Banking Archive » December, 2011

Banking - December, 2011

236 articles

• SEC Backs Lehman Trustee In $1.3B Barclays Asset Appeal
• CORRECTED: KPMG, Investors Reach Settlement In Countrywide Suit
• Wells Fargo Accused Of Deception In Loan Modifications
• FCRA Preempts State Law Claims Against Chase: 2nd Circ.
• US Bancorp Ends Check Tech Fight With Licensing Co.
• Visa Sets Aside $1.6B For Antitrust Litigation
• Parmalat Ponders Appeal After Latest Loss To Citigroup
• Rothstein Says TD Bank Could Have Stopped His Scheme
• MF Global Trustee Reveals Clash Over UK Funds
• BofA Plan Participants Ask 4th Circ. To Revive Case
• 121 House Members Ask For Delay On Volcker Rule
• HSBC, Nomura Targeted Over $99M In MBS Trust Losses
• Tyco Prevails In Fight With CIT Over $190M Claim
• Lehman, Merrill Reach Deal In Mortgage Bond Face-Off
• Citigroup Loses Bid To Overturn $54M FINRA Ruling
• Lone Star Buys Lloyds' $1.4B Real Estate Debt Portfolio
• BNY Mellon Shells Out $1.3M To Stave Off Bid-Rigging Probe
• Watchdog Skewers Ernst & Young In Latest Audit Probe
• US Settles WaMu Savings, Loan Claims For $50M
• Madoff Fraud Claims Against Santander Survive
• JPMorgan To Hand NextEra $209M For Calif. Wind Farms
• BofA, Merrill Settle Senior Specialists' OT Action
• 5th Circ. Reinstates Woodforest Bank Race Bias Suit
• Renaissance Asset Managers Buys $252M Griffin Fund
• Sen. Grills CFTC Chief Over MF Global Collapse
• FINRA Fines Barclays $3M For Subprime RMBS Errors
• Zell's $1.3B Bid For Archstone Survives Lehman Challenge
• Lehman Drops $200M Loan Suit Against Bethany
• Merrick Exits $60M Credit Card Data Breach Suit
• The CFPB Standstill: Consumers Vs. Taxpayers
• How New Bankruptcy Rules Affect The Mortgage Industry
• Wells Fargo Wrongly Redeemed $837M In Securities: Suit
• E-Trade To Settle Securities Class Actions For $79M
• Homeowner's Predatory Lending Suit Against Citi Revived
• MF Global Won't Tap Newly Bankrupt Units For Cash
• NY Pension Funds Push Goldman, JPMorgan On Clawbacks
• US Told To Redo $1B Deutsche Bank Mortgage Suit
• Deutsche Bank REIT Sells $520M NoCal Portfolio
• Deutsche Bailed On Madoff Debt Deal: Feeder Funds
• BofA, Servicing Firm Face RICO Claims Over Loan Reports
• BofA To Pay $335M In Countrywide Discrimination Deal
• BMO Harris Bank Settles Overdraft Fee Suit For $9.4M
• EU Bank Gives Nottingham $172M For Light Rail Buildout
• Audit Watchdog Identifies More Errors At Deloitte
• HSBC Sells Japanese Private Banking Unit To Credit Suisse
• Fortress CEO Takes Leave To Battle SEC Suit
• Morgan Stanley Securities Suit Heads Back To State Court
• No Default Judgments Allowed In Quiet Title Cases: Court
• JPMorgan Presses To Depose Lehman's European Director
• FTC Veteran To Lead Financial Practices Division
• Judge Denies WaMu Bid To Nix $49M MBS Claim
• Only Noteholders Can Sue Over $24M CDO Sale: REIT Atty
• JPML Consolidates 44 Tribune Clawback Suits
• French Bank BPCE Sheds Moroccan Lending Arm
• Fed Proposes Tougher Risk Rules For Big Banks
• NY Court Nixes Martin Act Defense In $533M JPMorgan Suit
• Akamai, Deutsche Bank Settle $217M Suit Over ARS
• Dexia To Sell Luxembourg Unit To Qatari Fund For $954M
• In The Aftermath Of MF Global
• US To Pay Meritor Shareholders $276M After 19-Year Fight
• 5th Circ. Revives Whistleblower Suit V. Credit Union
• 2nd Circ. Revives Goldman Pay Disclosure Suit
• Wells Fargo Nabs Bank Of Ireland Lending Unit For $900M
• Wells Fargo Force-Placed Home Insurance Action Nixed
• NY AG, FHFA Inspector To Share Info In Mortgage Probe
• Judge Questions $629M Credit Union Suit Over MBS
• Mining Co. Gets $85M Financing For Tungsten Pit
• NY Developer Sues Over Wall Street Tower Conversion
• UK Vows Bank Structure Reforms By 2015
• 2nd Circ. OKs SWIFT Terrorism Financing Probe Disclosures
• 15 Percent Tier 1 Leverage: Undercapitalized?
