Banking & Finance Law Overview
Banking & Finance Law Resources
Related Practice Areas
In the United States, banking and finance law applies to those individuals and institutions that lend or borrow money. Lenders typically include banks, leasing companies, finance companies and other financial institutions. Borrowers are individuals, corporations, institutions or the government. Because financial transactions touch a broad range of business activities, issues in banking and finance law often intersect with complex business, corporate and real estate law. Significant areas of banking and finance law also include bank regulation, loans, acquisition finance, real estate finance and international banking transactions.
Show Extended SummaryDockets 
- Chase Bank USA, N.A. v. Allegro Law, LLC et al
New York Eastern District Court
Banks and Banking
Filed: October 3, 2008
Plaintiff: Chase Bank USA, N.A. Defendant: Allegro Law, LLC, Keith Anderson Nelms, Americorp, Inc.
(October 2, 2008) - RYH Properties LLC et al v. West et al
Texas Eastern District Court
Securities/Commodities/Exchanges
Filed: October 3, 2008
Plaintiff: RYH Properties LLC, Greg Y Henry Defendant: Bruce R West, Sr, Bruce R West, Jr, JR Realty Corp, D Aaron Buck, Laura Sinclair Manning and others...
(October 2, 2008) - Giant Trading, Inc. et al v. International Fuel Technology, Inc. et al
Florida Southern District Court
Securities/Commodities/Exchanges
Filed: October 2, 2008
Plaintiff: Giant Trading, Inc., David R Friedland, magnum Select Fund, LTD, Magnum Growth Fund, Brett Friedland and others...; Defendant: International Fuel Technology, Inc., Jonathan R Burst, Rex Carr, Harry Demetriou
(October 1, 2008) - Bankruptcy Management Solutions, Inc. et al v. Goldman Sachs Group, Inc. et al
New York Southern District Court
Securities/Commodities/Exchanges
Filed: October 2, 2008
Plaintiff: Bankruptcy Management Solutions, Inc., Bankruptcy Management Solutions, Inc., OCWEN Financial Corporation, OCWEN Financial Corporation Defendant: Goldman Sachs Group, Inc., Goldman Sachs & Co.
(October 1, 2008) - Bamburg et al v. Axis Onshore L P et al
Louisiana Western District Court
Securities/Commodities/Exchanges
Filed: October 2, 2008
Plaintiff: Milton Bamburg, Gettie Sue Bamburg; Defendant: Axis Onshore L P, T D E Subsidiary G P L L C, Tridimension Energy L P, T D E Operating G P L L C, Stanley Cooper and others...
(October 1, 2008)
Legislation 
- Bill Sent To President: H.R.1424 Emergency Economic Stabilization Act of 2008
A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
October 03, 2008: Presented to President.
(October 1, 2008) - Bill Introduced: H.R.6853 Nationwide Mortgage Fraud Task Force Act of 2008
A bill to establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Coordinator to address mortgage fraud in the United States, and for other purposes.
(September 7, 2008) - Bill Introduced: S.3445 Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2008
An original bill to impose sanctions with respect to Iran, to provide for the divestment of assets in Iran by State and local governments and other entities, to identify locations of concern with respect to transshipment, reexportation, or diversion of certain sensitive items to Iran, and for other purposes.
(July 30, 2008) - Bill Introduced: S.3372 Saver's Bonus Act of 2007
A bill to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns.
(July 29, 2008) - Bill Introduced: S.Res.642 A resolution to authorize the production of records by the Permanent ...
A resolution to authorize the production of records by the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs.
