Banking Archive » December, 2012

Banking - December, 2012

250 articles

• Fifth Third Seeks High Court Review Of ERISA Action
• World Bank Lends Another $100M To Tanzania Bus Project
• Prudential Suit Over $523M In JPMorgan RMBS Returned To NJ
• UBS Portfolio Manager Loses Severance Bid At 2nd Circ.
• Groups Defend 2-Step FLSA Cert. Process At 5th Circ.
• Departing SEC Enforcement Chief Graded 'Incomplete'
• HP, Others Hit With Derivative Suit Over $11B Merger
• UK Parliament Wants Bank Ring-Fence 'Electrified'
• 2nd Circ. Affirms $220M Madoff Trustee Deal With Levy Heirs
• French Bank Off Hook For Debt Buyer's Defense Costs
• Ex-Anglo Irish CEO Arrested Over $183M Loan
• Where Does HR 4014 Leave CFPB's Supervised Entities?
• California Dreaming? CalPERS And San Bernardino's Ch. 9
• Aurora Loses Bid To Toss Calif. Mortgage Class Action
• Ex-Banker Nabbed Over Role In $2B Olympus Accounting Scam
• Squire Sanders Picks Up Finance Pair For London Office
• 2nd Circ. Won't Revive Lehman Securities Fraud Suit
• Libor Antitrust Risks Remain Despite Early Settlements
• House GOP's Sequestration Bill Slashes At Dodd-Frank Reforms
• Proposed FASB Rule Could Force Banks To Boost Reserves
• UBS Under Scrutiny For Possible Hong Kong Rate Misconduct
• Zurich Bank Employees Being Probed Over Tax Shelters
• UK Censures Gracechurch Over Stock-Hawking Tactics
• FDIC Suits Over Failed Banks Likely To Pick Up In 2013
• ResCap Wins More Time To File Ch. 11 Plan
• Beware Discovery In 3rd-Party Litigation Funding
• Foreign Broker-Dealers May See More 15a-6 Enforcement
• Regulators Push Reform Agenda Through UBS Libor Deal
• Expect More Libor Criminal Cases, Experts Say
• Dodd-Frank May Have Stabilized Biggest Banks, GAO Says
• UBS Deal Shows Some Banks Still Too Big To Indict
• 3 Swiss Bankers Indicted In $423M US Tax Evasion Case
• UBS Mea Culpa May Give Libor Antitrust Plaintiffs Upper Hand
• FINRA Panel Orders Morgan Keegan To Pay $1.4M To Investor
• Judge Nixes Ore.'s $29M Tax Claim Against WaMu
• HSBC Sued Over 'Deceptive' Overdraft System
• Taylor Bean Trust, US Agree On $18.6M Claim In Debt Dispute
• Judge Wary Of MF Global Customer Group's Deposition Push
• FATCA Law Tightens Net On Undisclosed Foreign Assets
• Family Offices Should Weigh CPO Registration Relief
• Getco, Knight Capital Agree To $1.4B Merger
• UBS Hit With $1.5B Fine After Admitting Role In Libor Scandal
• Fund's MBS Fraud Claims Time-Barred, Countrywide Says
• Ex-Deutsche Bank Managing Director Sues For Age Bias
• Lehman Sues For Coverage Of $288M Lending Fraud Losses
• 1st Circ. Won't Review Citizens Financial Overtime Class
• FHA To Boost Underwriting Standards To Stem Losses
• Lloyds Banking Taps UK FSA Counsel For GC Post
• Friedland Snags BNY Mellon NYC Office In $142M Deal
• Spanish Bank To Pay Aviva $804M To Settle JV Dispute
• Relators Ask 9th Circ. To Salvage Fannie, Freddie FCA Suit
• Wells Fargo Eyes Alternative Assets In Rock Creek Buy
• Basel Seeks Stiffer Capital Rules For Asset-Backed Securities
• Recent Surveys Highlight Anti-Corruption Trends
• SEC Names New Heads Of Trading, Corp. Finance Units
• Texas Bill Floats New Mortgage Servicer Disclosure Rules
• Ex-Goldman Coder Can't Collect $2.4M In Attys' Fees Yet
• BofA Escapes Class Suit In Calif. Over Frozen Accounts
• Madoff Victim Blasts $220M Levy Settlement At 2nd Circ.