• Clay Capital Exec Cops To $4M Insider Trading Scheme
• Simon Mall Refinances $83M Loan With Deutsche Bank
• Mizuho Supplies $250M For Sharp Unit's Solar Projects
• House To Hold Hearing On SEC Settlement Practices
• USBNA Says AMR Debtholders Need More Transparency
• Developer's Suit Over One Madison Park Loan Shot Down
• Visa Probes Security Breach At European Processsor
• Fund's Madoff-Related Claims Against HSBC Get The Ax
• Weil Adds Banking Partner From Gide To Paris Office
• 3 Found Guilty Of $100M Las Vegas Mortgage Fraud
• Credit Agricole Proposes Sale Of Private Equity Unit
• Ex-Fannie, Freddie Execs Look To Disclosures For Defense
• Case Study: Residential Funding V. Saurman
• Corzine Denies Knowing Of Improper MF Global Transfer
• Lehman Sues BofA, Barclays To Halt Archstone Sale
• Milbank Steers Lenders On $692M Brazilian Drillship Deal
• Citi To Appeal Arbitration Denial In FLSA Dispute
• Mortage Market Reform Bill Passes House Subcommittee
• Stanford Found Competent To Face Trial: Prosecutors
• Nixon Peabody Aids US Bank In Funding For Solar Co. KDC
• WestLB Can't Close Sale Of Real Estate Arm To Apollo
• SEC To Appeal Rejection Of $285M Citigroup Deal
• Ex-Janney Supervisor Must Disgorge Ill-Gotten Gains
• Wachovia, Wells Fargo Can't Leave Fee MDL: Judge
• BofA, Countrywide Dodge Nevada Mortgage Loans Suit
• FINRA Fines Wells Fargo $2M Over Reverse Convertibles
• Judge Pares Countrywide OT Competition Claims
• Wells Fargo Dodges Sanctions In Pollution Coverage Suit
• The Erosion Of 5th Amendment Privilege
• Ponzi Investors' Cert. Bid Fails In Suit Against East West
• Lehman Can Sell $1.5 Billion Neuberger Stake
• MassMutual's Countrywide MBS Claims Swept Into MDL
• Bank Pushes For Receivership On Manhattan Building
• Judge Presses For Sex, Race Bias Probe Of BofA Branch
• Goldman Strikes $10M Deal To Block Ponzi Scheme Suit
• IndyMac CEO Can't Dodge $600M FDIC Negligence Suit
• Investors Want Breazeale Put Back In Housing Project Suit
• MF Global Can Use Disputed JPMorgan Cash: Judge
• The Bureau Without A Director
• JPMorgan Gets MBS Class Action Pared
• JPMorgan's $214M Market-Timing Coverage Suit Shut Down
• Citigroup Reaches Tentative Deal In Subprime Suit
• Jefferson County Stands Firm On Ch. 9 Eligibility
• Santander Ordered To Pay Up In BNY Rate Dispute
• Corzine Was Told Of Commingled Funds: CME Head
• REIT Griffin Gets $150M To Fund Acquisition Efforts
• Wall St. Struggles To Fend Off Fannie, Freddie Fraud Suits
• BofA, Insurers Beat Customer Privacy Action In 5th Circ.
