Banking Archive » November, 2012

Banking - November, 2012

324 articles

• TCW Advances Toward Carlyle Sale As Injunction Threat Fades
• JPMorgan Can't Arbitrate Policy That Was Once In Loan Suit
• EU Court Backs Antitrust Watchdog On French Bank Card Fees
• Credit Unions, Banks Renew Fight Over Lending Cap Bill
• Geithner Successor Likely To Be Budget, Not Regulatory, Guru
• Credit Suisse Knew Of Flaws In $466M RMBS, Prudential Says
• Picard Moves To Stop $80M Fairfield Settlement
• FINRA Wrongly Cut Claims Against Merrill Lynch, Heiress Says
• Law360 MVP Awards Go To Legal Top Guns From 52 Firms
• Giddens Reaches $600M Deal With German Lehman Unit
• JPMorgan Emails Sought By FERC Are Privileged, Judge Says
• Visa, MasterCard Oppose Delay On $7B Antitrust Settlement
• RBS Indian Banking Operations Sale To HSBC Falls Apart
• Insurance Groups Raise Worries Over New Capital Rules' Impact
• Prior Deal Can't Stop Wells Fargo Mortgage Fraud Suit: DOJ
• Berkshire Inks $780M Reinsurance Deal With CaixaBank
• Financial Industry Faces Post-Election Challenges
• Orrick Resolves $95M Malpractice Claims Over CDO Deal
• CME Group Drops Challenge To New CFTC Swap Rules
• Resumes Of SEC Chief Hopefuls Offer Stark Choice
• Bill Merging SEC, CFTC Will Bolster Regulation: House Reps.
• Pa. Loan Default Case Could Spell Chaos For Guaranty Holders
• JPMorgan Dodges Suit Over Tax Liability In Trading Unit Sale
• JPMorgan Didn't Doom $1.85B Amaranth Deal, Court Says
• CFPB Warns 6 Consumer Reporting Firms Over Free Reports
• Mary J. Blige Slammed By Signature Bank Over Loan Default
• Doc-Sealing Dispute Delays MBIA Securities Suit Against BofA
• Bain, Goldman Ride Surge In Chinese Stocks To Selloffs
• House GOP Wants 2-Year Volcker Implementation Delay
• Get Ahead Of The International Fund Transfer Changeup
• Credit Suisse Strikes Record $1B Deal For Zurich HQ
• Lawmakers Push For Small-Bank Relief In New Capital Regs
• JPMorgan Can't Shake Calif. Predatory Lending Class Action
• FDIC's Morgan Stanley RMBS Suit Sent To Texas State Court
• Cramdown For Real Estate Lenders — Improbable Nightmare?
• How Healthy Is Your Law Firm? Time For A Stress Test
• SEC Ends Probe Into Wells Fargo MBS Disclosures
• LNR, US Bank Beat Bid To Block $335M Loan Foreclosure
• Fed Pushes To Get Foreign Banks Under Dodd-Frank Umbrella
• Freedom Debt Buyer Wants French Bank To Foot Defense Bill
• CPA Gets 18 Months In Ex-NFL Star's $20M Mortgage Scam
• European Central Bank Wants Sole Supervisor Role
• Charles Schwab Skirts Suit Over IRA Tax Exemption
• Ballard Spahr Adds Banking Partner From Connolly Bove
• Trustee Sues Deutsche Bank Unit Over $640M In MBS
• Societe Generale, Others Can't Escape $1.3B FHFA MBS Suit
• Money Market Fund Reform Is In The Works
• Getco Makes $1.4B Merger Offer To Knight Capital
• Top Senate Republican Opposes TAG Extension Bill
• Banorte Puts Up $1.6B For BBVA Mexican Pension Fund
• Orrick China Partner To Join Asian Development Bank As GC
• Insurer Sues JPMorgan Over Alleged Bear Stearns CDO Fraud
• Obama Eyes Stability With Choice Of New SEC Head
• Credit Suisse Attacks Class Action Over $340M Trade Loss
• Retailers To Appeal $7B Visa, MasterCard Swipe Fee Deal