• WaMu Units Escape From Insurers' MBS Fraud Suit
• DZ Bank Targets BofA For $546M In MBS Campaign
• FHFA Sues RBS Predecessor Over Securities Buyback Deal
• Freedom Mortgage Denies Loans To New Moms, Suit Claims
• CFTC Mandates Audio Logs Of Swaps Transactions
• Mass. Fines Morgan Stanley $5M Over Facebook IPO
• Credit Union Board Backs ResCap's Request For Mediator
• CFPB To Focus On Student Loan Marketing Materials
• Barclays Says FERC Manipulation Claims Won't Fly In Court
• NCUA Hits JPMorgan With Suit Over $3.6B In Failed RMBS
• NJ Appeals Court Backs TD Bank In $5.9M Loan Dispute
• Gupta Fights Goldman's Bid For $7M In Fees
• CFPB Consumer Notice Waivers Need State Buy-In To Work
• Judge Set 'Impossible Standard' For In-House Attys, ACC Says
• $12M Deal Frees Ex-IndyMac CEO From FDIC Mortgage Suit
• Fed Unveils Rules To Tighten Foreign Bank Supervision
• HSBC Won't Face $265M Suit Over Flatotel Fraud
• Federal Law Governs TCPA Actions, NJ Judge Finds
• New Pa. Bill Aims To Scrutinize Harrisburg Debt
• Deutsche Bank Ordered To Pay Damages Over Kirch Bankruptcy
• Talmer Gets Go-Ahead For $60M First Place Bank Buy
• Wells Fargo To Pay $24M To Settle Securities Lending Suit
• JPMorgan Beats Class Cert. In Debt Collector OT Suit
• Judge Guts Counties' Filing Fee Suit Against Merscorp, BofA
• US Slaps Sanctions On Iranian Nuclear Suppliers
• Ex-Wells Fargo Banker Indicted In $11M Insider Trading Case
• 5th Circ. Reverses Barclays Fee Award In Asarco Ch. 11 Case
• Finance Council Names No SIFIs At Year-End Meeting
• Credit Bureau Dispute Systems Fail Consumers, CFPB Says
• Enviros Target Ex-Im Bank Over $3B LNG Loans
• MBIA Ignored Risks Of $22B In MBS, Countrywide Atty Says
• The Impact Of US Lawsuits Against Non-US Banks
• UBS Reportedly Faces $1B In Fines Over Libor Manipulation
• House Passes Bill To End Banks' Privacy Notice Requirement
• Mitsubishi Buys BofA's Share In Private Banking Venture
• EU Agrees To Central Bank Regulator Amid Debt Struggles
• BoNY Says Notices In $8M Bankruptcy Settlement Were Proper
• Westernbank D&Os Lose Review Bid In $176M FDIC Suit
• Budget, Rule Disputes Kill FDIC Guarantee Extension Bill
• Trustee Objects To Milbank Dual Role In Lehman Bankruptcy
• BTMU To Pay $8.6M For Violating US Sanctions
• Legg Mason To Snag Fauchier Partners From BNP Paribas Unit
• US Bancorp Can't Dodge Insurer's MBS Suit
• Citi Concealed $65B In Losses During Housing Collapse: Suit
• CFTC's New Mutual Fund Rule Survives Challenge
• Countrywide MBS Breaches 'Incontestable,' MBIA Atty Says
• Senate Puts CFPB Confidentiality Bill In Obama's Hands
• HSBC Fired Veep For Whistleblowing, Suit Says
• Shareholder Challenges TD Bank's $668M Epoch Purchase
• Bombing Victims' Families Drop Suit Over Bank's Iran Assets
• Malaysian Tycoon Puts Up $1B To Take Guoco Group Private
• Ambac, MBIA Seek Jury Trials In Credit Suisse Fraud Suits
• Tiger Asia Pays $60M To End DOJ, SEC Insider Trading Probes
• Top Deutsche Bank Execs Eyed In German Tax Evasion Probe
• NY AG Can't Seek $150M Lehman Fees From Ernst & Young
• Lenders Cut Red Tape For Sandy Insurance Payments
• Fidelity Southern Sues For Coverage Of Overdraft Fee Case
• GOP Lawmakers Criticize CFTC Cross-Border Swaps Rules
• Open Season On Rating Agencies?
• FDIC Must Face BofA's Suit Over Taylor Bean Fraud
• Bondholders Slam CalPERS' Attempt To Sue San Bernardino
• En Banc 9th Circ. Hints at Narrow Ruling On Loan Arbitration
• Rakoff Ignored Contract Law In CDO Ruling, 2nd Circ. Told
• $1.9B HSBC Money Laundering Fine Shows Prosecutors' Limits
• PNC Bank Sues NJ Firm Hunt Hamlin For Note Default
• Real Estate Mogul Asks 2nd Circ. To Revive Citi Fraud Suit
• US Chamber Asks Trade Regulators To Review Volcker Rule
• Societe Generale, Weston Accused Of Mismanaging $100M Fund
• Dutch Fund's Suit Over $565M In Credit Suisse MBS Survives
• UBS' $686M Suit Needs Another Trim, Highland Tells Judge
• BofA Experience-Based Pensions Flout ERISA, High Court Told
• FDIC Guarantee Program Extension Moves To Full Senate Vote
• Home Depot Can't Rush Appeal In $7B Card Fee Deal: 2nd Circ.