• Cooper Settles With WG Trading Receiver For $12M
• Int'l Bakeries Exec's Insurers Off Hook For $56M: 8th Circ.
• Qatar Petroleum Raises $10B For Barzan Gas Project
• Credit Suisse Hit Up For $375M In Madoff Funds
• JPMorgan Denies Silver Manipulation Class Action Claims
• Morgan Stanley Forced To Face CDO Fraud Claims In NY
• Archstone Nabs $131M NY Building Amid Suitor Battle
• WaMu's Shareholder Deal Paves Way For Ch. 11 Exit
• Morgan Stanley To Take $1B Loss In MBIA Settlement
• Enhancing CFPB Transparency For Enforcement Targets
• FDIC Scores $64M Settlement From Ex-WaMu Execs
• Heartland Gets Most Of Banks' Data Breach Claims Tossed
• MF Global SIPA Trustee Fights Conflicts Allegations
• NewPage Creditors Rebid For Pricey Consultants
• Bear Stearns Pushes To Kill Fraud Action In 2nd Circ.
• $47M Ponzi Schemer Gets 10 Years, $34M Penalty
• Battle Over Timing of Volcker Rule Heads To SEC
• RBS Failure Spurs UK Watchdog To Call For Tighter Regs
• NBGI Snaps Up 4 Eastern European Properties For $99M
• HSBC Pulls Out Of $5.4B MBIA Restructuring Suit
• Argentine Firms Won't Share In BofA $410M Settlement
• JPML Tells 6 Discount Club Fraud Suits To Stay Put
• River Road Credit Bid Appeal To Get High Court Review
• CFPB Focus: Consumer Protection Or Consumer Complaints?
• Lehman Won't Need Gleacher For Archstone Talks: Trustee
• BNY Mellon Can't Quelch Class Action Over Lehman Losses
• JPMorgan Should Be Cut From Refco MDL: Special Master
• Morgan Stanley Loses Bid For TBA Claims In Lehman Case
• Bank Agrees To Stop Tax Refund Loans To End FDIC Suit
• Japan Accuses Citi, UBS Of Market Trickery
• Prosperity Buys East Texas Financial With Bracewell's Aid
• HSBC Asks Court To Decide Row Over MF Global Gold Bars
• MF Global Trustee Reveals Suspicious Transfers
• Madoff Trustee Seeks $76M From 2 Swiss Banks
• Quashing The Circuit Split Over RESPA
• Countrywide Seeks Shelter Of German Law In MBS Suit
• Goldman Sachs Didn't Shortchange EToys IPO: NY Court
• WaMu, Bear Stearns Knew MBS Risks: Dutch Pension Firm
• BofA Wants Investor's Suit Over $1B In MBS Tossed
• WaMu Making Progress In Mediation On Ch. 11 Plan: Atty
• I Never Intended To Break Rules At MF Global: Corzine
• UK Fines Integrated Financial $5.5M Over Breaches
• Senate Republicans Block CFPB Head Nomination
• Wachovia Settles Bond Bid-Rigging Claims For $148M
• Bracing For Volcker
• Judge Recused Over Mom's Shares Back On Bench
• 2nd Circ. Nixes Norwegian Investors' Citigroup Fraud Suit
• Goldman Sachs Asks Judge To Toss Shareholder Suit
• MF Global Trustee Told To Disclose JPMorgan, PwC Ties
• Pacific Sunwear Grabs $160M Funding For Turnaround
• Yahoo Exits Email Filtering Patent Battle
• Lab-Focused REIT Nets $600M Loan To Restructure Debt
• Frank Seeks Probe Of Ally's Alleged Mortgage Fraud
• Philips Asks 9th Circ. To Sweep Back $2M After IP Win
• Ex-BofA Workers Say Bank Mismanaged Retirement Fund
• Tight UK Auditing Market A Red Flag, Antitrust Panel Says
• Quinn Emanuel Stays Put In AIG's Battle With BofA
• BofA, Fifth Third Escape $70M Concord Loan Scheme Suit
