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Two former bankers lost their Tenth Circuit petition Tuesday challenging an enforcement action that barred them from the banking industry.

Thursday, April 22, 2021 Rarely do corporate officers remain with a single employer for their entire careers, and that is true in banking as well. Relationship managers often move to competitors, and naturally they hope that “their” book of business follows them. Most of these bankers play by the rules governing the relationship with their employer, but not all do. A banker’s former employer historically has been able to resort to civil litigation for relief when the rules are not followed, usually for money damages (sometimes indemnified by the banker’s new employer) but al...