Premier Banking Law News and Insights

On February 9, the Court of Appeals of Ohio issued an order affirming a 2017 bench trial defense verdict forThe Bank of New Mellon ("BNYM") in a lawsuit filed by certain RMBS investors alleging that BNYM had breached its duties as trustee under certain pooling and service agreements. The appellate court, in a...

Read More

On December 31, 2018, the Department of Treasury and Internal Revenue Service released long-awaited proposed regulations (the "Proposed Regulations") that address when modifications to the terms of tax-exempt bonds are treated as an exchange of existing bonds for newly issued (or "reissued") bonds for purposes of section 103 and sections...

Read More

On January 22, 2019, the Financial Industry Regulatory Authority, Inc. ("FINRA") released its annual priorities letter highlighting its regulatory program's points of emphasis for the coming year. The most immediately recognizable difference between this year's edition and previous ones is that its traditional title, "Examination Priorities," has been updated to include "Risk...

Read More