Banking Archive » January, 2012

Banking - January, 2012

285 articles

• Feds Poised To Charge Credit Suisse Traders With Fraud
• NewPoint Receiver To Get $4M In BofA Settlement
• Ally Takes $270M Charge For ResCap, Foreclosure Issues
• Visa, MasterCard Knock Conspiracy Claims In ATM Fee Row
• AmEx Cardholders Must Arbitrate Privacy Dispute: Judge
• German Bank Sues HSBC Over $122M In RMBS
• Lawmakers Want Iran Ties Of US Cos. Disclosed To SEC
• Blackstone, Others Disclose Stakes In Bankrupt Kodak
• Pillsbury Nabs Ex-Stroock Structured Finance Pros
• No Defense Owed To Law Firm In 3 Suits: Insurer
• BNY Mellon Settles OT Class Action
• Hughes Hubbard Adds 10 SNR Denton Attys In Paris
• S&P Rips EU Proposal To Curb Ratings Agencies' Clout
• Citing Concepcion, 11th Circ. Vacates BB&T Arbitration Ruling
• Cordray Renews CFPB Promises Despite Senate Grilling
• Hydro Plant In Indonesia Gets $330M Refinancing
• Inside FINRA's Approach To 'Complex Products'
• Citi Unit Discriminated Against Older Manager: FINRA
• How To Lead A Practice Group
• Taylor Bean Trustee Reaches $16M Deal With Sovereign
• BankAtlantic CEO Pins Blame For BB&T Deal On Regulators
• Lawyer Helped 2 Hide Millions In UBS, Other Banks: DOJ
• Bank's Late Fraud Suit 'Hopeless' But Not Frivolous: Judge
• Ex-Wells Fargo Worker Gets 4 Months For Ex-Im Bank Bribe
• Credit Unions' $629M Suit Over MBS Teeters On Loss
• Military Members Target Countrywide Over Foreclosures
• Outten Tapped To Rep Class In MF Global Employee Suits
• Twiqbal Gets Narrow Reading In Morgan Keegan OT Dispute
• Risky Loans Cost Calif. Bank $42M, Led To Demise: FDIC
• Funds' $100M Enron Suit Short On Facts: Deutsche Bank
• A Bear Of An Insurance Issue For JP Morgan
• UBS Trader Pleads Not Guilty To Fraud Charges
• Dutch Pension Fund Targets Goldman Over 'Toxic' RMBS
• In-House Accounts May Stop Insider Trading, 9th Circ. Hears
• Bahamas OKs $41M Chinese Loan For Bridge, Port Project
• UK Unveils Law Empowering Treasury In Bank Crisis
• Gupta Defense To Hinge On Alleged Falling-Out With Raj
• Trustee Seeks High Court Review Of Garment Antitrust Suit
• EU Bank Puts Up €95M For Serbian Railway Improvements
• BofA Loan Relief Terms Block Probe: Ariz. AG
• Proskauer, Chadbourne Take Stanford Fight To Fed. Court
• Trustees Fight Stay Extension On Tribune Clawback Suit
• Auditor Settles Claims Over $7M Charter School Bond
• First Annapolis Takes $14M S&L Merger Ruling To High Court
• ADB To Sell $267M In Bonds For Asian Water Projects
• Regions Latest To Be Nailed With Overdraft Fee Action
• IFC, UK Pour $153M Into PE Fund For Green Projects
• EU Joins Growing Chorus Of Dismay Over Volcker Rule
• 7th Circ. Affirms Bankers' OT Class Despite Dukes
• Countrywide Fights Lower Fraud Bar In Insurer Suits
• Case Study: Wells Fargo V. Cherryland Mall
• Swiss Institution Sells Non-US Business Amid Tax Scandal
• UK Imposes More Fines Over Greenlight Insider Trading
• Deutsche Wins Longer Notice Period In 9/11 Coverage Row
• Discover's Costs In FDIC Action Could Exceed $100M
• Orrick Cost Highland $95M In Canceled CDO Deal: Suit
