bank liability News

JPMorgan Must Face Discrimination Claim by Arab-American Family Business

An Arab-American family whose business and personal bank accounts were closed in 2014 without explanation can sue JPMorgan Chase for racial discrimination, a federal judge in Detroit has ruled. Filed in February, the lawsuit by Najah Manni, his wife Kathy …

Bankers to Be Held Personally Liable for Sanctions Violations: U.S. Treasury

The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with recently declared intentions also to hold individual bankers …

U.S. Judge Puts New Lawsuits Against Banks Over Libor on Hold

A federal judge on Wednesday suspended several new lawsuits that allege banks rigged key interest rates, saying she first needed to sort through the issues in an earlier round of related lawsuits. U.S. District Judge Naomi Reice Buchwald said from …