Banking Archive » November, 2011

Banking - November, 2011

271 articles

• New MF Global Trustee Vows 'Efficient' Ch. 11 Path
• 2nd Circ. Speeds Review Of $8.5B BofA Settlement Fight
• CFPB Seeks Public Input On Streamlining Finance Laws
• Goldman CEO Can Be Deposed In Gupta SEC Case: Judge
• FGIC Says Ally Lied To Get Coverage For $4B MBS Sales
• Defunct Bank Reaches $1M Deal To End ERISA Action
• 2nd Circ. Backs Dismissal Of Merrill Lynch Sex Bias Suit
• Inside Rakoff's Rejection Of SEC-Citigroup Settlement
• SolarCity's BofA Loan Keeps Ball Rolling On $1B Project
• EU Moves To Open Up Auditing Market
• OppenheimerFunds Sues WestLB Over Altered Credit Deal
• Fed Names New Banking Oversight Chief
• NY AG Appeals Dismissal Of ARS Suit Against Schwab
• Creating An E-Discovery Process For Google Apps
• JPMorgan, Others Escape Claims They Aided Enron Fraud
• Madoff Feeder Fund Class Action Gets The Boot
• Lehman Creditors Throw Support Behind Ch. 11 Plan
• MF Global Trustee Seeks $2B More In Customer Payouts
• Wachovia Sued Over MBS Sales To Failed Credit Unions
• Judge Unites Oppenheimer Suits Over $2.5B In Loans
• SEC Chief Pushes Bigger Penalties For Fraudsters
• The Changing Scope Of Expert Witness Disclosures
• $200M In Missing MF Global Client Funds May Be In UK
• Santander's Contract Suit Against Ex-Execs Axed
• TD Bank Caused NY High-Rise Builders' Ch. 11: Suit
• Anglo Irish Bank Dodges Hedge Funds' Suit
• Associated Banc-Corp Unit To Exit Overdraft MDL For $13M
• Lehman Unit Says AG Financial Owes $1.4B Contract Fee
• Financial Crusader Barney Frank Won't Seek Re-Election
• HSBC Retools Proposed $62.5M Madoff Settlement
• Bingham Helped Merrill Lynch Rig Trial: $1.2B Suit
• How Oil & Gas Leases Are Affecting Mortgage Lenders
• Senate Eyes CFTC Chairman Amid MF Global Collapse
• HSBC Settles $525M Suit Over PEMGroup Fraud
• 2nd Circ. Weighs Revival Of Goldman Pay Disclosure Suit
• MF Global Trustee Gets OK To Dump Leases
• BankAtlantic Investors Sue To Halt $5.4B BB&T Deal
• SunTrust Wins 1st Round In Schwab Secrets Row
• Federal Law Bars BofA Debit Card Fee Suit: Judge
• RBS Unit Settles Mass. Subprime Claims For $52M
• Out Of Court: Dismissals With Prejudice Under SLUSA
• Rakoff War On Bank Deals May Force SEC's Hand
• CMC Ponzi Suits Sent To Trial After Decade Of Litigation
• Judge Unites Investor Suits Over Citigroup CDOs
• UBS, HSH Compete For Quick End To $500M CDO Suit
• Citi Lending Specialists Win Conditional Cert. In OT Row
• Deutsche Bank Pushes To Kill MBS Fraud Suits
• Morgan Stanley Exits Muni Derivatives Suits For $6.5M
• Silver Oak Says UBS Played Dumb On MediCor Ponzi Plot
• Hungary Probes Banks Over Cartel Activity
• Willkie Farr Kicked From Extended Stay Loan Case
• Citi Shakes Real Estate Mogul Solow's Fraud Suit
• 2nd Circ. Nixes Suit Over BofA's $4B Countrywide Buyout
• First American Won't Get Jury In AG's Home Appraisal Suit
• IndyMac Execs Say FDIC Lost Crucial Docs In Seizure
• HSH Nordbank To Exit Foreign ReFi Market
• The Latest In Fair Lending 'Disparate Impact' Actions
• Fed Unveils New Stress Tests For Top US Banks
• Mortgage Cos. Must Fix Foreclosure Policies By Early 2012
• Ex-Customers Lose Bid For Power In MF Global Liquidation
• Calif. Appeals Court Nixes Suit Over BofA Fee Hikes
• Ex-Merrill Brokers Ask 9th Circ. To Revive Trading Action
• Retailers Sue Fed Over Debit Transaction Fees Cap
• BofA Reaches Deal With Countrywide Settlement Holdouts
• House Calls On Corzine To Explain MF Global Meltdown
• Chase Ends Cardholder Action Over Hidden Fees For $8M
• WestLB Seeks Dismissal Of Banks' $492M Suit
• DOJ Eyes Antitrust Implications Of Debit Card Fees
• MoFo Grabs Katten Financial Services Partner
• First California Suffers Setback In $275M Loan Suit
• GMAC Wants Out Of FCA Suit Over Hidden Home-Loan Fees
• German Bank Confronts JPMorgan Over $2.1B In MBS