• BankAtlantic, Investors Battle Over BB&T Deal's Value
• European Banks Take On Morgan Stanley Over $1.2B In RMBS
• Banks' Actions Crippled Colo. Ski Resort, NY Judge Hears
• Wells Fargo, Enfinity Kick Off $100 Million Solar Fund
• Lloyd's, LandAmerica Strike $38M Deal In E&O Coverage Row
• Judge Cuts Lehman Unit Down To Size Over $16B Claim
• $25B Mortgage Deal In Trouble As California Backs Out
• PNC Strikes To Head Off Mobile Banking Patent Suit
• Greenlight, Einhorn Fined £7M On Insider Trading Claims
• US Futures Firms Properly Separated Customer Funds: CFTC
• JPMorgan, McCarthy Grab Calif. Office In Landmark Deal
• ADB Chips In $400M For Uzbek Petrochemical Plant
• A&P's $750M Exit Financing Package Gets Court OK
• Uncertainty Looms Around Obama's Mortgage Initiative
• Ex-Citi Exec Says Lack Of Payday Kills SEC's CDO Case
• Guarantors Can't Evade Suit Over $60M Mall Loan
• HSBC Confirms US Senate Panel Probe
• S&P Misled Investors With High MBS Ratings: Suit
• AIB Drops Claims Against BofA In Rogue Trader Suit
• HSBC Kills $62.5M Deal With Madoff Fund Investors
• Lehman Investors Can't Move $640M Fraud Suit To State Court
• How Eurozone Breakup Would Affect Corporate Bonds
• WaMu Judge To Consider Vacating Insider Trading Findings
• FINRA Fines Merrill $1M For Dragging Ex-Brokers To Court
• HSBC Hands Off Thai Banking Business For $115M
• 'Extend And Pretend' Meets The Great Deleveraging
• Fortress CEO Resigns Amid SEC Fannie Mae Fraud Claims
• Obama Urges Sweeping Economic Efforts For Trade, Energy
• 2nd Circ. Sides With IRS In GE Tax Shelter Case
• Convicted Ex-Taylor Bean Head Asks 4th Circ. For Retrial
• Ex-Lehman Boss Loses Carter Ledyard Malpractice Suit
• Delaware Opposes $25B Mortgage Settlement With Lenders
• Citigroup Targeted Over $1B In Subprime CDOs
• EU Ministers Reach Accord On Derivatives Reforms
• Lehman Fights Trustees' Bid For Evidentiary Hearing
• BancorpSouth Investor Action Over Stock Inflation Survives
• Judge Misread Seating Rule: BofA Tellers To 9th Circ.
• Bridgepoint Deals For Morgan Stanley Investment Unit
• The Dodd-Frank Test For Bank Expansion
• US, EU Sanction Major Iranian Bank
• HSBC To Shed Latin American Bank Operations For $801M
• Ares Capital Secures $200M Funding From Sumitomo
• Insider Trading Rules Preempt Broker Appeal, 9th Circ. Hears
• John Hancock Targets JPMorgan Over Toxic RMBS
• Morgan Stanley Faces Sealink Suit Over $556M In RMBS
• Broker-Dealers Elude BNY Mellon, Wells Fargo In MedCap MDL
• First American Cuts Down US Bank's Loan Insurance Suit
• MF Global Execs Hit With RICO Class Action
• Allstate's $700M Suit Doesn't Support BofA Claim: Judge
• Lehman, Creditors Rip JPMorgan Funds' 'Absurd' $80M Claims
• Goldman Wins Removal Of Thornburg Trustee's $19M Suit
• SEC Discovery Needed in Freddie Mac Class Action: Judge
• FINRA Awards Ex-Citi Advisers $23M In Commission Pay Case
• Mortgage Fraudster Cops To Plotting To Kill Witness
• Wells Fargo A 'Repeat Offender' Of FLSA: Class Action
• SEC Seeks Public Input On Investor Literacy
• PFF Execs Strike $8M Deal To End Securities Suit
• Tyco Accuses CIT Of Dragging Feet On $190M Tax Claim
