Tag: Banking

FDIC Fights Back Against Former First Republic Employees’ Lawsuit

bharatkashyap6969
December 20, 2023
Categories: Blog
Tags: Advisor and Core, Advisor News, Advisor Retirement, Banking, Banking/Credit, C&E Executive News Filter, C&E Industry News Filter, Commercial Banking, Content Types, corporate, corporate crime, Corporate Crime/Legal Action, Corporate Financial Difficulty, Corporate/Industrial News, credit, Crime, Crime/Legal Action, Factiva Filters, Financial Investment Services, Financial Services, Financials, general news, government policy, industrial news, investing, Investing/Securities, legal action, Personal finance, political, Political/General News, private banking, Private Banking/Wealth Management, Regulation, Regulation/Government Policy, Retirement Planning, securities, SYND, wealth management

[ad_1] The Federal Deposit Insurance Corporation is fighting back against a lawsuit brought by nearly 170 former employees of First Republic Bank who are seeking to recover retirement funds they had deposited in a trust set up by the failed lender. The FDIC is arguing that the federal court where the lawsuit was filed earlier this month doesn’t have the authority to grant the temporary restraining order the plaintiffs are seeking, and even if it did, the plaintiffs have failed to make a compelling argument that they would eventually… [ad_2] Source link