Banking Archive » November, 2013

Banking - November, 2013

348 articles

• ISDA Bashes Quinn's Bid To Dodge DQ In Swaps Rigging Suits
• ResCap Settlement Allowing $1.2B In FHFA Claims OK'd
• Fla. Appeals Court Adds Rules On Pro Se Bar To Civil Suits
• Barclays Must Pay $2.1M To Trader Fired Amid Libor Scandal
• Texas Court Reopens Foreclosed Hotel Coverage Case
• Europe's Real Estate Recovery Gains Momentum
• NY's Stance On Cybersecurity: Behind The News
• EC Finds No US Breach Of Bank-Data Sharing Program
• CFPB Seeks Info On Options For Extra Student Loan Payments
• Deutsche Bank Tells Appeals Court $330M MBS Suit Untimely
• Serbia Gets €274M Financing For Road Rehab
• Highland Asks 5th Circ. To Revive $15.5M BofA Loan Suit
• Credit Union's $78M Claims Against ResCap OK'd By Judge
• Pa. High Court Affirms Bank's $11M Confession Of Judgment
• Violin Memory Hid Troubles Before $146M IPO, Suit Claims
• AfDB Doles Out $113M To Fund Hydropower Project
• Valley National Bank, Genova Burns Hit With $90M RICO Suit
• RBS Sells WorldPay Stake To Advent, Bain Capital
• Female Powerbrokers Q&A: Sidley's Sara Brody
• Female Powerbrokers Q&A: Morgan Lewis' Grace Speights
• More Efficiency Means Lower Compliance Costs, CFPB Says
• Deals Rumor Mill: Blackstone, Compuware, Panasonic
• Corus To Pay $246M To Settle FDIC Tax Dispute
• TMT Creditor Seeks Bankruptcy Court's Nod To Sell Ship
• Insurers Too Late With BofA MBS Appeal, 9th Circ. Hears
• Development Bank Grants $159M For Afghanistan Power Line
• Rothschild PE Unit Spins Off, Becomes Keensight Capital
• ResCap's Mortgage Loan Borrower Deal Gets Green Light
• Fla. Law Firm Pays $1M To End Nadel Receiver's Suit
• Senate Dems Push Obama For Tough CFTC Chairman Pick
• House Banking Committee Passes CFPB Reform Bills
• Sovereign Bancorp Seeks To Recoup $234M In Taxes From IRS
• With New Law, Mongolia Opens To Investors
• Fannie Mae Should Pay Mass. Transfer Taxes, 1st Circ. Told
• US Ex-Im Bank Loans $61M For Costa Rica Wind Farm Project
• FHFA Holds Fannie, Freddie Loan Limits Steady For Now
• Deals Rumor Mill: Repsol, Blackstone, RBS
• UBS Can't Stop Highland Transfers In $686M Fraud Suit
• Ex-JPMorgan Manager Cops To Laundering $50M For Crime Op
• How STARS Cases Apply Economic Substance Doctrine
• SEI Fined $1.5M In UK For Client Money Breaches
• FHFA Wants Fannie, Freddie To Wrap Up Mortgage Cases
• Quinn Emanuel Battles DQ Bid In Swaps Antitrust Row
• Female Powerbrokers Q&A: Mayer Brown's Libby Raymond
• Female Powerbrokers Q&A: Reed Smith's Colleen Davies
• Banks Face Patchwork Volcker Rule If Agencies Fail To Agree
• 1st Circ. Seeks Top Mass. Court's Take On Foreclosure Laws
• GE, JPMorgan Can't Kill Investors' $2B MBS Trust Suit
• Morgan Stanley Urges 2nd Circ. To Ax Pair Of ERISA Suits
• FDIC Asks Directors And Officers: Are You Insured?
• Greece's NBG Inks $882M Sale Of Majority Stake In RE Arm
• Ex-Bank of Choice CEO Settles Securities Fraud Charges
• Judge Limits $951M Deutsche Bank MBS Case To Bad Loans
• ResCap Confirmation Trial Will Wrap Up In December
• GPT's $3B Offer Bumps Dexus Bid For Aussie Office Trust
• Credit Suisse Settles For $3.4M With WG Trading Receiver
• Deals Rumor Mill: Blackstone, Glencore, Equity Residential
• Female Powerbrokers Q&A: Hogan Lovells' Janet McDavid
• Female Powerbrokers Q&A: DLA Piper's Lisa Haile
• Fifth Third, Freddie Mac Reach $25M Mortgage Settlement
• International Tax Transparency Is Gaining Momentum
• EEOC Wants Bank Sanctioned For Destroying Evidence
• Wife Can't Block Seizure Of Fraudster's Accounts: 2nd Circ.
