17, 2015
Nebraska lawmakers voted 30-13 Thursday in favor of legislation that would repeal the death penalty and replace it with life imprisonment in first-degree murder cases. Nebraska currently has 11 men sitting on death row but no way of executing them because its supply of sodium thiopental expired in D....... [more]

Euro bank identifies risks in Greece anti-foreclosure law
April 11, 2015
The European Central Bank (ECB) on Friday released an opinion on Greece's draft law prohibiting the foreclosure of primary residences. Under the draft law, banks are prohibited from auctioning primary residences valued at less than €300,000 (USD $317,580), provided that borrowers meet certain....... [more]

Supreme Court seeks Obama administration position on Iran bank judgment
April 7, 2015
The US Supreme Court on Monday asked for the Obama administration's position on an appeal by the Iranian Central Bank over whether $1.75 billion must be paid to families of the victims of the 1983 Lebanon US Marine Corps barracks bombing. The victims' families were awarded $2.65 billion in 2007 afte....... [more]

Obama signs order imposing sanctions for foreign cybersecurity threats
April 2, 2015
US President Barack Obama on Wednesday signed an executive order to increase penalties against foreign cybersecurity threats. The executive order establishes sanctions against individuals or entities outside the US that engage in "significant malicious cyber-enabled activity." The new sanctions prog....... [more]

Supreme Court hears oral arguments in bankruptcy dispute
March 25, 2015
The US Supreme Court heard oral argument on Tuesday in a pair of consolidated cases involving a dispute over federal bankruptcy laws brought by Bank of America (BOA). The cases, Bank of America, NA v. Caulkett and Bank of America, NA v. Toledo-Cardona, stem from the mortgage bubble and collapse of....... [more]




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