• Reid Seeks 2-Year FDIC Guarantee Program Extension
• NY Judge Expands FGIC Discovery In Countrywide MBS Suit
• Industry Worries Force CFPB To Edit Remittance Transfer Rule
• Most Of Developer's Suit Over Pay For AIG HQ Redo Tossed
• Continental Can't Escape Goldman Construction Accident Suit
• Commodity Customers Seek Subpoena Of MF Global Execs
• Don't Underestimate The Scope Of A Bad Boy Guaranty
• EU High Court Upholds €500B Eurozone Bailout Fund
• HSBC Makes $15.6M Deal To End Bankers' OT Class Action
• US Rips Gupta's Bid To Remain Free During 2nd Circ. Appeal
• Countrywide Dodges Securities Suit Over $62.6M RMBS Sale
• Examiner Delays Report On ResCap's $750M Deal With Ally
• Ex-Credit Union Exec Gets 14 Years For Massive Loan Scheme
• Sale Of First Place Bank Cleared For December Auction
• 2nd Circ. Allows Credit Suisse Class Cert. Appeal In MBS Row
• NY, Conn., Ill. AGs Push FHFA To Nix Guarantee Fee Proposal
• SEC In Better Shape After Schapiro's Reign, Attys Say
• Class Action Targets Bank Of The Ozarks' Overdraft Fees
• Lehman Brothers Reaps $6.5B In Archstone Sale
• UBS Says Gov't Suit Over $6.4B MBS Is Past Its Prime
• Qatar Holding Dumps $1.2B Worth Of Barclays Stock Rights
• 'Good Faith' Bank Immunity Row Won't Make It To High Court
• Investor Sues Over $231M PacWest, First California Merger
• BofA Issued False Mortgage Payment Warnings, Suit Says
• 1st Circ. Won't Mull State Street's ERISA Cert. Challenge
• Cadence, Encore Resolve Investor Suit Over $250M Merger
• DOJ Looking Into Wealth Management Biz At Swiss Bank
• Justices Decline To Hear Appeal Over BofA Unit's Check Fees
• UK Fines UBS $48M For Rogue Trader As Swiss Add Penalties
• SEC Head Schapiro Will Depart After Grueling 4 Years
• Key Insurance Issues In Secured Lending
• FINRA Threatens To Suspend Brokerage In Ex-NBA Star Row
• Treasury Decries Wilbur Ross' $45M Bid For First Place Bank
• CFPB's Innovation Push Could Give Startups Unintended Boost
• Morgan Stanley Latest Target Of DZ Bank Over $694M RMBS
• 3rd Ex-Fannie Exec Escapes Investor MDL Over $6.3B Error
• Madoff Trustee Goes After Banks Before 2nd Circ.
• Insurer Accuses BofA Of Fraud Over RMBS-Related Policies
• Ignorance Could Be Bliss For SAC's Cohen In Tipping Case
• Ameriprise Can't Escape Suit Over $20M In 401(K) Losses
• US Says States' Dodd-Frank Suit Fails To Show Harm
• EU Watchdog Says Some Insurers May Face Bank Treatment
• CFPB Must Improve Data Security Systems, Fed Report Says
• Morgan Stanley Dodges FHFA's Claims Over RMBS Losses
• NCOIL Insurance Certificate Law May Aid Carriers In Court
• Judge Will Not Broaden Lehman Investor Claims For Now
• Canadian Merchant Seeks Docs From US MasterCard, Visa Case
• European Lawmakers Push For New Credit Card Payment Rules
• Terror Victims Can Sue Lebanese Bank In NY: State High Court
• Madoff Feeder Fund Seeks $70M In New Clawback Suits
• NY AG Targets Credit Suisse In Latest Mortgage Suit
• RMBS Buyers Want Credit Suisse Fraud Suit In State Court
• Mortgage Lender Sues BofA For $10M Over Botched Loans
• Capital One Pays $3.2M To End Underwriters' OT Suit
• Are CFPB Joint Enforcement Actions Here To Stay?
