Banking
Banking Law360 provides breaking legal news and analysis on the banking sector. Coverage includes high-stakes litigation involving banks, as well as federal, state, and international policy developments and corporate deals.
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Latest News in Banking
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August 18, 2017
Banks Shake Singapore Rate-Rigging Claims, For Now
A New York federal judge on Friday partially dismissed a suit alleging more than 20 major worldwide banking institutions rigged Singapore’s benchmark interest rates, saying the investors who brought the case didn’t specifically link all defendants to the alleged conspiracy while giving them time to file a new complaint.
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August 18, 2017
LendingClub Board Accused Of Lying About Internal Controls
A pair of LendingClub Corp. shareholders filed a derivative suit Friday in Delaware Chancery Court, alleging the company’s board breached its fiduciary duties by not ensuring LendingClub had sufficient internal financial controls and lied about them in regulatory filings.
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August 18, 2017
Ex-Summit CEO Gets 8 Years For Investment Fraud Scheme
The former CEO of Atlanta, Georgia-based Summit Wealth Management on Friday was sentenced to eight years in prison after previously pleading guilty to charges of conspiring to defraud investors of more than $24 million dollars.
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August 18, 2017
Puerto Rico Bankruptcy Case Challenge Certified To AG
The U.S. government was asked Thursday if it would like to respond to a Wall Street investor’s court effort to unravel Puerto Rico’s historic insolvency proceedings, in which the creditor hedge fund argues that the members of the federal board representing the commonwealth were unconstitutionally appointed.
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August 18, 2017
Bankrupt Ticket Co. Trustee Seeks Subpoenas For Big Banks
The liquidating trustee of defunct ticket reseller National Events Holdings LLC has begun a long-anticipated investigation into the events surrounding the downfall of the alleged Ponzi scheme vehicle and the disappearance of $70 million, filing a flurry of motions in New York bankruptcy court seeking discovery from seven big banks.
Areas of Coverage
- AGENCIES
- Consumer Financial Protection Bureau
- Fannie Mae and Freddie Mac
- Federal Deposit Insurance Corp.
- Federal Reserve System
- Financial Industry Regulatory Authority
- National Credit Union Administration
- Public Company Accounting Oversight Board
- U.S. Commodity Futures Trading Commission
- U.S. Department of the Treasury
- U.S. Securities and Exchange Commission
- European Central Bank
- UK Financial Services Authority
- POLICY & REGULATION
- Dodd-Frank Act
- Executive compensation regulation
- Online banking and payment rules
- Credit-rating agency regulation
- Financial company lobbying
- International banking regulation and legislation
- LITIGATION
- Antitrust disputes
- Consumer litigation and class actions
- Debit/credit card-related litigation
- Labor and employment disputes
- Mortgage- and foreclosure-related suits
- Predatory and deceptive lending and marketing suits
- Financial privacy issues
- Securitized mortgage disputes
- Shareholder litigation
- Bankruptcy proceedings
- TRANSACTIONS
- Mergers, acquisitions, and joint ventures
- PROFILES
- Personnel moves
- Profiles of banking practices
Readership
- Banking lawyers at top law firms
- Corporate counsel and compliance officers at Fortune 1000 companies
- Executives and attorneys at banks and other financial institutions
- Information experts at law firms, agencies, and companies
- Policymakers at federal and state agencies
- Judges and court staff across the U.S.
- Professors, students, and library staff at every accredited law school in the U.S.
- Attorney and law firm marketing professionals