• Widening The Net Under Iran Sanctions Act
• Lehman Sues Mortgage Co. Over Sales Of Home Loans
• Supreme Court Declines Venezuela Bond Appeal
• MBS Investor Class Seeks $273M Claim In WaMu Ch. 11
• Del. High Court Revives $882M Seafood Co. Sale Row
• Consumer Bureau Details Plan For Probing Payday Loans
• Ex-Atty Who Used UBS To Duck Taxes Gets 45 Days
• 9th Circ. Affirms Class Denial In Countrywide Suit
• FHA Finalizes Regs To Limit Mortgage Risks
• Lehman's Swiss Unit Fights For $16B Claim
• Contractor Charged With Swiping Fed Reserve Source Code
• Prosecutors Defend Rajaratnam Wiretaps In Gupta Case
• Belgian Bank Sues JPMorgan Over $2B In RMBS
• Citi Defrauded Homeowners On Reinsurance: Class Action
• Europe's Project Financing Woes Open Door For Japan
• The CFPB's Case For Supervisory Examination Privilege
• Ex-WaMu Execs' Insurers To Pay FDIC $40M
• Santander Brasil Spawns $2B PE Management Co.
• Ala. County To Probe JPMorgan Deal With Astros Owner
• Hilco Demands Coverage For Banks' $41M Negligence Suits
• 7th Circ. Reverses Restitution Order In ABN Bribery Case
• Credit Suisse Buys $7B In Mortgage Bonds From NY Fed
• Pension Plan's ING Kickback Suit Not Too Late: Judge
• Dundas Recruits Team From Stephenson Harwood
• FHFA Seeks To Preserve Fannie Fraud Payout Priority
• Case Study: Assured Guaranty V. JP Morgan
• US Bank Sues Hotel Developers Over $188M Loan
• BankAtlantic, CEO Hid Bad Loans From Investors: SEC
• Lincoln Financial Unit Wins $29M In Housing Loan Suit
• US Regulators Defend Volcker Rule Efforts
• WaMu, Firms Call Investors' Info Request A Stall Tactic
• Stanford Ponzi Case Rolls Forward In Face Of Objections
• FDIC Sues Execs For $417M Over R-G Premier Collapse
• 2nd Circ. Asked To Remand $8.5M Countrywide Bonds Fight
• TD Bank Dealt $67M Verdict In Rothstein Fraud Suit
• Expert Testimony Dooms Credit Suisse Fraud Suit
• How STOCK Act Could Restrict 'Political Intelligence'
• UK Watchdog Fines Insurance Cos. £2M For Changing Files
• FINRA Fines Citi Unit Over Disclosure Failures
• JPMorgan Agrees To Pay $9M To End Robocall Suits
• Top GOP Lawmaker Tied To Countrywide VIP Loan
• M&T Scores $55M In Deutsche CDO Settlement
• BNY Mellon Settles Part Of Forex Pricing Fraud Suit
• Lehman Wants Fontainebleau Loan Counterclaims Booted
• UBS Unit Exits SEC Action Over Pricing Violations
• EU Targets Hungary Over New Banking, Judicial Laws
• High Court Rejects Appeal In FINRA Immunity Case
• Poker Site Money Launderer Cops To Fraud Charges
• FDIC Rolls Out Stress Test Rule For Large Banks
• Supreme Court Seeks Gov't View In Argentine Bond Case
• RBS To Sell Aircraft Leasing Unit For $7B
• Airline Group Can't Block $3B Ex-Im Loan To Air India
• E-Trade To Buy Back $20M In Calif. ARS Deal
• UBS Wins Bid To Arbitrate In Financial Adviser OT Row
• FDIC Rips Imperial's Disclosure Statement, Ch. 11 Plan
• BofA Unit Moves Fla. Credit Card Suit To Federal Level
• Supreme Court Won't Take Up Stanford Ponzi Case
• GAO Calls For More Curbs On Analyst, Banker Conflicts
• Merrill Lynch Brokers Argue Against Dukes Link In 7th Circ.