• Jury Finds Ex-UBS Trader Guilty Of Fraud Over $2.3B Loss
• 2 Ex-Stanford Execs Convicted For Roles In $7B Scheme
• Barclays Ducks Claims In FHFA's Suit Over $5B In MBS Sales
• Judge Snuffs Wells Fargo Investor Suit Over $7B ARS Deal
• SEC Can't Revive Fraud Claim Against Goldman's Tourre
• Judge To Sign Off On 2 Key ResCap Sales Worth $4.5B
• SEC Drops Suit Against GSC Group Exec Over Risky CDO
• Wells Fargo, MIC Can't Duck Veterans Loan Fraud Suit
• Last Defendant In $70M Bank Fraud Case Pleads Guilty
• Rating Agency Reform Still Elusive Despite SEC Reproach
• CFPB, FTC Must Coordinate Mortgage Ad Push, Attys Say
• Convicted Ponzi Schemer Loses Appeal In 2nd Circ.
• Banks In Nat'l Settlement Write Down $6.3B In Mortgages
• Irish Bank Regulator Fines RBS Unit $2.5M For Rules Breach
• Liberty Mutual Wants 2nd Circ. To Revive Goldman MBS Suit
• Merrill Lynch, RBC Dodge 5 Claims In MuniMae MDL
• Vehicle Underwriters Accuse US Bank Of OT Pay Violations
• First Bank Of Delaware To Pay $16M To End DOJ Fraud Claims
• Capital One 'Puppet' Class Merited By New Evidence, Judge Told
• HSBC In Talks To Sell $9.3B Stake In Chinese Insurer
• Citigroup Reaches $435M Deal To End Lehman Dispute
• IKB Goes After Morgan Stanley Over $147M In Bunk MBS
• Treasury Exempts Forex Swaps From Dodd-Frank Crackdown
• Apollo Unit To Spend $236M For Lloyds Irish Loan Portfolio
• F1 Chief Faces $650M Suit Over Alleged Bribe-Tainted Deal
• Wells Fargo Wants Mortgage Insurance Fraud Case Nixed
• FHA's $16B Shortfall Adds Urgency To Mortgage Policy Fight
• Midtown Settles 2nd Injunction Over $250M Aruba Hotel
• Visa Says FTC Wants Info On Debit Card Charges
• NY AG Warns Wells Fargo On Mortgage Relief Suspension
• JPMorgan Accused Of Blocking Crucial Calif. Power Project
• Ally Gets Month To Submit Rival Plan For Saab Bankruptcy
• JPMorgan, Credit Suisse Pay $417M To Shake RMBS Claims
• CFPB Sets Single Effective Date For Mortgage Disclosures
• Judge Strikes Class Claims From Capital One 'Puppet' Suit
• JPMorgan's $2.5M Home Equity Credit Line Deal OK'd
• JPMorgan's ATM, Mobile Deposits Flout 4 Patents, Suit Says
• REO-To-Rental Bonds Make Slow Arrival On Wall Street
• AllianceBernstein Can't Have Ex-Adviser's IPhone, Court Says
• Big Banks Face Easier Stress Test Scenarios This Year
• Senate Slows Down Controversial Cost-Benefit Analysis Bill
• Allstate, Citi Spar Over Time Bars In $200M MBS Suit
• Gupta Should Pay $15M In Insider Trading Case, SEC Says
• CFTC Launches Appeal Of Position Limits Ruling
• UK FSA Hits Card Protection Plan With Record $16.6M Fine
• $250M Aruba Hotel Sale Due To Default Stalled For Now
• Countrywide Gets Another Shot At Sealing MBIA Case Docs
• EIB Lends First €200M For Cairo Metro Expansion
• SEC-CFTC Merger Pushed In Wake Of MF Global
• Forex Trader Gets 14 Years For $31M Investment Fraud
• FERC Suspends JPMorgan's Market-Based Rate Authorization
• Banks Can't Decide What Triggers FCRA Investigation
• Delayed Standing Defense Can't Upset Foreclosure: NJ Court
• Madoff Relative Loses Standing Defense To Clawback Suit
• Jefferies Sued By Investors Over $2.6B Leucadia Merger
• Wells Fargo Media Dept. Emails Not Privileged, Judge Says
• Canada Says RBS Lied About Cooperation In Libor Probe
