NYC Sues FDIC For $7M Of First Republic's Back Taxes
We have received some records concerning closure our First Republic innovation accout. I was going to share the First Republic records with the list, but have decided to keep quite for now on First Republic until we get a response from NY-DFS concerning the matter. In other news: --- NYC Sues FDIC For $7M Of First Republic's Back Taxes <https://www.law360.com/banking/articles/1793331?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-05&read_main=1&nlsidx=0&nlaidx=3> By Sydney Price New York City sued the Federal Deposit Insurance Corp. in D.C. federal court in the agency's capacity as receiver for failed First Republic Bank, alleging the bank understated its rent and income taxes it owed to the city for several years and now owes more than $7 million. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1793331?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-05&read_more=1&nlsidx=0&nlaidx=3> | Save to favorites » <https://www.law360.com/banking/articles/1793331?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-05&read_later=1&nlsidx=0&nlaidx=3>
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Gunnar Larson