Defrauded lender could not sustain negligence claim against bank because banks do not owe non-customers a duty of care

November 2013
Banking Law Journal;Nov/Dec2013, Vol. 130 Issue 10, p952
The article discusses the Court of Appeals of Arizona's ruling in the 2013 case Gilbert Tuscany Lender LLC v. Wells Fargo Bank which deals with an apparent lack of a duty of care between banks and non-customers and its impact on the ability of a defrauded lender to sustain a negligence claim against a bank. Other topics include allegedly falsified invoices, several sections of the U.S. Bank Secrecy Act, and criminal investigations in America.


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