• Capital Rules Will Ease Up On Small Banks, Regulators Say
• DOJ's Tough Approach To Anti-Money Laundering Compliance
• House Republicans Blame Corzine For MF Global Collapse
• Barclays' $8M Suit On Hold As Ex-Soccer CEO Seeks Ch. 15
• BofA Targeted By Investors Over $261M In MBS
• SEC Matches Last Year's Enforcement Peak With 734 Actions
• CFTC Floats New Rules For Enhanced Customer Protection
• FDIC Liable For MBIA's IndyMac MBS Losses, DC Circ. Told
• Mortgage Reinsurance Kickback Suit Against HSBC Slashed
• HSBC Settles Fund Investor's Suit Over Madoff Losses
• Ex-Nixon Peabody Atty Convicted Of Obstructing Ponzi Probe
• Investment Firm Sues Chartis Over $103M Hotel Loan Loss
• MF Global Commodities Customer Can't Get Priority Status
• ResCap Unit GMAC Hit With Suit Over Servicing Agreement
• New Money Market Fund Proposals Put Onus Back On SEC
• JPMorgan Workers' ERISA Case Denied High Court Review
• Financial Firms Beat RealTime's Data Technology Patent Claims
• Goldman, Deutsche Bank Can't Escape FHFA RMBS Fraud Suits
• Discover, Firm Lacked Evidence To Pursue Debts, Suit Says
• Scottsdale Dodges Bank Fraudster's Past Defense Bills
• Weil Guides Leucadia On $2.6B Deal For Fellow Investor
• Former FinCEN Boss Lands New Post At Cleary Gottlieb
• NAD Tells Capital One To Halt Small-Business Card Claims
• Citizens Financial Managers Satisfy Dukes In OT Suit: Judge
• BNY Mellon Unit To Pay $210M To End Madoff Investor Suits
• SEC Can't Ignore High Market Data Fees, DC Circ. Told
• Tips For Quality Control In Technology-Assisted Review
• Flagstar-AGM Trial Over $1B MBS Draws To A Close
• Bear Stearns' $295M Settlement With Investors Gets Nod
• Berkley Properties To Pay $97M For Chicago BofA Tower
• High Court To Hear AmEx Antitrust Arbitration Row
• Community Banks Likely Winners In Capital Rule Delay
• BNY Mellon, Va. Settle Fraud Suit Over Currency Trading
• Freddie Mac, MGIC Reach $267M Deal In Pool Policy Fight
• Latest Cost-Benefit Suit Puts CFTC In Uncharted Waters
• Knight Capital Says SEC Probing $440M Botched August Trade
• $7B MasterCard, Visa MDL Settlement Wins Initial OK
• T Bank Didn't Have Unsafe Dealings With Check Processor: ALJ
• Fed Launches Next Round Of Bank Stress Tests
• Fannie, Freddie Expand Relief To Homeowners Hit By Sandy
• Ally, ResCap Agree To Hand Loan Files Over To FHFA
• State Regulators Cheer CFPB Mortgage Disclosure Rules
• 8th Circ. Revives Foreclosure Suit Over Faulty Assignments
• CME Calls CFTC Swap Reporting Rules Expensive, Redundant
• Saab Says Liquidation Plan By Ally Would Be Unnecessary
• How The DOJ Is Adapting In The War On Financial Fraud
• Ex-Goldman VP's Bogus Trades Cost Bank $118M, CFTC Says
• Barclays Wins Dismissal Of $143M Unfair Transfer Fee Suit
• Arabia V. BAC — More Leverage For Calif. Loan Servicers
• Merrill Can't Dodge FHFA Suit Over Fannie, Freddie Losses
• Ex-Im Loan Plot Gets Pecan Co. Owner 4 Years
• MuniMae Investors Can't Use Discovery To Find New Plaintiff
• TierOne Gets Go-Ahead For $3M Investor Settlement
• Countrywide Investors Press 9th Circ. To Revive Fraud Suit
• Barclays Wants Subpoena Tossed In Argentina Debt Row
• Fannie Mae Says $3B ResCap Deal Has Left It In Dark
• Planners Privy To Kickbacks Liable Under ERISA: 3rd Circ.
