Banking

Banking | Finance

Michael J. Tiffany | Leader & Berkon, LLP

In a decision that will resonate in the financial services industry, the Court of Appeals recently reaffirmed the continued application of the “separate entity rule” in New York. In applying this rule, the Court held that a judgment creditor cannot restrain assets located in a foreign...

Banking | Finance

Victor C. Johnson, Zachary Q. Hoard | Dykema Gossett PLLC

Virtual currency companies have sprung up around the world in the last two years. Designed as an alternative to current payment systems, digital currencies, such as Bitcoin, XRP, and Dogecoin, are a way for people to track, store, and send payments over the Internet. While these virtual...

Banking

Jeff Kern, Sarah Aberg | Sheppard Mullin Richter & Hampton LLP

Introduction Rising rents, confusing healthcare laws, and competition from mega-chains are not the only challenges confronting small business owners these days. To this list, add the U.S. government. Small businesses that take in large amounts of cash now have to be extra careful how they bank...