Court Dismisses Custodia Bank’s Challenge Against Federal Reserve
Submitted by Anonymous (not verified) on Mon, 04/01/2024 - 00:50
In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve Bank of Kansas City (FRBKC) was legally obliged to grant its application for a master account, a critical financial […]