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24 Apr 2011, 11:48 am
[JURIST] A judge for the US District Court for the Central District of California [official website] on Friday dismissed [order, PDF] Bank of America (BOA) [corporate website] from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide Financial Corporation [NYT backgrounder], a former subsidiary of the bank. [read post]
In our recent NBER working paper, The Evolving Importance of Banks and Securities Markets, we evaluate empirically the changing importance of banks and securities markets as economies develop. [read post]
4 Sep 2023, 9:01 pm by renholding
The defendants moved to dismiss the complaint for failure to state a claim, arguing that a syndicated bank loan is not a “security” under the state securities laws and that a loan syndication is not a “securities distribution. [read post]
22 Dec 2009, 8:00 am by J. Robert Brown
Bank dominated securities markets are those where banks control the primary distribution process. [read post]
3 Jul 2012, 7:45 am by Stephen Waque
The FSRA contains amendments to the Bank Act, clarifying the order of priorities in a situation where multiple security interests, including those under the Bank Act and under a provincial Personal Property Security Act (“PPSA”), are taken with respect to the same collateral. [read post]
21 Mar 2011, 5:00 am by Misty Dalke
  Through its investment banking arm and subsidiaries, RBS had $68 billion in exposure to subprime securities. [read post]
22 Feb 2018, 3:01 pm by Lax & Neville LLP
On February 12, 2018, the Securities and Exchange Commission (“SEC”) instituted an enforcement action against Deutsche Bank Securities Inc. [read post]
8 Aug 2021, 7:01 am by Jessica Davis
Jessica Davis, formerly an intelligence analyst with the Canadian Security Intelligence Service, examines how central bank digital currencies may complicate intelligence and offer a potential tool for illicit actors. [read post]
16 Jul 2012, 11:11 am by Christine Hurt
  My first thought was "Why wouldn't a bank install a $10k security system? [read post]
23 Jan 2014, 11:15 am by Gregory K. Bader
Some of those securities were then packaged into CDOs and sold to banks and other financial institutions, i.e. [read post]
4 May 2011, 11:57 am by James Hamilton
In letters to Congress, the securities and banking industries expressed strong support for legislation that would extend the implementation of the Dodd-Frank derivatives regime by 18 months, which would provide the SEC and CFTC and market participants alike the opportunity to continue thoughtful consideration of the costs, benefits, and potential market impact of the proposed regulations under Title VII. [read post]
30 Apr 2008, 5:10 am
Intertwining of Bank and Securities Activities Strains Risk Management Says Fed Vice Chair KohnIn the wake of the Gramm-Leach-Bliley Act, noted Fed Vice Chairman Donald Kohn, large commercial and investment banks have become indispensable to the efficiency and stability of the securities markets. [read post]
Roughly speaking, licensed banks refinance the loans that they hold on their balance sheets with deposits or interbank borrowing, whereas the shadow banking system refinances securities backed by loan portfolios with quasi-deposits such as money market funds shares. [read post]
28 Feb 2009, 12:06 pm
Security Savings Bank, Henderson, NV Heritage Community Bank, Glenwood, IL Posted in Failed Banks Tagged: Failed Banks, Linkedin [read post]
15 Jul 2011, 4:00 am by Trusts EstatesProf
Robert Weber, an eighty-eight year old World War II veteran, failed to receive $30,000 worth of his Social Security payments after Bank of America gave the same 10-digit account number to two customers. [read post]
7 Sep 2011, 7:47 am by guest-writer
Among those named in the suit were many of the country’s largest banks, including Bank of America, JP Morgan Chase, CitiGroup, and Morgan Stanley. [read post]
13 Sep 2011, 1:35 pm by InternationalLaw Blogger
House of Representatives will hold a hearing on the impact that multi-lateral development banks have on America’s national security. [read post]
20 Dec 2018, 11:54 am by Barbara S. Mishkin
In this week’s episode, Pennsylvania Secretary of Banking and Securities Robin Wiessmann discusses lessons learned from the 2009 financial crisis and concerns arising from today’s market conditions and regulatory environment, shares her views on the OCC’s fintech charter and provides an update on steps that States are taking to relieve regulatory burdens on fintech companies, and explains her agency’s approach to virtual currency. [read post]
3 Dec 2012, 6:31 am by BuckleySandler
The court held that because the bank and the account holder did not agree to a security procedure, the bank could not seek safe harbor protection and reversed the district court’s order. [read post]
21 Aug 2008, 9:32 pm
The New York attorney general Andrew Cuomo said Thursday that regulators had reached settlements with three investment banks â€â [read post]