• US Floats Rule To Nix Ratings From Bank Capital Measures
• CFPB To Launch Simpler Credit Card Agreement Prototype
• Maine High Court Nixes Extra Robo-Signing Fine For GMAC
• Santander To Sell Colombian Units To CorpBanca For $1.2B
• 'Recovery' Looks A Lot Like Recession
• Wells Fargo Seeks $5.6M From Capmark In Ch. 11 Case
• AmEx Can Arbitrate Discount Club Fraud Claims: Judge
• Class Cert. Bid Nixed In CRS Mortgage Debt Action
• Morgan Stanley Strikes Back At CDO Fraud Claims
• BofA Accused Of Driving Mortgage Borrowers Into Default
• Auto Parts Maker Fights Irving Place's $28M Debt Claim
• Foreign MF Global Units Want Changes To $2B Payout
• AGs Press Banks, Congress Over Mortgage Fraud
• Treasury Under Fire Over Pace Of Fannie, Freddie Reform
• Republican Sens. Skewer CFTC Over MF Global Response
• GM Tech License Still Eludes Saab's Chinese Buyers
• Chinese Bank Teams Up With Permira, TPG, KKR
• Blank Rome Nabs Ex-Sills Cummis Commercial Finance Pro
• Stearns Bank Denied New Trial Over Construction Loan
• Redefining Loss Causation In Mutual Fund Cases
• Lehman's Path Out Of Historic Bankruptcy Confirmed
• Lehman Board Selected To Complete Liquidation
• S&P Names 15 Eurozone Nations In Credit Watch List
• Lehman MDL Plaintiffs Settle With Underwriters For $417M
• MF Global Segregated Accounts Should Get Priority: Sapere
• Hilton Can't Shake US Bank's Suit To Keep Hotel Franchise
• Ballard Starts Up Capitol Hill Mortgage Banking Practice
• Ex-MF Global Managers Sue Corzine, Directors
• Skadden Clinches Spinoff Of HSBC Private Equity Arm
• HSBC Fined Record $16M For Bilking Elderly Clients
• Wal-Mart, Merrill Shell Out $13.5M To End ERISA Action
• Size Matters: New Methods For Determining Assets
• CFTC Adopts 1st Post-MF Global Rule
• Stanford Can't Escape SEC's Fraud Suit
• FDIC Can't Intervene In IndyMac Coverage Suit: Judge
• Class Cert. Denied In Suit Over Ariz. Town's Bond Losses
• NewPage Creditors' Bid For Pricy Consultants Shut Down
• Taylor Bean Trustee Targets AIG, Others Over Payments
• CFTC Moves Ahead On Exemptions From Dodd-Frank
• GMAC Halts Some Mortgage Financing Amid Mass. Suit
• Wells Fargo Settles Wachovia Securities Suits For $75M
• Heineken Becomes UK Pub Giant With £422M Buy
• House Panel Votes To Subpoena Corzine Over MF Global
• Comverse Targets Merrill Lynch Over $46M In ARS
• Stanford Examiner Backs Investor Actions In 5th Circ.
• National Arbitration Forum Exits Cardholder Class Action
• Madoff Trustee Cleared To Appeal JPMorgan Suit Dismissal
• Goldman Says Capmark Is Forum-Shopping In $147M Suit
• Lehman Inks Deal On Fannie, Freddie Claims
• Former Glitnir Head Arrested In Iceland
• Judge OKs $89M Del Monte, Barclays Investor Settlement
• Regulators Float New Rules After MF Global Meltdown
• Lehman Sues Katten Over Bungled Hotel Loan Docs
• EU Expands Sanctions Against Syria
• Enron: 10 Years Later
• Mass. AG Sues JPMorgan, BofA, Others Over Foreclosures
• Lloyds Investors Sue Over Shady Bank Acquisition
• Imposing A New Round Of Sanctions On Iran
• Lone Star To Sell Korea Exchange Bank Stake For $3.5B