• Ex-SEC Atty Settles Stanford Conflict-Of-Interest Claims
• Deconstructing WaMu
• Merrill Lynch OT Action Stays In NY
• New Finance Regulator Must Prevent Another Crisis: UK
• Judge Questions Arbitration In Wells Fargo Card Suit
• New CFTC Swaps Rules No Easy Fix In MF Global Era
• Ex-MF Global Customer Payouts On Hold For Now: Trustee
• Santander Madoff Class Action Has Problems: Judge
• Goldman Loses 2nd Bid to Squelch Sex Bias Claims
• Working With Lenders — A Developer's Perspective
• Deutsche Bank Denies $1.6B Deal To Buy Madoff Debt
• 'Mini-Madoff' Investors Ask 2nd. Circ. To Revive BofA Suit
• Wells Fargo Refinances Apollo's $298M MBS Debt‎
• Umpqua Exec Pay Action Doesn't Pass Muster: Judge
• Pakistan Wind Power Project Gets $142M Boost From IDB
• DOJ Backs Obama's CFPB Recess Appointment
• Japanese Regulators Raise Volcker Rule Concerns
• Banks Ask NY To Review MBIA's Books After $5.4B Fraud
• PwC, Milliman To Pay $7M To Settle Hospital RICO Claims
• Researcher Gets 1-Day Prison Sentence For Cheating Taxes
• FINRA Seeks To Avoid Arbitrating Collective Action Claims
• 11th Circ. Nixes Suit Claiming BofA Aided Ponzi Scheme
• MoFo Aids Raymond James In $930M Morgan Keegan Deal
• WaMu Shareholders Blast Ch. 11 Deal With Hedge Funds
• Siemens Gets $638M Ex-Im Bank Loan For Energy Project
• CFTC Approves Rules Regulating Swaps Market
• US Bank Asks Court To Stop Auction Of Hawaii Hotel
• EU Threatens Action Over Hungarian Banking Laws
• Loan Officers Slap Citizens Banks With FLSA Suit
• Lawmaker Tells CFTC To Form MF Global Task Force
• CFPB Unveils Rules For Nonbank Mortgage Lenders
• Banks Can't Collect Billions From Oppenheimer: Judge
• Citi Among Cos. Facing NY Home Insurance Probe
• Lehman Wins Go-Ahead To Buy $1B Archstone Stake
• Taylor Wessing Snags Orrick Finance Partner In London
• Key Provisions In Account Control Agreements
• MF Global Trustee Asserts Claims Against Brokerage Unit
• BofA Removes APR Action To Federal Court
• Fannie Mae CEO To Step Down
• MetLife To Withdraw From Forward Mortgage Business
• EU Set To Rule On $10B Deutsche Boerse, NYSE Tie-Up
• EU Privacy Watchdog To Focus On 2012 Financial Reforms
• BNP Paribas Latest To Exit $5B MBIA Restructuring Suit
• 2nd Circ. Scraps Refco Customers' Securities Fraud Suits
• NaturEner Bags $320M Morgan Stanley Loan For Wind Farm
• Lehman Brothers Australia Seeks Ch. 15 Protection
• Japanese, Euro Banks Commit $263M To Kan. Wind Farm
• Case Study: MacPherson V. JPMorgan Chase
• Swiss Central Bank Chief Resigns Over Currency Deals
• Invesco, Deutsche End Money Manager Poaching Suit
• Ernst & Young Says NY Can't Go After Lehman Fees
• NY Fed Head Tapped As Central Bank Panel Chairman
• Morrison Cohen Adds Herrick Feinstein Partner
• Judge Questions BNY's Call To Jettison $80M Insurer Suit
• Bank Of The West, Others Face IP Suits Over Mobile Apps
• Indonesian Merchant Bank Launches With $1B Fund Goal