(July 29, 2008)
Regulations 
- Rule - Regulation D, Reserve Requirements of Depository Institutions
Federal Reserve System
Rule
Regulation D, Reserve Requirements of Depository Institutions,
59482-59486 [E8-24003]
FEDERAL RESERVE SYSTEM 12 CFR Part 204 [Regulation D; Docket No. R-1334] Reserve Requirements of Depository Institutions AGENCY: Board of Governors of the Federal Reserve System. ACTION: Interim final rule; request for public comment. SUMMARY: Under authority of section 128 of the Emergency Economic Stabilization Act of 2008, the Board is amending Regulation D, Reserve Requirements of Depository Institutions, to direct Federal Reserve Banks to pay interest on balances held at Reserve Banks to... [read document]
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(October 8, 2008) - Rule - Rules of Practice for Hearings
Federal Reserve System
Rule
Rules of Practice for Hearings,
58031-58032 [E8-23527]
FEDERAL RESERVE SYSTEM 12 CFR Part 263 [Docket No. R-1333] Rules of Practice for Hearings AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors of the Federal Reserve System (the Board) is amending its rules of practice and procedure to adjust the maximum amount, as set by statute, of each civil money penalty (CMP) within its jurisdiction to account for inflation. This action is required under the Federal Civil Penalties Inflation... [read document]
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(October 5, 2008) - Rule - Foreign Issuer Reporting Enhancements
Securities and Exchange Commission
Rule
Foreign Issuer Reporting Enhancements,
58300-58327 [E8-22760]
Part II Securities and Exchange Commission 17 CFR Parts 230, 239, et al. Foreign Issuer Reporting Enhancements; Final Rule SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230, 239, 240 and 249 [Release Nos. 33-8959; 34-58620; International Series Release No. 1310; File No. S7-05-08] RIN 3235-AK03 Foreign Issuer Reporting Enhancements AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: We are adopting a number of amendments to our rules relating to foreign private issuers... [read document]
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(October 5, 2008) - Rule - Reserve Requirements of Depository Institutions
Federal Reserve System
Rule
Reserve Requirements of Depository Institutions,
57488-57490 [E8-22944]
FEDERAL RESERVE SYSTEM 12 CFR Part 204 [Regulation D; Docket No. R-1297] Reserve Requirements of Depository Institutions AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board is amending Regulation D, Reserve Requirements of Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2009. The Regulation D amendments set the amount of total reservable liabilities of each depository... [read document]
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(October 2, 2008) - Rule - Item 407 of Regulation S-K; Technical Amendment
Securities and Exchange Commission
Rule
Item 407 of Regulation S-K; Technical Amendment,
57237-57238 [E8-23057]
SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 229 [Release Nos. 33-8961; 34-58656] Technical Amendment to Item 407 of Regulation S-K AGENCY: Securities and Exchange Commission. ACTION: Final rule; technical amendment. SUMMARY: The Securities and Exchange Commission (``Commission'') is making a technical amendment to Item 407 of Regulation S-K. The technical amendment updates a reference to Independence Standards Board Standard No. 1 (``ISB No. 1''), which was previously adopted by the Public... [read document]
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(October 1, 2008)
Government 
- Notice - Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
Chicago Board Options Exchange, Inc.,
60370-60371 [E8-24120]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-58735; File No. SR-CBOE-2008-104] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Temporary Membership Status and Interim Trading Permit Access Fees October 6, 2008. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on September 30, 2008, the... [read document]
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(October 9, 2008) - Notice - Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ OMX PHLX, Inc
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
NASDAQ OMX PHLX, Inc.,
60375-60377 [E8-24119]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-58733; File No. SR-Phlx-2008-67] Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by the NASDAQ OMX PHLX, Inc. Relating to Clarification Regarding Capitalization-Weighting of Indexes October 3, 2008. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'')\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on September 29, 2008, the NASDAQ OMX PHLX, Inc. (``Phlx''... [read document]
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(October 9, 2008) - Notice - Self-Regulatory Organizations; Proposed Rule Changes: National Stock Exchange, Inc
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
National Stock Exchange, Inc.,
60377-60378 [E8-24118]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-58731; File No. SR-NSX-2008-17] Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Exchange Rule 16 and NSX Fee Schedule Concerning Liquidity-- Adding Rebates and Market Data Credits for Order Delivery Transactions October 3, 2008. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act'')\1\ and Rule 19b-4 thereunder,\2\ notice is... [read document]
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(October 9, 2008) - Notice - Self-Regulatory Organizations; Proposed Rule Changes:
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
60380-60382 [E8-24181]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-58736; File No. SR-NYSE-2008-91] Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by New York Stock Exchange LLC To Adopt a Policy Relating to its Treatment of Trade Reports That It Determines To Be Inconsistent With the Prevailing Market October 6, 2008. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Exchange Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on September... [read document]
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(October 9, 2008) - Notice - Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that ...
Federal Reserve System
Notice
Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities,
60285-60286 [E8-24174]
FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a... [read document]
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(October 9, 2008)
Articles 
- Pathways for Women to Obtain Positions of Organizational Leadership: The Significance of ...
