Class action launched after historic Silicon Valley Bank collapse
The collapse of Silicon Valley Bank in the US sent shockwaves through the technology industry, worried depositors and concerned global onlookers, in the second-largest bank…
The contractual effect of the code of banking practice
Controversy has raged in the banking industry as to whether the Code of Banking Practice, a voluntary code of conduct to which most banks adhere,…
Lenders beware: failing to assess a borrower’s repayment ability may let a guarantor off the hook
Where a lender agrees to incorporate the Banking Code in lending instruments, not only borrowers but guarantors may escape liability if that duty is breached….