• JPMorgan Snags LME Stake From MF Global
• NY High Court Gives Green Light To Inflated-Appraisal Suit
• Allied Health Founder Gets 16 Years For $87M Fraud
• Cevian Capital Takes $85M Stake In Battered Danske Bank
• Countrywide Investors Get Class Cert. In $2.5B MBS Suit
• Keeping An Eye On MF Global Fallout
• TARP Watchdog Terminates Online Mortgage Loan Scams
• MF Global Judge To Consider Creditor Bids For Power
• Wachovia Mortgage Holders Sue Realty Firm For $164.5M
• Gupta Atty Wants Goldman CEO, CFO To Testify At Trial
• Estrella Settles $7M Suit Over Adviser's Loan Commission
• US, Allies Strike At Iran's Energy, Finance Sectors
• Spotlight On The Covered Bonds Bill
• Webster Bank Shells Out $10.5M Over Condo Funding Row
• 2nd Circ. Scraps Capital One Debt Collection Suit
• NY, Del. AGs Allowed To Enter Fray Over $8.5B BofA Deal
• Bear Stearns Settles Workers' Suit Over MBS Investments
• Goldman, Others Hid MF Global's Doomed Debt Bets: Suit
• MF Global Trustee Says $1.2B May Be Missing
• JPMorgan, Customers End Call Recording Action
• BNY Mellon Can't Escape Va. AG's $1B Forex Fraud Suit
• Judge OKs $90M Deal In MF Global Investor Class Action
• Ala. County Bank Creditors Back Sewer System Receiver
• Wells Fargo Off Hook For Ariz. Town's Bond Losses
• Merrill To Settle MBS Action For $315M
• NY HSBC Overdraft Action Preempted By US Laws: Atty
• $12M Sidley Austin Malpractice Suit Came Too Late: Judge
• Reshaping The Future For Reverse Mergers
• FrontPoint's Skowron Gets 5 Years For Insider Trading
• NYSE, Deutsche Boerse Propose Merger Concessions
• Ex-UBS Banker Gets Probation For Aiding Tax Cheats
• SEC Did No Special Favor For Citi In $75M Deal: Report
• Morgan Stanley Fights For TBA Claims In Lehman Dispute
• UBS Unveils Plans For Leaner Investment Bank
• CFTC Struggles To Gain Foothold Amid MF Global Meltdown
• Readying For FINRA Rule 4516
• Schwab Aims To Keep Clients In SunTrust Secrets Row
• Progressive Can't Shake Bank's Ponzi Settlement Claims
• FDIC's $129M Suit Over WaMu Losses Trimmed
• Morgan Stanley Can't Dodge Loan Modification Denial Suit
• PE-Backed Malaysian Fund Eyes Clean Energy In Asia
• Credit Suisse Gets Linens 'N Things Pact Suit Pared
• $520M Released To Some Ex-MF Global Customers
• The Impact Of Privacy On FDIC Resolution Plans
• Virgin Money Snaps Up UK-Owned Bank For £747M
• Housing Lender Buys $2.6B In Bite-Sized Loans From Citi
• CFPB Will Examine Private Student Loan Market
• Airlines Sue To Stop Ex-Im Bank's $3.4B Loan To Air India
• 2nd Circ. Asked To Revive Capital One Debt Collection Suit
• Missing MF Global Customer Funds Remain A Mystery
• Sealing The Deal: Hogan Translates Way To $570M Deal
• Investors Win Class Cert. In IndyMac Securities Suit
• Morgan Stanley Settles SEC Advisory Fee Claims For $3M
• JPMorgan Says Lehman Wind-Down Wasn't 'Fire Sale'
• Lehman Judge Calls For Atty To Advise Workers On Benefits
• A Flawed Approach To The Market Crisis
• CFTC Commissioner Blasts MF Global Repayment Plan
• Judge Says Hilton Can't Change Hotel Name For Now
• Lawmakers Eye Higher FHA Mortgage Loan Caps
• Countrywide Takes MBS Jurisdiction Dispute To High Court
• High Court Asked To Open Up Fed's Bear Stearns Docs
• Judge Won't Send Goldman Sex Bias Action To Arbitration
• Merrill Can't Subpoena Ex-Bosses In Sex Bias Suit: Judge
• JPMorgan Unit Told To Pay $3.6M Over Risky Investments
• EU, S&P Resolve Antitrust Probe Over Identifier Fees
• US Seeks Reduced Sentence For Ex-UBS Tax Cheat
• MF Global Collapse 'Nefarious Or Illegal,' Regulator Says
• EU Aims To Reduce Rating Agencies' Influence
• A Trap For The Unwary Community Banker
• McGuireWoods Aids Falfurrias' Buyout Of Stock Firm
• Judge May Pare Fraud Suit Against Wells Fargo, BNY Mellon
• Ex-MF Global Clients Say JPMorgan Wants Unfair Leg Up
• Verizon, JPMorgan Shake Idearc Class Action In 3rd Circ.
