The U.S. District Court for the Southern District of New York dismissed allegations that ten of the world's largest banks engaged in two interrelated antitrust conspiracies in the U.S. Treasury securities market.
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A U.S. District Court denied the assertion by a national bank that a state law requiring the bank to pay interest on certain property-related escrow accounts was preempted by the National Bank Act and OCC regulations.
A federal judge dismissed class action charges filed by foreign exchange investors against sixteen banks for allegedly causing indirect harm due to a currency-rigging conspiracy.
The U.S. District Court for the District of Columbia rescinded the Financial Stability Oversight Council's determination that MetLife was a so-called "systemically important financial institution" eligible for enhanced regulatory supervision. The Court found that the determination "hardly adhered to any standard."