Banking Archive » February, 2012

Banking - February, 2012

337 articles

• Judge Won't Block $21B Kinder Morgan-El Paso Deal
• Boston Properties To Drop $615M On BofA Tower
• UK Court Expands Access To Lehman Client Cash Pool
• EU Bank Pledges $308M Ukrainian Gas Transit Repair Loan
• Wells Fargo Wants Nadel Receiver Booted From SEC Suit
• Ex-AIG, Gen Re Execs Set For Jan. Retrial Over $500M Scheme
• Swiss Bank UBP Acquires $3B Nexar Hedge Fund
• Calif. Legislators Unveil Homeowner Protection Bills
• Judge Quashes Calls For AMR To Boost Air Fleet Protection
• Fannie Says It Made The Call To Stop Buying BofA Loans
• Japan Probes Investment Firms Over Missing $2B
• Bernanke Says Volcker Rule Won't Be Ready In July
• Feds Said To Be Probing 2 Goldman Directors In Gupta Case
• JPMorgan Asks Judge To Reconsider Freedom Loan Division
• Moody's Can't Shake SOX Claim Over CDO Rating Methods
• JPMorgan Says SEC Weighing Suit Over MBS Dealings
• Treasury Floats Rule To Better Identify Bank Account Owners
• Lehman Settles With Bermuda Affiliates For $1B
• TD Bank Allays Investors' Rothstein Ponzi Claims For $170M
• Freedom Paper Carriers Ride Off With $30M Settlement
• NY Fed Picks Up Downtown Manhattan High-Rise For $208M
• Insurance Broker Resolves $4M ERISA Feud With Comerica
• $45M Appraisal Suit Against CBRE Downsized
• SEC, CFTC Float Identity Theft Rules For Financial Cos.
• Ski Town Developer Tries To Ice Part Of $195M Guarantee
• Essential Patents Aren't Weapons In Smartphone War: EU
• Wells Fargo Reveals Litigation Risks Of $25B Mortgage Deal
• 2nd Circ. Nixes Ex-Credit Agricole Worker's 2nd Trial
• SEC Has Eye On Wells Fargo Over MBS Disclosures
• Dippin' Dots Fights CEO Ouster Amid Ch. 11 Woes
• NY Lawyer Jailed In $82M Hamptons Mortgage Fraud
• US Will Finalize $25B Mortgage Deal Soon, HUD Chief Says
• Mass. Fines State Street $5M Over CDO Omissions
• FHFA Chief Backs Fannie, Freddie On Principal Reductions
• Regulatory Recap: Capital Formation And Reporting
• Outlining CFPB 'Larger Participant' Authority
• Hotel Cos. Give Up Atlanta Days Inn Over $35M Default
• Developer Has No Standing In $100M Investment Suit: UBS
• CME Hit With Subpoenas In MF Global Probes
• Lehman Europe Says Trustee Shortchanged It By $7B
• HSBC Could Face Criminal Charges For Iran Transactions
• Judge Sinks BankAtlantic Asset Sale To BB&T
• Foreclosures Can Survive Flawed Notice: NJ High Court
• MGA's $429M Fraud Suit Against Deutsche Bank, Others Paused
• Mid-Size Banks Opt For Comfort Of State Charters
• Calif. Fund Seeks $100M From Wachovia Over RMBS Deal
• Investors Ask 2nd Circ. For Class Cert. In $7B MBS Cases
• US Balks At Turning Over SEC Notes To Gupta Defense
• With Insider Trading On Upswing, FBI Turns To Gordon Gekko
• 2nd Circ. Sends $8.5B Countrywide Deal To NY Court
• Fed Reveals Banks' Plans To Fix Foreclosure Practices
• Talmer Secures $174M In Capital For Growth Campaign
• Calif. AG Urges Delay of Fannie, Freddie Foreclosures
• CFTC's Position Limits Will Cripple Markets, Groups Say
• Bracewell Aids Prosperity In $529M West Texas Bank Buy
• Fulbright Grows Minn. Practice With DLA, Briggs Attys
• US Defends Evidence In Stanford Ponzi Scheme Trial
• Bank Fraudster's Narcissism Doesn't Invalidate Trial: 2nd Circ.