• Judge To Mull $7B Settlement In Visa, MasterCard Fee MDL
• JPMorgan Doomed $1.85B Amaranth Rescue Deal, Atty Argues
• Judge Grills Flagstar Expert On Loan Review In $1B MBS Suit
• Vietnam Gets World Bank Backing For $800M Electricity Project
• How Auditors Can Better Predict Bankruptcy
• UK Banking Group Proposes To Scrap Most Libor Rates
• FINRA Orders Ex-Barclays Worker To Pay $3.5M In Loan Row
• US Bank Says American Airlines Must Pay To Refinance
• Deutsche Threatens Suit If FERC Doesn't Drop $1.5M Fine
• Struggling Gleacher Plans Sale Of Mortgage-Lending Unit
• AmEx Board's Lax Oversight Led To $112M CFPB Deal: Suit
• JPMorgan, SEC Reach Settlements Over MBS Probes
• S&P Can't Dodge Ill. AG's Suit Over Securities Ratings
• FINRA Tosses $2M Investor Claims Against Morgan Keegan
• Judge Revives Claims Over Failed $9B Morgan Stanley SIV
• Boutique Investment Bank ThinkEquity To Liquidate In Ch. 7
• Sealink Sues Citigroup Over $513M In Soured RMBS
• Goldman Asks 2nd Circ. To Send Bias Case To Arbitration
• Regulators To Buckle Down On Dodd-Frank After Obama Win
• EBRD Aims To Open Planned Banking Union Outside Eurozone
• Witness Defends Flagstar Loan Practices In $1B MBS Suit
• First Tennessee Bank Skirts Interest Rate Swap Suit
• Atty Can't Bail On Class Action Over Goldman Tech Fund
• Wells Fargo Insurance Unit Off Hook For Vacuum Co.'s Defense
• Pa. Bank Hit With Class Action Over Auto Repossessions
• Arcapita Gets OK For $125M DIP Loan From Fortress
• Senate Panel To Review Proposals For Bank Capital Hike
• Obama's Re-Election: Full Speed Ahead At The CFPB
• BNY Mellon, Santander Settle Bond Rate Dispute
• 2nd Circ. Limits 'Mass-Marketing' Sentencing Enhancement
• 2nd Circ. Backs Ex-Credit Bancorp CEO's $21M Ponzi Fine
• How FINRA Foiled Morgan Stanley's Broker Info Grab
• Tax Fraud Action Dismissal Was Proper, UBS Tells 7th Circ.
• Look Before You Leap At Capital Commitments As Collateral
• Morgan Stanley Seeks To Block Facebook IPO Arbitration
• ATM Operators Want Out Of $7B Visa, MasterCard Fee Deal
• Fannie Mae Pockets Fraud Win Against Brooklyn Mortgage Co.