• UK Authorities Arrest 3 In Libor-Rigging Probe
• BofA Dodges Opt-Out Text Spam Suit Following FCC Ruling
• JPMorgan Exec Sued Over Damage To Luxury Sublet
• KeyBank Case Could Gut Consumer, Employee Class Claims
• BankAtlantic Can't Shake Accounting Claims In Fraud Suit
• HSBC To Pay Record $1.9B Fine In Money Laundering Probe
• FDIC's $1.5B MBS Lawsuit Must Stay In Federal Court
• US, UK Plan For Failed Banks May Not Curb Regulator Fights
• Va. Office Park Secures $212M Financing From SunTrust, HSBC
• Contractor Admits Defrauding US, JPMorgan Over Iraq Cop Cars
• Ultra Petroleum Raises $225M In Gas Pipeline Sale
• Bankers, Tellers Hit Wells Fargo With OT Suit
• Jones Day Adds Herbert Smith Finance Partner In Singapore
• Property-Reporting Firms Not Liable For Flubs, 3rd Circ. Finds
• FDIC Notches $169M Judgment Against 3 Ex-IndyMac Execs
• 2nd Circ. Won't Revive Iconix Claims Over Merrill ARS
• Fannie, Freddie Pay Needs More Scrutiny, Says Watchdog
• SEC Says Ex-Morgan Keegan Directors Shirked MBS Valuations
• Standard Chartered To Pay $327M In New Iran Sanctions Deal
• Merrill Sweetens Deal With Ex-Advisers In Deferred Pay Suit
• Citibank, Discover Win Arbitration Bid In Student Loan Suit
• BofA, US Bancorp Can't Shake Fund's Suit Over WaMu MBS
• Judge Checks Out Of $15M Loan Row Against Host Hotels
• Community Banks Tame Regulatory Costs By Teaming Up
• Covington & Burling Nabs Regulatory Pro From CFTC
• ResCap Seeks More Time To File Ch. 11 Plan
• Goldman Fined $1.5M Over Trader's Hidden $8B Position
• UBS Clients Tell 7th Circ. Tax Fraud Suit Wrongly Axed
• Wells Fargo Wins Round In Investor Arbitration Appeal
• Lenders To Pay $30M Settlement To Le-Nature's Trustee
• Student Loan Agencies Immune From Qui Tam FCA Suit
• Goldman, CIFG Head To Mediation In $275M MBS Fight
• BofA Ducks Insurers' MBS Fraud Suit But Countrywide On Hook
• CFPB's Reach Extends To 'Larger Participants' And Beyond
• US Bank Claims Dibs On Extended Stay's $100M Guaranty
• Picard Fights Efforts To Revive Picower Suits In 2nd Circ.
• Judge Won't Rethink Class Claims In Capital One 'Puppet' Suit
• BlackRock Settles Employment Row With Ex-Fund Manager
• Ex-Morgan Stanley Risk Officer Settles $1M Suit Over Firing
• Banks Lose Bid To Stay Bear Stearns Mortgage Class Action
• Oil Field Appraiser Can't Sink Securities Fraud Suit
• E&Y, Fidelity Beat Suit Over 2008 Lehman Bankruptcy
• FDIC Gets $900M Guaranty MBS Suit Sent Back To State Court
• DeMint's Resignation Leaves Openings In Key Committees
• Deutsche Bank Case Puts SEC Enforcement Head In Spotlight
• DOL's Loan Officer Status Change Violates APA, DC Circ. Told
• Standard Chartered To Pay $330M More Over Iran Violations
• SEC Says Money Fund Reforms Wouldn't Have Averted Crisis
• JPMorgan Seeks Dismissal Of Syncora, Assured Cases
• GOP Sens. Attack HUD Response To FHA Reserve Shortfall
• CIBC Win In Leasing Suit Still Stands, Judge Rules
• Norton Rose Aids Barclays In $2.1B Africa Deal With Absa
• 2nd Circ. Grants Gupta Speedy Appeal
• Sovereign Immunity Analysis In Subscription Credit Facilities
• $104M Whistleblower Award — A Sign Of Things To Come
• Deutsche Bank Accused Of Hiding Up To $12B In Losses
• Citi Unit Says Developer Owes $43M In Jet Loan Payments
• Ocwen Must Appoint Monitor To Oversee Mortgage Servicing
