February 26, 2015
by Colleen Mallick
Former Guatemalan president Alfonso Portillo was released from a US prison on Wednesday after serving a sentence for taking bribes from Taiwan. Federal prosecutors charged Portillo with using US banks and institutions to launder money. Portillo was arrested in 2010 on embezzlement charges and ...[read more]
February 8, 2015
by Dominic Yobbi
Somalia's prime minister on Sunday appealed to the US government and US banks to resume allowing money transfers to Somalia, a crucial service for many in the war-torn country. Almost all US banks have stopped allowing remittance services to Somalis in the US due to recently enacted legislation ...[read more]
January 21, 2015
by Taylor Gillan
The US Supreme Court ruled unanimously Wednesday in Gelboim v. Bank of American Corp. to reverse the decision of the US Court of Appeals for the Second Circuit. The court's ruling states, "The order dismissing case in its entirety removed Gelboim and Zacher from the consolidated proceeding, ...[read more]
September 30, 2014
by Dominic Yobbi
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 ...[read more]
August 30, 2014
by Nicholas Tomsho
US National Security Council spokesperson Caitlin Hayden announced on Friday that the White House is placing new sanctions on over 30 organizations and individuals with ties to Iran. The sanctions come as the US continues to negotiate with Iran regarding the future of the country's controversial ...[read more]
June 11, 2014
by Peter Snyder
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected Wells Fargo & Co's contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses should bar claims bring in a separate civil ...[read more]
June 6, 2014
by Jaclyn Belczyk
The Islamabad High Court on Thursday ordered the arrest of former Central Intelligence Agency (CIA) official Jonathan Banks for his involvement in a 2009 drone strike that killed civilians. Kareem Khan, whose brother and son were killed in the drone strike in Waziristan, had petitioned the court ...[read more]
May 5, 2014
by Benjamin Minegar
The US Supreme Court ruled unanimously Monday in Robers v. United States that the Mandatory Victims Restitution Act (MVRA) requires restitution calculation based upon the property a lender loses, not upon the collateral the lender receives. In 2005, petitioner Benjamin Robers submitted fraudulent ...[read more]
April 21, 2014
by Jaclyn Belczyk
The US Supreme Court heard oral arguments Monday in two cases. In Republic of Argentina v. NML Capital Ltd. the court heard arguments on whether a hedge fund could subpoena banks for information about Argentina's non-US assets following the country's default on $100 billion in sovereign debt in ...[read more]
March 21, 2014
by Amy Mathieu
The US Court of Appeals for the District of Columbia Circuit on Friday overturned a lower court that struck down the Federal Reserve's cap on how much banks are permitted to charge businesses for debit card transactions. The lawsuit was initiated by a coalition of retail groups that argued that ...[read more]

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