• Madoff Investors Settle For $80.3M Against Fund Managers
• Credit Suisse, Qatar PE Firm Form Middle East Investment JV
• HSBC Lobs $69M Suit At Nomura Unit Over Mortgage Pool
• Latham Nabs Ex-Linklaters Enviro Pro For NY Office
• TCW Looks To Skirt Carlyle Merger Injunction
• Goldman Sachs, Others Want $900M Guaranty MBS Suit Nixed
• Citi Discloses Singapore Investigation Into Libor Rigging
• Citizens, Kroger Win Arbitration In Auto-Dial TCPA Action
• US Objects To Ocwen's $3B Bid For ResCap Servicing Biz
• ERISA Co-Fiduciaries Can Bring Indemnity Claims, Judge Says
• AMR Ventures Says Fund Is Trying To Steal $250M Aruba Hotel
• Citigroup Says $9B Euro Note Suit Untimely, In Wrong Court
• Ex-UBS Banker Admits Helping US Citizens Evade Taxes
• Ill. Bar Group Urges Sens. To Close CFPB Privilege Gap
• Trust Sues DLJ Mortgage For $497M Over Defective Loans
• Obama May Turn Reform Efforts To Fannie, Freddie In 2nd Term
• Obama Win Means Breathing Room For Harried SEC, CFTC
• Barclays Hit With Latest Airport Financing Antitrust Suit
• Tenn. Bank Sued Over Inflated Stock, False SEC Docs
• SEC Unveils New Clearing Agency Standards Under Dodd-Frank
• MetLife Sells $70B Mortgage Servicing Biz To JPMorgan
• State Street, Barclays Dodge Claims In Suit Over $2B CDO
• WaMu Noteholders Don't Belong In $10B Suit, DC Circ. Told
• EIG Injunction Jeopardizes Carlyle Merger, TCW Tells Judge
• UK Broker Sentenced To 13 Years For Ponzi Scheme
• ADCB, Santander To Partner On Project, Trade Financing
• Prudential Unit Pays £368M For Thai Bank's Insurance Arm
• Royal Park Targets BofA Over $1.6B In MBS
• JPMorgan Can't Escape Botched Loan Mod Advice Claims
• TCPA Ruling Could Gag Banks, ABA Tells 9th Circ.
• Securities Firm WR Rice, Owner Facing FINRA Fraud Complaint
• East West Bank Failed To Back $30M Life Policies, Suit Says
• Bryan Cave Guides Stifel's $575M KBW Buy
• JPMorgan Can't Ditch FHFA Suit Over $33B In MBS
• Crisis Management From The Board's Perspective
• Vallett — Fuel For The Corporate Fraud Sentencing Debate
• HSBC Earmarks $1.5B For Money Laundering Fallout
• ING Wants ERISA Kickbacks Suit Tossed
• Nomura Tangled In Another Japanese Insider Trading Case
• Global Banking Watchdog Issues Crisis Planning Guidance
• Hurricanes Could Propel NY Public-Private Investment Law
• Capital One Investor Sues Over Credit Card Marketing
• Know The Prosecution's Brady Disclosure Obligations
• FHFA's $6B UBS Mortgage Suit Not Time-Barred, 2nd Circ. Told
• W.Va. AG Says Texas Firm Is Exploiting $25B Mortgage Deal
• How The Presidential Election Could Curtail ADA Regs
• RBS Says It Expects Fines Over Libor-Rigging Scandal
• MF Global Trustee Dealt Blow in UK Repo Fight
• Big Banks Should Up Capital Reserves, Global Watchdog Says
• Merchants Oppose $7B Visa, MasterCard Interchange Fee Deal
• Texas Appeals Court Tosses Contract Suit Against Chase Bank
• RI Sues Banks, Ex-Baseball Star Over $75M In Biz Loans
• Attys Question Objectivity Of New CFPB Appeals Process
• Guarantors Owe $17M On Foreclosed Shopping Center Loan
• Kirkland, Mayer Brown Aid GTCR In $1.5B BofA Unit Purchase
• FHFA, CFPB To Team Up On National Mortgage Database
• Cellular South Wants $26M Suit Against Merrill Lynch Revived
• Wells Fargo Says US Mortgage Suit Violates $25B Settlement
• Wells Fargo Can't Shed Claims In $101M Construction Loan Suit
• Rushed Regs Put Money Market Industry At Risk, Dechert Says
• Calif. Arbitration Rule Preempted, US Chamber Tells 9th Circ.
• Ex-Obama Atty Perrelli Rejoins Jenner & Block In Washington
• Mapping The Pre-Election Landscape