• Calif. Ruling Reveals High Bar For RESPA Class Actions
• Court Chides Atty For Letter To Judge In Securities Case
• FERC Nixes JPMorgan Suit Over $3.7M In Energy Payments
• Citigroup Asks 2nd Circ. To Kill Opt-Out Securities Suits
• Chicago, CFPB To Share Predatory Lending Data
• Insurer Claims Goldman Misrepresented Failed $325M CDO
• SEC Sues Wells Fargo Banker In $11M Insider Trading Case
• NY Law Doesn't Block $70M BofA Fraud Suit: Concord Atty
• Thelen Seeks Approval Of $1.4M Citibank Settlement
• Credit Suisse Can't Ditch FHFA's Securities Loss Claims
• MF Global Trustee Says 28,000 Customer Claims Mostly Settled
• SEC Exodus Claims GC, Trading And Markets Chief
• Bank Accuses Wilk Auslander Of Excessive Billing
• Credit Unions Oppose Extension Of FDIC Guarantee Program
• HSBC Swings $9.4B Deal For Ping An Stake
• Maxine Waters Tapped To Lead Dems On House Financial Panel
• Citizens Bank, PNC Hit With Suits Over ATM Fee Notices
• Fee Bid Rebuffed, Attys Chided In Morgan Keegan OT Case
• Judge Releases Barclays From Criminal Sanctions Case
• Ex-Im Bank OKs $2B In Financing For Indian Oil Project
• OSG Can't Justify Bond Waiver For $320M Funds: US Trustee
• NY Fed Contractor Gets Home Confinement For Code Theft
• Warren To Get Senate Banking Committee Seat
• BofA Says It Warned German Bank Of Risk In $56M RMBS Buy
• Target, Macy's, Others To Appeal $7.3B Swipe Fee Deal
• JPMorgan, Cerberus Not Bowled Over By AMF Ch. 11 Plan
• UBS Wins Arbitration Bid In Financial Advisers' OT Fight
• WaMu Trust Alleges Naked Shorting By Goldman, Seeks Probe
• 7th Circ. Yanks BNY Mellon Win In $312M Sentinel Claim Case
• BofA Sues Wells Fargo Over Home Loan Buyback Demand
• FHFA Expert Loan Sampling Method In RMBS Suits Gets OK'd
• 2nd Circ. Grants Gupta's Bail Bid
• SEC Makeover Continues As Corporate Finance Head Bows Out
• Glass-Steagall Revival Wouldn't Curb Crises, Fed Gov. Says
• Madoff Trustee, Feeder Funds Reach $24M Settlement
• FINRA Should Take Action Against MF Global, Dems Say
• BofA Dodges Merrill Investors' MBS Actions In 2nd. Circ.
• The Latest UDAAP Battleground: Mortgage Advertising
• Why The SEC's Position In Gabelli V. SEC Doesn't Hold Up
• Regulators Eyeing Libor Reform, Treasury Official Says
• SEC Denies JOBS Act Rule Was Delayed To Protect Legacy
• Texas Judge OKs $66M Award In Hospital Investor Suit
• CME Probes Morgan Stanley Director's Treasury Trades
• Watchdog, Banks Push For Review Of CFPB Exam Process
• SEC Money Market Fund Reform Uncertain Under Krawcheck
• RE Moguls Sue UK Fraud Office Over Icelandic Bank Sting
• Ex-Freddie Mac GC, SNR Denton Atty Joins Greenberg Traurig
• TCW To Move Forward With Sale To Carlyle Despite EIG Suit
• GCs Name Most Arrogant Law Firms
• $110M Deal Over Kinder Morgan's El Paso Buyout Gets OK
• BofA Shareholders' Attys Want $177M From $2.4B Settlement
• Harbinger, Falcone Say SEC's Fraud Claims Fail
• Strict Risk Retention Rule Imperils Recovery, Biz Group Says
• High Court Won't Hear State Street Appeal Of GM ERISA Suit
• Wells Fargo Execs, Investors Settle 2 Wachovia Suits
• Deutsche Bank Accuses GE Units Of $390M MBS Loan Fraud
• 6th Circ. Nixes $457M MBS Suit Against Ratings Agencies
• BofA Seeks To Keep Fontainebleau Loan Info Confidential
• Huntington Unit To Pay $3.1M To End Loan Officers' OT Suit
• More Changes To Come For Remittance Rule