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The bank, which is based in Charlotte, N.C., declined to reveal the number of cards that were withdrawn or the location of the customers.
The city of Albuquerque estimated that compliance with the stringent federal standards that were withdrawn last month would have cost as much as $200 million.
In 2003, the bank won an assignment to manage part of the city's $500 million in cash; later that year, Commerce received deposits of $52.5 million, the indictment said, including some that were withdrawn from a competitor.
American Home has settled 40,000 claims by dieters who opted out of the company's $3.75 billion national settlement of cases filed over diet pills that were withdrawn in 1997 because of concerns about heart and lung damage.
So far, the trustee has sued about a dozen entities and individuals, including overseas hedge funds, seeking about $14 billion in assets that were withdrawn from the Madoff firm before its collapse.
Whether or not those investors suspected the fraud, Mr. Picard is entitled to sue to recover the fictional profits that were withdrawn so that they can be distributed to those whose cash disappeared in the scheme.
Similar(32)
The Challenge also required political support, yet after the 2010 election that was withdrawn.
The handling of products that are withdrawn from usage is one of the big problems emerging in a modern society.
An investor can only keep money that was withdrawn if it was done in good faith.
One of the problems in the management of a dry steam field is the replenishment of the fluid that is withdrawn through production.
Keep in mind, however, that if the funds aren't used for education, any earnings that are withdrawn are subject to ordinary income tax and a 10% penalty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com