Duke Journal of Gender Law & Policy, Forthcoming, Ross School of Business Paper No. 1117 Cindy A. Schipani , Terry Morehead Dworkin , Angel Kwolek-Folland and Virginia G. Maurer University of Michigan - Stephen M. Ross School of Business , Indiana University Bloomington - Office for Women's Affairs , University of Florida and University of Florida Date Posted: October 13, 2008 Last Revised: October 13, 2008
(October 12, 2008) - Taxing Service Partners to Achieve Horizontal Equity
Tax Lawyer, Vol. 46, pp. 19-41, 1991 Henry Ordower Saint Louis University - School of Law Date Posted: October 6, 2008 Last Revised: October 12, 2008
(October 11, 2008) - Shareholder Activists Avant La Lettre: The Complaining Shareholders in the Dutch East India Company
Matthijs de Jongh Research department of the Supreme Court of The Netherlands Date Posted: September 29, 2008 Last Revised: October 12, 2008
(October 11, 2008) - The Decentering of the Global Firm
Mihir A. Desai Harvard Business School - Finance Unit Date Posted: October 7, 2008 Last Revised: October 12, 2008
(October 11, 2008) - Earnings Management and Culture: An International Comparison of the Banking Industry
Christian E. Castro and Kurt A. Desender Autonomous University of Barcelona and Autonomous University of Barcelona - Faculty of Economics and Business Studies Date Posted: October 12, 2008 Last Revised: October 12, 2008
(October 11, 2008)
News 
- Warren Resources Announces Los Angeles Zoning Administrator Makes ...
MarketWatch - 1 hour ago
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities ...
(October 12, 2008) - Perfect World Announces Share Repurchase Program
IT News Online, India - 2 hours ago
... subject to the restrictions relating to volume, price and timing under applicable law, including Rule 10b-18 under the Securities Exchange Act of 1934. ...
(October 12, 2008) - Accounting Firm SingerLewak Expects a Rise in Governance, Risk and ...
International Business Times, NY - 3 hours ago
To provide historical perspective, Mr. Snyder recalled the lack ofenthusiasm that greeted Sarbanes-Oxley controls immediately followinglegislation mandating ...
(October 12, 2008) - Accounting Firm SingerLewak Expects a Rise in Governance, Risk and ...
SYS-CON Media, NJ - 4 hours ago
To provide historical perspective, Mr. Snyder recalled the lack of enthusiasm that greeted Sarbanes-Oxley controls immediately following legislation ...
(October 12, 2008) - Tradequest Outlines Strategic Plan
CNNMoney.com - 1 hour ago
This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the ...
(October 12, 2008)
Blog Posts 
- Posted: The "SEC Enforcement Manual"
/**/ Posted: The "SEC Enforcement Manual" Last week, the SEC Staff posted a 129-page Enforcement Manual. I believe that this document is new and not something the Staff has been sitting on behind closed door - although I don't think the content itself is anything new. It's a great idea since it seems to pull together all of the key Enforcement positions and policies in one place. I'm not sure why the SEC made it public, but I'm glad they did. Gibson Dunn has written this memo summarizing some...
(October 12, 2008) - "Barking Madness" or How Excessive Ambition Kills
John Helyar, co-author of the well known Barbarians at the Gate and an editor-at-large at Bloomberg News in Atlanta, wrote a concise history of how we arrived at the current financial "king-hell combination of Hurricanes Gustav and Ike," published in the November 2008 issue of Bloomberg Markets. Helyar begins his opinion piece with the observation that there is just one thing wrong with the genius of capitalism: it occasionally veers off into "barking madness." This is a time in which we find...
(October 11, 2008) - Corporate Fraud Initiative—Bad for Colorado Companies or Good for Colorado Investors? (Part 4)
The proposal to extend criminal liability to officers for corporate violations has been withdrawn. It arises, however, out of a frustration that corporate officers ought to be more responsible for the actions of the company. The reality is that civil liability against the company and the responsible individuals ought to provide sufficient incentive to ensure that legal violations did not occur. Officers and directors would know that their net worth would be impaired if they were found...
(October 11, 2008) - Australian government guarantees Australian bank, building society and credit union deposits
The Prime Minister has announced the Australian Government will guarantee all deposits of Australian banks, building societies and credit unions and Australian subsidiaries of foreign-owned banks. The guarantee applies to all types of deposits, regardless of the type of account through which the deposit is made. For example, it includes savings accounts, passbook accounts, cheque accounts, pensioner deeming accounts, term deposits, mortgage offset-accounts, farm management accounts, first home...
(October 11, 2008) - Time to Buy
As mentioned in previous posts, I'm no economist or prognosticator. And many who are way smarter than I am make a living advising people about how to invest to make the most over time. But there is one thing I have observed in nearly 50 years of existing on this planet. The stock market goes up. Then it goes down. Repeat. Over and over. And, as I have said before, long term investing in equities always outperforms almost any other method of investing. I can't provide data, charts and true...
(October 11, 2008)