Tag Archives: Bank

Shedding the Status of Bank Holding Company

Posted by V. Gerard Comizio and Nathan S. Brownback, Fried, Frank, Harris, Shriver & Jacobson LLP, on Saturday, August 11, 2018 Editor's Note: V. Gerard Comizio is partner and Nathan S. Brownback is associate at Fried, Frank, Harris, Shriver & Jacobson … Continue reading

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Borrowers, beware: Bank of Canada announces interest rate hike

Recently, Bank of Canada governor Stephen Poloz announced an increase in the interest rate from 1.25% to 1.5%. The increase comes as the Bank of Canada predicts a continued growth in the Canadian economy from exports and business investments. However, … Continue reading

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Update on the OCC’s Initiative for the Special Purpose National Bank Charter

Nineteen months have passed since the Office of the Comptroller of the Currency launched its initiative for fintech companies, specifically asserting the OCC’s authority under the National Bank Act to grant a “special purpose national bank charter.”  In his testimony before … Continue reading

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U.S. Bank and UBS Reach $850M Settlement in RMBS Put-Back Action

  On July 25, 2018, U.S. Bank NA and UBS AG announced they had reached an $850 million settlement in connection with a dispute over loans in three residential mortgage-backed securities trusts. U.S. Bank filed suit against UBS in the … Continue reading

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Bank May Seek Attachment On Unsecured Guaranty Even If Principal Loan Is Secured

Question: May a Bank who made a construction loan secured by real property seek a right to attach order and writ of attachment against a third party guarantor on its unsecured guaranty security? Answer: Yes, according to the Fourth District … Continue reading

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