The court rejected Custodia Bank’s challenge to the Federal Reserve.
In a landmark ruling, a federal judge has rejected Custodia Bank Inc.'s request for rights to the Federal Reserve's master account, which the Wyoming-based depository institution has blocked. Custodia Bank argued that it had a legal obligation to file its application for a master account at the Federal Reserve Bank of Kansas City (FRBKC), a critical financial institution. […]
