Supreme Court May Let Banks Freeze Accounts of BankruptsThe Supreme Court heard arguments Tuesday in a case that will determine whether banks may freeze...Seiberg, Jaret
The generation accounts for just 6% of industry assets worldwide, consultant BCG estimates. Morgan Stanley, already the world’s No. 3 private bank by assets, is taking an appropriately long view on capturing this elusive clientele. It’s focusing on the highest-percentage leads, children of ...
Called to account: Why banks must provide basic bank accounts to undischarged bankruptsCitizens Advice Bureau UK
The Supreme Court has given banks the right to freeze the accounts of bankrupt borrowers who default on their loans. Justice Antonin Scalia, writing for a unanimous court, said Citizens Bank of Maryland did not violate the Bankruptcy Code when it froze more than $3,500 David Strumpf held in...
Change in the Law Will Spur on Banks to Offer Accounts to Bankrupts; BBA WELCOMES THE GREATER CERTAINTY FOR ITS MEMBERS