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Big banks on defense after Fed sides with retailers on debit swipe fees
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What s the fate of bank-nonbank partnerships after true lender vote?
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LGBT neobank Daylight urges banks to let customers use true names
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Industry Groups Back Citi In 2nd Circ. Revlon Transfer Fight
Law360 (May 10, 2021, 9:13 PM EDT) Banking industry groups and other financial services trade associations are warning of costlier and slower payment transactions if the Second Circuit upholds a New York federal judge s decision allowing Revlon Inc. lenders to keep more than $500 million that Citibank NA accidentally wired them last summer.
In friend-of-the-court briefs submitted to the Second Circuit on Thursday, organizations like the American Bankers Association and Securities Industry and Financial Markets Association weighed in to back Citibank s appeal of U.S. District Judge Jesse Furman s Feb. 16 surprise ruling against the bank.
| 0 Evercore Wealth Management today announced the appointment of Alex Lyden-Horn as Managing Director, Director of Delaware Trust Services and Trust Counsel at Evercore Trust Company, N.A. Mr. Lyden-Horn joins Evercore from Christiana Trust Company of Delaware, a wholly-owned subsidiary of WSFS Financial Corporation, where he served as President. Prior to joining Christiana Trust in 2015, he served as Trust Counsel to Commonwealth Trust Company for two years and, earlier, practiced as an attorney. “Alex is a welcome addition to our growing team,” said Chris Zander, CEO of Evercore Wealth Management and Evercore Trust Company. “His professional experience, along with his commitment to