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10 Apr 2019, 3:37 am by Charles B. Jimerson, Esq.
Conclusion On Bank Stock Collateral For Loan Securitization All of this is to say that the issue at hand—whether a bank can issue a loan secured by its own stock—has been settled law at both the state and federal levels for decades. [read post]
10 Apr 2019, 3:37 am by Charles B. Jimerson, Esq.
Conclusion On Bank Stock Collateral For Loan Securitization All of this is to say that the issue at hand—whether a bank can issue a loan secured by its own stock—has been settled law at both the state and federal levels for decades. [read post]
10 Apr 2019, 3:37 am by Charles B. Jimerson, Esq.
Conclusion On Bank Stock Collateral For Loan Securitization All of this is to say that the issue at hand—whether a bank can issue a loan secured by its own stock—has been settled law at both the state and federal levels for decades. [read post]
27 Feb 2024, 7:57 am by franchiselawadmin
This is where the Secure and Fair Enforcement Regulation (SAFER) Banking Act, formerly known as the SAFE Banking Act of 2019, comes in. [read post]
27 Feb 2024, 7:57 am by franchiselawadmin
This is where the Secure and Fair Enforcement Regulation (SAFER) Banking Act, formerly known as the SAFE Banking Act of 2019, comes in. [read post]
27 Jun 2008, 8:37 pm
European Central Bank Official Predicts Single Securities Settlement RegimeThe best route to a single cross-border transparent securities settlement system in which real time settlement in central bank money is provided across accounts is the Target2 Securities Initiative. [read post]
10 Sep 2008, 5:25 pm
Bank of America has agreed in principle to buy back auction-rate securities which it sold to certain of its clients as part of a settlement with Massachusetts Secretary of State William Galvin. [read post]
18 Jul 2010, 9:59 am
On July 9, an investment firm that lost $1.2 billion dollars in mortgage backed securities sued Bank of America, Barclays, Credit Suisse, Bear Stearns (now a part of JP Morgan Chase), Citigroup, Goldman Sachs, Morgan Stanley, UBS and Deutsche Bank, in Massachusetts State Court for fraud for selling securities they knew were doomed to fail due to a lack of underwriting and oversight in the mortgage lending industry. [read post]
29 Jun 2011, 10:24 am by Kevin LaCroix
Much would depend on the nature of the coverage the bank has purchased. [read post]
25 Jan 2013, 12:31 am by Kevin LaCroix
” The SEC alleges that Woodard “knew the true state” of the bank’s “rapidly deteriorating loan portfolio,” yet he “worked to hide the problems and engineer the misleading public statements. [read post]
21 Aug 2007, 4:53 am
Landesbank Sachsen Girozentrale, the German state-owned bank getting emergency funding, has about 3 billion euros ($4 billion) in investments linked to U.S. subprime mortgages, according to Bloomberg News. [read post]
3 Oct 2023, 8:00 am by Sherica Celine
Compare differences between states by choosing the topic Data Security Requirements from the drop-down menu of our State Law Comparison Tool. [read post]
17 Apr 2007, 3:56 pm
"Holding that the NBA's "[s]ecurity against significant interference by state regulators is a characteristic condition of the 'business of banking' conducted by national banks, and mortgage lending is one aspect of that business," the Court concluded, in a 5-3 opinion (Justice Thomas not participating) that such security "should adhere whether the business is conducted by the bank itself or is assigned to… [read post]
19 May 2011, 1:42 am by Kevin LaCroix
The complaint further alleges that on May 8, 2009, the company’s auditor, KPMG, met with the FDIC and state banking authorities to discuss the deterioration in asset quality and overall deterioration of UCBH’s financial condition. [read post]
6 Apr 2012, 7:22 am by Mike Nonaka
  Privacy and security are one impediment to consumers' adoption of mobile banking services. [read post]
25 Oct 2012, 12:29 pm
Jennifer Lynn Jackson took out a loan from Arvest Bank to buy the trailer and secured the debt with the trailer; the bank issued a financing statement as Oklahoma law required, but the state also issued a title. [read post]
24 Aug 2015, 5:53 am by Brian Nussbaum
" 3) Centralized Responsibility - and Accountability - For Statewide Cyber Security Efforts, Exceeding State Network Defense New Jersey has created a position that coordinates state level cyber security efforts - not just efforts at state network defense like a state Chief Information Security Officer (CISO) - but a broader position focused on statewide efforts to improve cyber security across the public and private… [read post]
24 Nov 2020, 1:50 pm by Aaron Mackey
In response to these reports, Alfa Bank filed a lawsuit in Florida state court alleging that unidentified individuals illegally fabricated the connections between the servers. [read post]