• Citi Employees Get Another Stab At Stock Losses Suit
• US Bank Sues Hilton For Trying To End Hotel's Franchise
• HSBC, NAACP Strike Deal Over Lender Bias Class Action
• Lehman Reaches $1.4B Deal Over Natural Gas Purchase
• Morgan Stanley To End 'Unlawful' NY Foreclosure Practices
• RBS Latest To Exit $5B MBIA Restructuring Suit
• Texas Bank Hits UBS, Others With $113M MBS Suit
• Deutsche Bank, Citi Pay NCUA $165M Over Soured MBS
• Ex-MF Global Employees Sue Over Mass Firings
• Pruco Prevails Over Wells Fargo In Insurance Fraud Suit
• 2nd Circ. Says Merrill's ARS Disclosures Were Up To Snuff
• Anti-Money Laundering Rules For Financial Institutions
• Latham Adds Arnold Bank Regulations Expert
• Evercore Takes $45M Minority Stake In ABS Investment
• Lehman Asks To Settle $7.7B In MBS Suits For $40M
• EU Moves Closer To New Short Selling, CDS Regs
• IKB Goes After Credit Suisse In $215M MBS Suit
• ICE, Customers Sound Alarm Over MF Global Cash
• Gauging The Personal Guaranty For Your Borrower's Loan
• UBS Settles SEC Claims Over 'Locates' For $8M
• DOJ Has HSBC, First Niagara Drop Branches In $1B Deal
• NY Court Upholds ING, Swedbank Win In Foreclosure Suit
• Developer Sues FDIC For $2.4M Over Failed Vegas Project
• Ex-Credit Agricole Analyst Asks 2nd Circ. To Preserve Win
• US Bank Took Shortcuts With MBS Loan Docs: Suit
• FINRA Fines Morgan Stanley $1M Over Markups, Markdowns
• The State Secrets Issue In SEC V. Deloitte
• WhaleShark Lands $150M Capital Boost
• Insurer Sues BofA Over $94M MBS Investment
• Lehman Eyes Sale Of Neuberger Berman Interests
• MF Global Unsecured Creditors Hire Dewey & LeBoeuf
• Lehman Reaches $87M Truce With Hedge Fund
• Diamond Seller Gets 1 Year For Hiding $7M From IRS
• Rakoff Reluctant To Bless $285M Citi, SEC Deal
• Bank's Breach Claim Cut From Spyglass Loan Suit
• Judge Bars New Claim In Citigroup ERISA Class Action
• Solow Says Citibank Prematurely Sold His Collateral
• Changing Landscape: The MiFID II Legislative Proposal
• Judge Clears $12.5M Deal In NetBank Investors' Suit
• MBS Claims Against Goldman Sachs Up 30-Fold To $16B
• Sen. Taps Occupy Protests For Interest Rate Bill
• BofA Forced Excessive Policies On Homeowners: Suit
• Gibson Dunn Snags 2 Corporate Partners In Hong Kong
• JPMorgan Sold Insurance Without Customer Consent: Suit
• MF Global Clients Face Claims Process To Recover Cash
• Deutsche Bank Accused Of Harassing Ex-Associate
• FHFA Wants $550M MBS Case Back In State Court
• BofA Sues NorthStar Unit Over Interest Rate Swap
• JPMorgan Unit Ducks $56M Alliance ARS Suit
• The 2nd Circ. Stance In Citigroup ERISA Litigation
• Wells Fargo Reaches $37M Deal In Bid-Rigging MDL
• Madoff Investors Hit JPMorgan With $19B Class Action
• Chase Settles Credit Agency Fraud Case For $5M
• CFPB To Give Banks Early Warning Of Enforcement Actions
• CIT Pushes For An End To Tyco's Suit Over $794M Tax Deal
• Kirkland Reps Olympus In $755M Pizza Hut Franchisee Buy
• Sen. Eyes MF Global Collapse After CFTC Chief Exits Probe
• Proskauer Adds Skadden Pair To Corporate Group
• Accountants Target HSBC In Overtime Action
• Insurer, Broker Settle Dispute Over $400M Ponzi Scheme
• SEC Defends $285M Citigroup Settlement Over Bum CDO
• PE-Backed Sterling Financial Picks Up Washington Bank