• GE, JPMorgan Invest $225M In Texas Wind Farm
• EU Launches More Syrian Sanctions After Journalist Deaths
• Limiting The Scope Of EEA: US V. Aleynikov
• State Street Braces For More Forex Overcharge Suits
• BofA Discriminates Against Disabled Homebuyers: HUD
• Countrywide Inflated Home Values: Whistleblower Suit
• Whitney Bank Settles Overdraft Class Action For $7M
• Flagstar To Pay Up To $133M For Approving Bad Loans
• Investor Sues Over Elektra's $780M Bid For Payday Lender
• AIG Buys Back $2B Of Maiden Lane Mortgage Assets
• Stanford Attys Lose Mistrial Bid In $7B Ponzi Case
• French Court Axes €385M In Antitrust Fines On Banks
• Chase Didn't Stop Freed & Weiss Partner's Takeover Plot: Suit
• BofA Halts Some Mortgage Loan Sales To Fannie Mae
• AmEx Says FDIC Plans Action Over Charge Card Late Fees
• Financial Domain Names Could Boost Web Fraud: EU Watchdog
• Citigroup Confirms DOJ Subpoena Seeking MBS Info
• 7th Circ. Revives Merrill Brokers' Cert. Bid In Bias Suit
• Trafalgar Brings Loan Trustee Breach Suit To 2nd Circ.
• HSH Nordbank Targets Barclays Over $123M In RMBS
• JPMorgan Hiding Behind Ala. County's Ch. 9: Bond Insurer
• Citigroup Sells Stake In Indian Mortgage Co. For $2B
• Buyout Trio Sells Another Brenntag Stake For $774M
• Argentina Ordered To Pay Down $1.6B In Old Bonds
• World Bank Blacklists Alstom Units Over Potential Bribes
• Rothstein Victims Balk At $70M Gibraltar Bank Settlement
• Broadcaster's Ch. 11 Plan Gets Go-Ahead Despite Objection
• HSBC Strikes $23M Deal To End Claims Over Card Insurance
• Wells Fargo Sues Babcock & Brown Over $198M Loan Default
• Ex-IndyMac CEO Gets Chance To Appeal $600M FDIC Case
• US Bank Goes After Vitro Units To Recoup $311M In Debt
• Class Certified In Wells Fargo Insurance Kickback Suit
• Colombia Public Transport Gets $105M From IDB
• Investors' Bid To Oust Madoff Trustee Fails On Appeal
• ABA Wants Safeguards On Bank Info Given To CFPB
• CFTC Piles More Swaps Rules Atop Dodd-Frank Heap
• Solow Ordered To Pay Citibank $100M Over Project Loan
• Duran V. US Bank: Aftershocks Of Wal-Mart V. Dukes
• Advisers' Pay Suit Against Morgan Stanley, Citi Nixed
• The Pitfalls Of Paperless Discovery
• SEC Mulls Fees As Buffer To High-Frequency Trading
• FLSA Collective Action Rights Can Be Waived: Citigroup
• Swiss Banks Under Pressure To Help Collect Foreign Taxes
• Citi, Levant Bag $100M Stake In Saudi Supermarket Chain
• Bill Would Spur Lenders To Speed Up Short Sales
• Watchdog Chides FHFA Over $100M Fannie Legal Fees
• UBS Can't Blame Highland Affiliates For $686M In Losses: Atty
• Stanford Receiver Targets 2 Law Firms Over $1.8B
• Former WaMu Execs Balk At Plan For D&O Claims
• 6th Circ. Revives GM Workers' ERISA Suit Against State Street
• Sealink Hits BofA, Citi, Others With $949M RMBS Claims
• Gupta Tries To Get Insider Trading Charge Wiped Out
• German Bank Takes RBS To Court Over $71M In RMBS
