Court Dismisses Custodia Bank’s Challenge Against Federal Reserve

In a important ruling, a national justice has dismissed Custodia Bank Inc.’s assertion for entitlement to a Federal Reserve maestro 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 assistance its exertion for a maestro account, a captious fiscal […]