• Credit Suisse Criticized As Banker Gets 30 Month Sentence
• Feds Want Ex-Wells Fargo Exec Added To Bank Fraud Case
• Investors Hit Barclays, UBS, Others With $100M Libor Suit
• 5th Circ. Affirms Conviction Of $14M Bank Fraudster
• Top Fed Official Wants Rules To Extend To Shadow Banking
• Merrill Lynch, BofA Beat $143M CDO Suit In 2nd Circ.
• Uzbekistan Gets $110M For 100-Megawatt Solar Power Plant
• Liquidity Coverage Ratio: What It Means For End Users
• Capitol Bancorp Judge OKs Bank Sale Over Creditor Protests
• SEC's Support Sought On User Fees For Investment Advisers
• 2nd Circ. Won't Revive Subprime Class Action Against ING
• Insurer Seeks Limited Appeal In GMAC Kickback Action
• Firing Voids Mortgage Lender's Noncompete, Judge Says
• DOJ Moves To Block AmEx Case Consolidation In NY
• Court Urged To Ignore Objection To $160M Merrill Bias Deal
• Female Powerbrokers Q&A: Norton Rose's Jane Smith
• Female Powerbrokers Q&A: Jones Day's Mary Ellen Powers
• JPMorgan GC Blasts Use Of Overlapping Enforcement Actions
• Deals Rumor Mill: Time Warner, BC Partners, Spotify
• What To Expect From CFPB's Consumer Complaint Process
• Lehman Brothers Sues LCOR For $83M Over Swap Termination
• Madoff Trustee's $800M Deal With Major Investor Scrapped
• UBS Avoids Fines In EU Libor Investigation
• Ex-Needham CFO Cops To Embezzling $1M
• Intesa Ruling Creates Virtual Minefield For NYC Employers
• Nev. High Court Split The Baby In Key Foreclosure Law Case
• Fla. Appeals Court Backs Dismissal Of Unpaid Tax FCA Suit
• NY Banks Shielded From Suits Under Account-Freeze Law
• Almunia Says 'Fresh News' Coming Soon On Libor Probe
• Managers Of Busted $2.5B Hedge Fund Fight Class Cert.
• 3 Tips For Navigating Sharia-Compliant Real Estate Deals
• FDIC Will Give Full Outline Of Big Bank Wind-Down Plans
• Senate Panel Approves Yellen For Fed Chair
• Regulators Set Rules On Short-Term, Small-Dollar Loans
• Deals Rumor Mill: Hilton, Loeb, Bain Capital
• CFPB Plans To Turn Attention To Bank Payments System
• CIBC Unit Dropped From Oppenheimer's $176M Suit
• Female Powerbrokers Q&A: Weil's Mindy Spector
• Female Powerbrokers Q&A: Hunton & Williams' Sandy Collins
• Liechtenstein, San Marino Sign Int'l Tax Info Accord
• BofA, Ex-Exec Say 'Hustle' Verdict Doesn't Warrant Fines
• Clearinghouse Safety Key To Derivative Reform: Fed Gov.
• Lloyd's Seeks End To Coverage Suit Over $16M ATM Theft
• Bankrupt Holding Co.'s Plan To Sell Dallas Bank OK'd
• $13B JPMorgan Deal Leads To New Investor Suit In Calif.
• Feds Seek $103M From Fugitive Loan Broker For SBA Cons
• How Some Attorneys Succeed Where The 'Elite' Fail
• UniCredit Case A Win For NY Bank Taxpayers
• CFPB Staffer Says Military Lending Act Needs Updating
• Lenders' Litigation Risks May Grow With New Mortgage Forms
• ResCap Bondholders Grill CRO On Intercompany Debt
• JetBlue Sues Visa, MasterCard Over Interchange Fee
• NJ Wells Fargo Toughens Policies Under Sex-Harassment Deal
• Corzine, MF Global Managers Appeal Customer Payout Ruling
• ADB Gives $240M Loan To China Wastewater Treatment Co.
