BANKING LAW
JURIST legal news archive...




Supreme Court dismisses securities case
September 30, 2014
The US Supreme Court on Monday dismissed the case of Public Employees' Retirement System of Mississippi v. IndyMac MBS, Inc., a dispute involving the time allowed to file lawsuits claiming false information during the sale of securities. The dismissal means that the decision by the US Court of Appe....... [more]

Former House majority leader subpoenaed in terrorism financing case
September 24, 2014
Former US House Majority leader Eric Cantor has been subpoenaed in a terrorism financing case against Bank of China, media reported Tuesday. Cantor was subpoenaed by the Israel Law Center based on his meeting with Israeli Prime Minister Benjamin Netanyahu discussing why former senior Mossad official....... [more]

US court holds Arab Bank liable to victims of Hamas
September 23, 2014
A jury for the US District Court for the Eastern District of New York on Monday found the Jordan-based Arab Bank liable for providing material support to Hamas. The plaintiffs were 300 victims injured in attacks by Hamas against Israel. The jury found that Arab Bank conducted business with leaders....... [more]

France court rules UBS must deposit guarantee of 1.1 billion euro in tax probe
September 22, 2014
A French appeals court ruled Monday that Swiss bank UBS must deposit a guarantee of 1.1 billion euro in an investigation of charges for aiding in tax evasion for wealthy French customers. In July UBS was put under formal investigation for allegations of laundering the proceeds of tax evasion. French....... [more]

El Salvador ex-president taken into custody ahead of trial
September 21, 2014
Former El Salvador President Francisco Flores was taken into custody on Saturday after a court repealed his house arrest. Francisco is being held as he awaits trial on charges of corruption and embezzling More than USD $15 million, part of which is alleged to have come as aid from the Taiwanese gove....... [more]

An Affirmative Decision for Transgender Marriage in Texas
September 16, 2014
JURIST Guest Columnist Francesca Acocella, Benjamin N. Cardozo School of Law, Class of 2016, discusses the recent decision by the Thirteenth Court of Appeals of Texas to recognize transgender identity in determining the validity of marriage ...Think about all the times you need to show ID: seeing a....... [more]

Evidence of war crimes on both sides of Ukraine conflict: Amnesty
September 8, 2014
Amnesty International (AI) said Sunday that both Ukrainian militia and separatist forces may be responsible for war crimes, with all sides of the conflict showing disregard for civilian lives. AI Secretary General Salil Shetty called on the involved parties to stop all violations of the laws of war....... [more]

Macedonia court finds opposition leader guilty of slandering PM
September 4, 2014
A court in the Republic of Macedonia on Wednesday found Zoran Zaev, the leader of the country's main opposition party, guilty of slandering Prime Minister Nikola Gruevski. According to the private lawsuit filed by the prime minister, Zaev, leader of the Social-Democrat party, falsely claimed that Gr....... [more]

Bank of America reaches $16.65 billion settlement with DOJ
August 21, 2014
The US Department of Justice (DOJ) on Thursday announced a $16.65 billion settlement with Bank of America (BOA) to settle claims that it sold precarious mortgage-backed securities to investors. Of the $16.65 billion, $9.65 billion will be split among federal and state entities while the remaining $7....... [more]

Federal judge approves final settlement in Wells Fargo investment case
August 19, 2014
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys f....... [more]

Euro investors appeal ruling in Argentina debt case
August 16, 2014
Holders of Argentina's euro-denominated bonds filed a notice of appeal Friday of a US District Court for the Southern District of New York's ruling barring the country from making interest payments on the notes until first paying $1.5 billion to a group of hedge funds. Also on Friday the court grant....... [more]




WEBSITES

    FDIC

    Federal Reserve Board

    Comptroller of the Currency

    Financial Crimes Enforcement Net.

    US Treasury Department

    Senate Banking Committee

    House Financial Services Committee

    Bank Lawyers Blog