• Citi Pumps $800M Into Private Equity, Hedge Funds
• CFTC Says Silver Market Probe Still Going Strong
• Dems Take Aim At $25B Deal On Flawed Foreclosures
• WaMu Wins 2 More Weeks For Ch. 11 Talks
• Federal Reserve Hacker Gets 10 Years
• Top Legal Talent Take Center Stage In MF Global Suits
• Lawyer Targeting MF Global Sees Massive Case In Store
• For Corzine, Silence Will Not Be Golden
• BNY Forex Rate Scheme Cost Investors Millions: Suit
• DC Circ. Shuts Down Sallie Mae FCA Suit
• Lehman Ch. 11 Plan Faces Objections At Voting Deadline
• Ex-Loan Officers Target PNC Bank In OT Class Action
• The Quest To Create An SRO For Investment Advisers
• CFTC Chief Urged To Exit MF Global Probe Over Corzine Ties
• Fed Pledges Action On Capital, Liquidity Standards
• Regions Gets Subpoenas Axed In Action Over AmSouth Buy
• Union Bank Checks Out Of Overdraft Fee MDL For $35M
• MF Global Trustee Gets Green Light To Subpoena Execs
• Case Study: Lehman V. Bethany Holdings
• Corzine Resigns From MF Global Amid Scandal
• BNP Paribas Unit Hit With $1B Suit From Madoff Trustee
• AmEx Offers $50M To End Currency Fee Claims: Atty
• MoFo Inks Nearly $1B In Real Estate Deals In 1 Week
• Investor Sues MF Global Execs For Alleged Deception
• SunTrust Wants Sanctions For Attys In 'Fabricated' Suit
• Morgan Stanley Can't Shake Asian Investors' CDO Suit
• Dechert Snags Ex-LG Real Estate Finance Pro
• CFTC Head Pledges Action Over MF Global Meltdown
• Bryan Cave Lures 2 Partners For New Frankfurt Office
• US Bank Forced Excessive Policies On Homeowners: Suit
• JPMorgan's Agreement With FDIC Staves Off Mortgage Suit
• Ally To Scale Back Mortgage Business After 3Q Loss
• Loan Officers Say Fifth Third Bank Shorted Them On OT
• Wells Fargo Snaps Up $3B Anglo Irish Loan Portfolio
• Visa, MasterCard, Banks Call Card-Fee MDL Groundless
• US Fights Deutsche Bid To Toss Mortgage Fraud Suit
• State Street Nixed From Waste Co. Workers' ERISA Suit
• CIT Launches Real Estate Unit
• CFPB Head Backs Agency Amid GOP Onslaught
• Hill Tax Proposal Draws Attention To Short-Term Trading
• AXA Rosenberg Settles Coding Error Class Action For $65M
• Commerzbank Sells Frankfurt Office Tower
• Wells Fargo Faces $163M CDO Fraud Suit
• UBS Client Sues Over $109M In 'Toxic' MBS
• JPMorgan Strikes $1.2M Deal In Home Appraisers' OT Suit
• Why You Need To Pay Attention To UDAAP
• Businessman Gets 4 Years For $24M Ex-Im Bank Fraud
• $21B Slashed From Madoff Trustee's UBS, JPMorgan Claims
• MF Global's Debt Bets Ignite Fears Of Global Crisis
• Lehman Ch. 11 Could Provide Roadmap For MF Global
• In MF Global Collapse, SIPC Looks To Familiar Face
• Madoff Trustee Loses Bid To Consolidate Adversary Suits
• Mafia Charged With Looting $12M From Texas Lender
• AGs Strike Fear With Criminal Mortgage Probe
• Citigroup Faces New ERISA Suit Over Stock Drop
• Paper Cos. Ask 7th Circ. To Nix $53M Ruling For JPMorgan
• Watchdog Slams SEC Over Doc Destruction
• How Volcker Affects Private Fund Sponsorship, Ownership
• Banks Start Foreclosure Reviews As Part Of OCC Deal
• Lehman Sells Stake In Va. Real Estate To Goldman
• AGs, Banks Eye Deal On Mortgage Abuse Claims
• HSBC Clinches Venue Change For $70M Due Diligence Suit
• BofA's Bid To Consolidate Bond Insurers' Claims Denied
• Ex-Anglo Irish Finance Director Arrested In Fraud Probe