Rural/Metro increases banks' MA liabilities, costs.

• Autores: Zoe Thomas
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article focuses on the ruling in the case of Rural/Metro v. RBC, which held the advising bank liable for not disclosing conflicts of interest. Topics discussed include the challenges that banks now face in discussing how they reached their own valuations, and an expected increase in costs as banks look to account for growing liability and the increased risk the additional scrutiny creates.