• Tackling The Financial Crisis With Antitrust Claims
• Siegel Group Nabs Distressed Vegas Hotel For $4M
• Supreme Court Declines Bear Stearns Records Suit
• Fla. AG Office Attys Weren't Fired Politically: Report
• Lehman To Reserve $5B For Fannie Mae Claims
• Merrill Lynch Brokers Tell 7th Circ. Dukes Doesn't Apply
• BofA Gets Most Claims Cut From Wrongful Foreclosure Suit
• Airlines Want Ban On $3B Ex-Im Bank Loans To Air India
• JPMorgan Can Depose Lehman's Former European Director
• Lehman Loses Bid To Block Zell's Archstone Offer
• Syncora Fights Put-Back Ruling In Countrywide Case
• 7th Circ. Says Clock Ran Out On Title Co. Ponzi Suit
• Canadian Bank Regulator Takes Aim At Dodd-Frank
• Ex-Im Bank To Boost Financing In India
• Volcker Rule In Flux
• Homeowners Win Class Cert. In WaMu Home Equity Row
• Extending CFPB Supervision To Nonbanks
• Ex-Bank Of Rhode Island CEO To Head Foreclosure Talks
• Swiss Bank Chief Denies Making Illegal Currency Deals
• UK Watchdog Fines PwC £1.4M For Shoddy JPMorgan Audit
• New Class Wins Cert. In Wells Fargo Real Estate Fraud Suit
• Recess Appointment Feud Could End In High Court
• FDIC Shakes Ruling Over Colonial Setoff Transfer
• Investors Seek Probe Of $19B In Wells Fargo MBS
• Lehman, Banks Face Off Over Zell's $1.3B Archstone Bid
• HSBC's Water Utility Sale Under UK Antitrust Review
• Wiretaps In Gupta Case Get Tentative Nod From Judge
• GAO Rebukes Credit Union Watchdog Over Failures
• Paul Hastings Snatches Up O'Melveny Antitrust Pro
• Assessing The Recess Appointment Of CFPB Director
• Preserving 3rd-Party Interests In Forfeited Property
• Bangladesh Cinches $300M Loan To Improve Power Supply
• MF Global UK Clients To See Quick Return Of $1B
• China Development Bank Lends $64M For US Solar Projects
• State Street Mismanaged $80M Trust: Suit
• WaMu Doesn't Owe Cash To Warrant Holders: Judge
• Wells Fargo May Have Illegally Shared SSNs: Conn. AG
• BankAtlantic Can't Escape Suit Over $3.1B BB&T Deal
• Dewey Assembles Project-Focused Team In South Africa
• Gupta Seeks To Bar Wiretaps In Insider Trading Case
• Judge Casts Doubt On Marco Polo's Ch. 11 Exit Strategy
• IFC Takes On $5M Stake In African Eagle Nickel Project
• Overhauling The Federal Jurisdictional Statutes
• Obama To Appoint CFPB Head Without Senate Approval
• 9th Circ. Favors Nevada In BofA Appeals Rulings
• PNC, Insurers Accused Of Captive Reinsurance Scheme
• Fraud Proof Bar Lowered For Insurers In BofA Suits
• MetLife Wins Suit Over $65M CLO Funds
• 3 Indicted For Hiding $1B In Overseas Bank Accounts
• Garlock Asbestos Claimants Win BofA Discovery Bid
• Assessing The European Financial Crisis
• Obama Forgoes Chance To Push Through CFPB Nomination
• Citi Exits Battle Over Property Investor's $30M Award
• Employment Law Trends For Financial Cos. In 2012
• FINRA Panel Says Deutsche Unit Owes Ex-Director $3.6M
• Banking Legislation And Regulation To Watch In 2012