• CFPB Launches Checking Account Overdraft Fee Probe
• The Aftermath Of Assured Guaranty V. JP Morgan
• Fund Objects To $70M Bank Settlement In Rothstein Case
• Wells Fargo To Buy BNP Paribas Energy Loan Unit
• Picard's $59B Racketeering Claims Against UniCredit Axed
• General Maritime's Ch. 11 Plan Omits Crucial Info: BNY Mellon
• Morgan Keegan To Pay Sports Agent In Bond Investment Case
• FHFA Lays Out Plan To Cut Down Fannie, Freddie
• Stanford Investors Protest Proskauer's Bid To Pause Suit
• Receiver Appointed In NY Office Building Foreclosure Suit
• JPMorgan Says Syncora Can't Bring $404M MBS Claims
• Adviser Took AllianceBernstein Secrets To JPMorgan: Suit
• The Irredeemable Relevance Of SEC Enforcement Action
• Zell's Equity Raises Archstone Bid To $1.5B
• Ramping Up For 'Ring-Fencing'
• House Bill Would Cap Credit Card Interest Rates At 16%
• Ex-Client Seeking $1B Wants Personhood For MF Global
• 4 Found Guilty In Ex-Cowboy's $20.5M Mortgage Fraud
• Trustees In Rothstein Case Ink $70M Bank Settlement
• Lehman Creditors Seek Geithner Testimony In JPMorgan Suit
• Brazil's Banco Itau Gets $100M From IDB For Green Energy
• Swift Prepared To Cut Off Iranian Wire Transfers
• Merrill To Pay $59M To Lay Funeral Trust Action To Rest
• Citibank Improperly Taxed Airline Miles Perk: Suit
• WaMu Ch. 11 Plan Confirmed After Deal With Dissenters
• EU Approves $8.8B Danish Bank Guarantee Plan
• Wachovia Owes Ex-Workers $1M In Raiding Fight: 4th Circ.
• Ex-Goldman Coder's Acquittal Threatens Wall Street's IP
• Merrill's ARS Disclosures To La. Pacific Were Adequate: Judge
• Review: Recent Securities Litigation, Rising Trends
• Law School, Meet Litigation PR ...
• Madoff Trustee Presses 2nd Circ. To Reopen $30B In Claims
• NY Appeals Court Wipes Out Ski Resort Contract Battle
• No Missing MF Global Funds In JPMorgan Account: Trustee
• House Panel OKs Bill Striking Swaps 'Pushout' Rule
• WaMu Strikes Deal To Secure Votes On Ch. 11 Plan
• Resort Founder Sues Cushman, Credit Suisse For $2B
• Lehman Creditors Aren't Entitled To $26M In Fees: Trustee
• BofA Wants To Shield CEO From Depositions In MBIA Suit
• Bernanke Says Examiners Need 'Balance' In Bank Reviews
• Chinese Property — Bubble Trouble?
• UBS Advisers Took Trade Secrets To Wells Fargo: Suit
• 2012 Regulatory Watch List: Commodity ETF Industry
• CFPB To Oversee Credit Reporting, Debt Collection Cos.
• Ex-Merrill Broker Fined For Role In Greenlight Sell-Off Case
• San Francisco Foreclosure Probe Shows Sweeping Law Violations
• Beaten Fan, Others Object To Dodgers' Ch. 11 Statement
• D&O Suits Over Bank Failures By FDIC Surge In 2011
• Credit Suisse Trading Platform Infringes Betting Patents: Suit
• Fontainebleau Counterclaims Stay Put In Lehman Case
• 9th Circ. Throws Out Calif. BofA Foreclosure Action
• Volcker Rule Draws Fire From Range Of Nonbank Cos.
