The Issue: Mayor Adams’ $53 million program to provide migrants with free prepaid credit cards. Now Mayor Adams is giving prepaid credit cards to illegal migrants (“Land of the Free Lunch,” Feb. 3)?

Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...

In light of the recent turmoil in the banking market, it is a good time for landlords to do some spring cleaning and review any letters of credit being held as lease security. As a general rule, ...

Commercial leases often require tenants to deliver letters of credit instead of cash security deposits. This practice reflects the belief that an L/C gives the owner better security than a cash ...

NEW YORK, April 11 (Reuters) - Credit Suisse and the U.S. Securities and Exchange Commission (SEC) engaged in a months-long debate over the severity of reporting deficiencies that led the Swiss bank ...