Reuters: Regulatory News: CFTC sues US Bancorp's U.S. Bank N.A. over Peregrine funds

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

CFTC sues US Bancorp's U.S. Bank N.A. over Peregrine funds Jun 5th 2013, 15:34 WASHINGTON, June 5 | Wed Jun 5, 2013 11:34am EDT WASHINGTON, June 5 (Reuters) - The Commodity Futures Trading sued U.S. Bancorp's U.S. Bank N.A., accusing it of unlawfully holding customer funds from Peregrine Financial Group, the futures brokerage that collapsed in July 2012. The CFTC complaint alleges that U.S. Bank N.A. used Peregrine's customers' funds as security on loans and improperly held customers' funds in an account that it treated as Peregrine's commercial checking account.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions