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Results: 1-10 of 618

‘Special purpose’ accounts not subject to setoff
  • Reed Smith LLP
  • USA
  • June 10 2008

A recent bankruptcy court ruling is a reminder that bank accounts established for certain specific purposes may not be subject to general setoff rights


GOP Senators tell President they will oppose any CFPB nominee until reforms are made
  • Reed Smith LLP
  • USA
  • February 6 2013

On January 31, 2013, 42 Republican Senators joined in a letter to President Obama, warning that they will oppose the confirmation of any nominee to


Tri-party repo market update
  • Reed Smith LLP
  • USA
  • December 3 2012

On November 30, The Federal Reserve Bank of NY released their monthly statistics of the U.S. tri-party repo market


Pennsylvania Supreme Court schedules oral argument in bank shares tax case
  • Reed Smith LLP
  • USA
  • October 25 2012

The Pennsylvania Supreme Court has decided to hear oral argument in the Lebanon Valley Farmers Bank case, and has scheduled the argument for November 27


Are those bankruptcy waivers in your intercreditor agreements effective?
  • Reed Smith LLP
  • USA
  • February 28 2014

If you have negotiated an intercreditor agreement, you are familiar with the lengthy bankruptcy waivers typically drafted by counsel for first-lien


Inbound loans: an opportunity for international banks in the U.S.
  • Reed Smith LLP
  • USA
  • November 18 2013

Foreign and international banks are increasingly presented with opportunities to lend to the U.S. subsidiaries of their foreign clients through their


FDIC issues warning on D&O liability insurance policies
  • Reed Smith LLP
  • USA
  • October 11 2013

On October 10, 2013, the Federal Deposit Insurance Corporation ("FDIC") issued Financial Institution Letter 47-2013 to warn insured depository


States' inaction on derivatives may send state-chartered banks over a risk management cliff
  • Reed Smith LLP
  • USA
  • November 30 2012

Effective January 21, 2013, state-chartered banks will be prohibited from entering into interest rate swaps or other over-the-counter derivatives, unless authorized by their chartering state


Commercial tort claims as collateral
  • Reed Smith LLP
  • USA
  • October 22 2012

For those of you who have always wondered what a "commercial tort claim" is, and what to do when you have one, today's the day you'll get your answer


FINRA excepts intermediary firms from principal approval of certain sales
  • Reed Smith LLP
  • USA
  • March 27 2008

On March 26, 2008, the FINRA (fka NASD) announced approval by the SEC of FINRA's proposal to create an exception from the principal approval requirements for certain previously filed sales material