While at your place of business, you receive an email from a trusted source with an established vendor, notifying you that the vendor’s bank account information has changed. Do you note the change in ...

Rather, the bank remains bound by specific legal obligations, and any failure to fulfill these obligations may render the ...

Is a bank liable if a suspicious activity report it files harms a customer or employee? This is a key question in a legal battle playing out in South Dakota between First Bank and Trust in Sioux Falls ...

NEW YORK, Oct 23 (Reuters) - Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few ...

A Missouri escrow firm that lost $440,000 in a 2010 cyberheist cannot hold its bank responsible, an appeals court ruled this week. The Court of Appeals for the Eighth Circuit’s decision this month ...

Losing gold from a bank locker sounds like a nightmare, and unfortunately, the reality is more complicated than you might think. The short answer: if your gold is stolen, the bank’s liability is ...

What happens when a Bank’s customer loses money due to a fraud perpetrated by an employee of the Bank? What, if any, remedies does the defrauded customer have against the Bank? The Hong Kong Court of ...