See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Big banks mull the unthinkable: suing the Fed

Posted on AllSides January 11th, 2024
From The Left
Semafor/Al Lucca

Big banks have hired one of the country’s top trial lawyers and are preparing to sue the Federal Reserve — a nearly unthinkable challenge — if sweeping new industry regulations aren’t watered down.

Eugene Scalia, the son of the former Supreme Court justice and a well-known conservative litigator, is quietly drawing up a lawsuit seeking to block the proposed rules on behalf of the Bank Policy Institute, a trade group that represents JPMorgan, Citibank, Goldman Sachs, and others, people familiar with the matter said. It would be the first time...

Read full story

AllSides Picks

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right