Top News

Judge: Banks not on hook to shield businesses from employees who use app to double-deposit checks

Jonathan Bilyk Aug. 9, 2016, 2:17pm

A Lakeview hotel business will not be allowed to press its class action claim JP Morgan Chase should be held responsible for fraud perpetrated by people using Chase’s mobile banking app to double-deposit checks, creating legal and financial headaches for those issuing the checks.

Interest rate swaps class action vs big banks could draw in 'tens of thousands' of public bodies with billions at stake

Scott Holland Feb. 19, 2016, 8:31pm

Two Mississippi and Alabama hospitals and the county that includes the cities of Biloxi and Gulfport, Miss., have squared off in Chicago federal court with many of the country’s biggest financial institutions over so-called interest rate swaps — an issue now impacting governments and other public bodies throughout the country, including Chicago’s public schools system.