Slate Magazine (blog)Is Postal Banking Already Legal?Slate Magazine (blog)It's this point which, the Inspector General contends, would allow the USPS to potentially dispense banking services immediately, without Congressional approval. The Postal Accountability and Enhancement Act (PAEA) of 2006 put restrictions on offering ...and more »
Telegraph.co.ukEU tables toothless law to tackle mega-banksEurActivToday, the European Commission will outline its proposals for a new law, including a ban on trading by banks using their own funds, which has already been much reduced. It will also suggest isolating other types of trading from the 'safe' side of ...Europe's bid to reform mega- […]
Legal marijuana businesses seek banking solutionsPBS NewsHourAttorney General Eric Holder said Thursday the administration will soon roll out regulations to allow banks to do business with legal marijuana sellers. How will the Department of Justice's decision impact owners of legal marijuana stores and dispensaries?and more »
Cuba enacts new banking law targeting accounts linked to terror, money ...The ProvinceHAVANA - Cuba has enacted a law letting authorities freeze bank accounts found to belong to terrorists or entities linked to al-Qaida or the Taliban. The law says it targets money laundering, terror financing, arms proliferation and other illicit ...and more »
The respondent Bank sought to enforce personal guarantees from the directors of a family business. The directors' acknowledged that the "security in place" included "8 individual personal guarantees of £100,000 each totalling £800,000". A guarantor who wished to make his guarantee dependent on the giving of collateral security had to […]
The holders of seven issues of notes were properly treated as forming a single class for the purposes of directing a meeting to consider a scheme of arrangement of the applicant bank pursuant to section 896 of the Companies Act 2006 .