• Insurer Sues JPMorgan Over $52M In MBS Losses
• Credit Suisse PE Unit Closes $2.9B Secondary Fund
• Ex-Citi Exec Can't Shake SEC Suit Over Doomed CDO
• Peak Lender Challenges Ch. 11 Plan Acceptance Votes
• Firms Facing Another Year Of 'Sluggish' Growth: Study
• Deutsche Bank Understated Risk Of $512M In RMBS: Suit
• Agencies Must Toughen Up Banker Pay Rules, Senate Panel Hears
• Implications Of Magner On The Loose
• Bank Of Hawaii Smoothes Out Overdraft Fee Fight For $9M
• BofA Refinancing Notices Lack Credit Score Info: Suit
• 2nd Circ. Reinforces NY Shield Law In Goldman Sachs Case
• Underwriters Want Motricity Investors' IPO Suit Tossed
• The EU Proposal For Financial Transactions Tax
• Citi Closes Door On DOJ's Reckless-Mortgage Suit For $158M
• CFPB Head Rebuffs House Attacks On $448M Budget
• Feds Extend Foreclosure Review Deadline By 90 Days
• JPMorgan, Others Duck MassMutual Claims In $650M MBS Suit
• BNY Mellon Can't Shake Forex Pricing Fraud Suit
• MF Global Trustee To Share Docs With Feds
• Evidence Over Wells Fargo Execs' Probe Delay Stands
• Fed OKs $9B Capital One-ING Deal Despite Consumer Unease
• CIT Renews Push To Stay $190M Tyco Tax Claim Amid Appeal
• Senate Banking Chair Seeks Audit Of Small Bank Exams
• HUD Withdraws Farm Credit Mortgage Insurance Plan
• UBS Pays $1.4M To End OT Dispute With Technicians
• Chapman Woos 6 Orrick Finance Attys For New DC Office
• Top NY Judge Eyes City Foreclosure Section, Paperless Courts
• Morgan Stanley Advisers Seek Class Cert. In Pay Suit
• Buchanan Nabs Thorp Reed Duo For Financial Services Group
• Sallie Mae Can't Shake Late-Fee Class Action
• BofA Mortgage Litigation Pro Decamps For Reed Smith
• Bradley Arant Snags 4 Attys For Ala.
• Fewer Corporate Prosecutions: A More Effective Approach?
• European Parliament Approves New Bank Transfer Regime
• Case Study: In Re Brooke Corp.
• Scope Of Biz Method Patent Review Left Murky By USPTO Rules
• Obama Budget Seeks To Arm Regulators For Fight Against Fraud
• Ex-Bear Stearns Managers To Settle SEC Suit For $1M
• BNY Mellon Denied 2nd Bid To Toss Va. Fraud Claims
• Fed Again Delays Ruling On $9B Capital One, ING Tie-Up
• Defunct Bank's Officers Kick Investor Suit Over Bad Loans
• Lehman Is Trying To Duck Parts Of Asset Deal: Barclays
• Belgium, France Lift Short Selling Bans
• Morgan Lewis Picks Up Dodd-Frank Pro, ERISA Partners
• Volcker Launches Broad Defense Of Eponymous Rule
• Consumer Task Force Launches Campaign Against Lending Fraud
• 4 Tips For Avoiding The Eye Of The CFPB
• Has LaSalle Delayed Economic Recovery?
• CFTC Wins Judgment Against Chicago Trader Over $2M Fraud
• Citibank Workers Win Class Status In OT Suit
• Mass. Regulator Seeks BofA Docs In $150M Loan Probe
• Jackson Lewis Gets New Partners In Boston, NYC
• Swiss Bank Wegelin Now A Fugitive In $1B Tax Scheme Case
• MF Global Customer Cash Gap Rises To $1.6B
• Marcum Can't Pull Expert Services From Stanford Case: 5th Circ.
