On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank, Santa Clara, California (“SVB”) and subsequently appointed the Federal Deposit Insurance ...
Harvard took out a $36 million standby letter of credit from Bank of America last month after the Department of Education ...
Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...
The foundation building Washington's Martin Luther King Jr. National Memorial announced yesterday that the Wal-Mart Foundation has provided a $12.5 million letter of credit to help begin construction ...
Oct. 3, 2002 — The Federal Energy Regulatory Commission (FERC) has ordered the California Power Exchange (CalPX) to refund three letters of credit to Constellation Energy Group. CalPX is undergoing ...
A new batch of letters shows how the agency is working every angle to combat fraud in the lucrative tax-credit program — as well as the audit risk for businesses. Small-business owners are receiving ...
This alert is meant to supply some valuable information for landlords that currently hold tenant letters of credit from Silicon Valley Bank (“SVB”). As a result, SVB’s executory letters of credit may ...
Landlords that aren’t engaging in lease negotiations with WeWork can tap letters of credit to cover rent the bankrupt co-working space provider is withholding, the company said in a filing. The brief ...
TRIPOLI, April 18 (Reuters) - Libya's central bank has approved letters of credit for importers worth $2 billion, in an effort to curb "frightening" price increases, the bank said on Wednesday, as the ...
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