• EU Development Bank Boosts Ukraine Energy Buy-In By $50M
• Revised Removal Statutes — Possibilities, Pitfalls: Part 2
• Madoff Trustee Seeks $105M In Latest Clawbacks
• AHMS, Deutsche Bank Forged Bankruptcy Docs: Suit
• Banks' $25B Reprieve Over Housing Crisis May Be Fleeting
• Judge Riled By Conflicts In $21B El Paso-Kinder Morgan Deal
• 3 More Charged Over Ohio Credit Union Collapse
• Lehman Sues Citi To Reclaim $2.5B In Transferred Funds
• BofA Didn't Dupe Investors On MBS Losses: Judge
• Goldman Slams Allstate's Suit Over $123M In RMBS Losses
• Judge Pumps Atty Over Discovery In MBIA, Countrywide Case
• Morgan Stanley Settles Investor Suit Over ARS
• EU Adopts Rules To Rein In Opaque Derivatives Market
• BofA Mortgage Unit Inks $36M FTC Deal For Overcharges
• UBS Sells 50 Fla. Acres For Potential Disney-Area Hotel
• A New Model For Treating Cleared Swaps Collateral
• MF Global Trustee Denies Funds Went To Pay D&O Insurance
• Mine Equipment Seller Asks Ex-Im Bank For $1.7B Loan
• Fed OKs Hana's $3.5B Takeover Of Korea Exchange Bank
• Big Banks, Holdout States Ink $25B Deal Over Mortgages
• Relativity, Fortress Sued Over Lost $44M Film Investment
• Antitrust Claims Against Citigroup, Discover Stay Alive
• Banks Put Up $25B In Blockbuster Deal To Stem Housing Slide
• Citi Takes Last Off-Ramp Before Eolas Patent Trial
• FDIC's Suit Against Morgan Stanley Sent Back To State Court
• 9th Circ. Questions Nevada Mortgage Suit Against BofA
• Wells Fargo Puts Insurer's MBS Fraud Suit To Rest
• Fed Pushes Back Vote On $9B Capital One, ING Deal
• US Eases Foreign Tax Evasion Rules Amid Privacy Worries
• Citigroup Analyst Accuses Co. Of Shirking OT Pay
• US Banks Push For Overseas Exemption To Derivatives Rules
• MBIA Admits Errors In 2009 Restructuring Filing
• Bank of America Faces New Loan Officer Wage Suit
• House Panel Weighs Means To Check CFPB's Accountability
• Credit Suisse Can't Shake $1B ARS Fraud Claims
• Stonegate Loan Officers Win Class Status In Wage Suit
• JPMorgan, Performers' Union Fund Settle ERISA Action
• Can Secured Creditors Credit Bid In Ch. 11 Plans?
• Preserving NY Property Law And Dividing A District
• Deutsche Bank Dodges 2 Suits Alleging $1.3B MBS Fraud
• MF Global Customers Rip Coverage Deal With Insurance Unit
• RI Joins $25B Mortgage Relief Deal While Others Remain Unsure
• 9th Circ. Questions Dismissal Of BofA False Ad Claims
• Goldman, Morgan Stanley Set Clawback Policy Standard
• AmFin Creditors Request Atty Fees Despite 'Vitriol' Of FDIC
• Troubleshooting Credit Card Data Policies
• Skating Rink Co. Sues Goldman, Others Over Construction
• Loan Maven's Bail Yanked Before Sentencing For $100M Fraud
• Goldman Scoops Up Old Mutual Asset Management Firm
• $129M FDIC Suit Over WaMu Losses Narrowed Again
• UBS Gets Immunity In Swiss Regulator's Rate-Fixing Probe
• MF Global Trustee Says 'Majority' Of $105B Transfers Traced
• US Bank Workers' $15M Win In OT Pay Case Overturned
• UBS Can't Claw Back $1M From Ex-Broker's Loan Bonus
• Investor Class Certified In BofA-Merrill Merger Suit
• FGIC Targets Ally Over Additions To $991M MBS Trust
• FDIC's $129M Claims Over WaMu Losses Cut Again
• Fraudster Gets Up To 16 More Years For Prison Hit Plot
• Skadden Lures 2 Securities Pros From Shearman & Sterling
• BNY Mellon Fights For Right To Ala. County Sewer Money
• JPMorgan Reaches $110M Deal In Overdraft Fee MDL
• No Wonder: Denying A D&O Claim As Excluded Loss
• Obama Nominates GOP-Backed JPMorgan Exec To FDIC Board
• RBS Units Misrepresented Safety Of $90M In MBS: Suit
• SEC Wins $328M Ponzi Judgment Against Credit Bancorp
• Ex-Orion Bank CEO Cops To Lending Conspiracy
• BofA Escapes Consumer Suit Over Unauthorized Fees
• IBM Credit Union Members Settle Suit Over Ponzi Scheme
• BofA Escapes Allstate Suit Over Countrywide Liability
• Judge Kills Most Of $70M HSBC Due Diligence Suit
• Trends In M&A, Spin-Offs, Hostile Deals And PE
• State Street's Subprime Bets Cost Prudential $77M: Judge
• Vegas Housing Fraudsters Shouldn't Get New Trial: US
• Amara Ruling Should Kill Pension Plan's Kickback Suit: ING
• UBS On Hot Seat As Rogue Trading Probes Begin
• WaMu Ch. 11 Plan Lets Nondebtors Off Easy: Ore. Agency
• Goldman Investors Win Class Cert. In Action Over Risky MBS
• NY Sues Wells Fargo, Others Over Use Of Mortgage Database
• Expanding The Protections Of The 4th Amendment
• Revised Removal Statutes — Possibilities, Pitfalls: Part 1
• Swiss Watchdog Probes 12 Banks Over Libor-Fixing
• Moore Helps BB&T Buy Crump Insurance Units For $570M
• UBS Underestimated Mortgage Securities Risk: Insurer Suit
• Swiss Bank Aided US Tax Cheats In $1.2B Scheme: Feds
• Forex Firm Principal Gets 17 Years For $17M Fraud
• JPMorgan, Others Sued Over $500M In MBS Sales
• Landlord Can't Sue For Rent On Former Bank: 9th Circ.
• Deadline On $25B Mortgage Deal With Banks Postponed
• Pilot Group Rips $3B Ex-Im Loan To Air India
• Quick Ruling Nixed In Swaps Suit Tied To $895M Brazil Road
• Starwood-Led Group Snaps Up Miami's Gansevoort Hotel
• Angioblast Loses Contract Counterclaims Against UBS
• Mortgage Officers Sue Compass Bank For Overtime Pay
• Wells Fargo Bankers Lose Class Cert. Bid In FLSA Suit
• Orrick Lures London Capital Markets Pro From Mayer Brown
• MasterCard Sets Aside $495M For Fee Settlement
• MF Global Ignored Risk Officer's Warnings On Euro Debt
• Dec. 20, 2011 — 3 Big Decisions
• Nara Board Protected From $53M Shareholder Suit
• The Impact Of CFPB Rule On Remittance Transfers
• Peregrine Got $48M Ponzi Loot, Crown Forex Receiver Says
• Stanford Receiver Targets Proskauer, Chadbourne In $2B Suit
• FINRA Panel Tells Merrill Lynch To Pay Investor $1.4M
• Wells Fargo, Greenberg Face Suit Over Investor Scheme
• FINRA Targets Charles Schwab Over Class Action Waivers
• DC Development Bank Funds $300M Argentine Road Project
• JPMorgan To Return $700M To Lehman In Settlement
• MF Global Customers Lose Initial Bid For Priority Status
• Lehman Asks 2nd Circ. To Block Intervention In Dante Case
• Bank Regulators Say New Ombudsman Would Harm Exams
• BofA To Shed Office Space In NY, NC
• Oregon Joins $25B Mortgage Settlement With Lenders
• FHFA Inspector Probes Freddie Mac 'Floater' Investments
• Judge Greenlights WaMu Deal With Warrant Holders
• Payments To Marco Polo Attys Could Sink Ch. 11: Judge
• Seward & Kissel Nabs Pair Of Prominent Ex-Prosecutors
• No Quick Ruling In CFTC's Price Suit Against Gas Trader
• EU Iran Sanctions — Following The US Lead
• Ex-Credit Suisse Bankers Cop To Overvaluing Bonds