• CFPB Hits Payday Lender Cash America With $19M Penalty
• GE Capital Pays $2B For Deutsche Postbank's Loan Portfolio
• Treasury, ITC Nominees Pressed On Currency, Transparency
• Female Powerbrokers Q&A: Morgan Lewis' Jami McKeon
• Female Powerbrokers Q&A: Sidley's Sara Gourley
• Hungarian Cartel Probe Yields $43M In Fines For 11 Banks
• CFPB Says New Mortgage Forms Reinforce Borrower Protection
• Goldman PE Unit To Pay $900M For Kelso & Co.'s PSAV
• Ex-Madoff Controller Testifies Against Former Co-Workers
• $13B JPMorgan Deal Raises Stakes For DOJ In Criminal Probe
• Regulators Likely To Use $13B JPMorgan Deal As Template
• DHS Official Pushes For Cybersecurity Liability Exemption
• S. Korean Co. Hits Big Banks With New Forex Class Action
• ResCap Touts Ch. 11 Plan As Bondholders Push For More Pay
• Judge Urged To Nix BofA's $8.5B 'Frankenstein' MBS Deal
• FATCA Compliance Uncertainties Keep Lawyers Up At Night
• DC Circ. Won't Release Bank Funds For Iran Terror Victims
• Deals Rumor Mill: JPMorgan, Devon Energy, Verizon
• Countrywide Pays $6.2M To Settle OT Claims
• Calif. High Court Needn't Mull Seating Rule, 9th Circ. Told
• JPMorgan Agrees To $13B Mortgage Settlement
• Ex-CFTC Official Says Parallel Proceedings Will Increase
• Wells Fargo Says It Deserves $164M Tax Refund
• GPT Duels Dexus With $3B Bid For Aussie Office Trust
• Female Powerbrokers Q&A: Miller Canfield's Megan Norris
• Expert Deposition Tips For Young Lawyers
• Female Powerbrokers Q&A: Buchanan's Wendy Newton
• TMT Demands Release Of Ships From Secured Creditors
• 2nd Circ. Says It Won't Rehear Argentina's $1B Debt Appeal
• Bankrupt BPP Fights Receiver Plan After Hotel Selloff
• BofA Escapes Reinsurance Pay-To-Play Class Action
• JPMorgan, DOJ Agree To $13B RMBS Settlement
• Top Official At Venezuelan State Bank Admits To Bribes
• Credit Suisse Wants Highland Refi Dispute Booted From Texas
• BNY Forex Judge Finds Lieff Cabraser, Others Misbehaved
• NY Regulators Turn Their Attention To Bitcoin
• BofA Investors Urge Judge To Greenlight $8.5B MBS Deal
• Senate Panel Sets Thursday Vote On Yellen For Fed Chair
• FTC Settles With Payment Processing Co. Over $16M Scam
• 9 Firms Surge Onto GC All-Stars List
• Skadden The Firm Most Loved By General Counsel
• Quinn Emanuel Faces DQ Bid In CDS Antitrust Row
• JPMorgan Can't Escape E-Commerce Patent Suit
• Top Dems Demand Answers On Failed Foreclosure Reviews
• 9 Top Firms Tumble From List Of GC Favorites
• Geithner Joins Warburg Pincus As President
• Ontario Teachers Pension Plan Buys Burton's Biscuits
• MF Global Ordered To Pay $1.2B To Commodities Customers
• NY DFS Prepares Real-Time Banking Cyberthreat Survey
• Aberdeen Puts Up $1B For Lloyds Asset Management Unit
• GCs Name Most Arrogant Law Firms
• More Firms Get Serious About Keeping GCs Happy
• Deals Rumor Mill: Apple, AIG, RRJ Capital
• When It Comes To Law Firms, Size Doesn't Matter, GCs Say
• Banking MVP: Quinn Emanuel's Philippe Selendy
• Female Powerbrokers Q&A: Irell & Manella's Andra Greene
• Female Powerbrokers Q&A: Thompson & Knight's Emily Parker
• Ackman's Pershing Square Nabs Stakes In Fannie, Freddie
• JPMorgan Inks $4.5B RMBS Deal With Institutional Investors
• Banks Must Police Consultant Conflicts Under OCC Guides
• Hedge Fund's Fraud Allegations Revived Against JPMorgan
• Austria, Luxembourg To Block EU Tax Evasion Proposal
• Fairholme Changes The Game For Fannie And Freddie
• CFPB Accuses Mortgage Insurer Of Giving Lenders Kickbacks
• Peltz's Trian Fund Divests $122M Stake In State Street
• DOJ Probing Goldman, JPMorgan Aluminum Storage Deals
• JPMorgan Loses Bid To Thwart Class Arbitration In Wage Suit
• Capital One Can't Dodge Credit Card Fee Class Action
• Banking MVP: Nossaman's Patrick Richard
• IRS Asserts Immunity In Bank's $9M Refund Claim
• CFTC Closes Loophole On Cross-Border Swaps Trading
• Female Powerbrokers Q&A: Quarles & Brady's Kim Johnson
• Female Powerbrokers Q&A: Duane Morris' Dominica Anderson
• ResCap Wins In Bondholder Row Over $342M Interest Payout
• Deals Rumor Mill: Forbes, Uralkali, Blackstone
• Fla.'s 'Safe Harbor' Most Litigators Are Not Familiar With
• Excess Insurers Gain Another Ally On Exhaustion Question
• Banking MVP: Shearman & Sterling's Maura O'Sullivan
• SEC's White Says More Trials In Agency's Future
• NJ Settlement Saves Feds' Disparate Impact Use — For Now
• NY Tax Regime In Need Of Major Overhaul, Report Says
• Detroit Can't Keep Fees For $350M Barclays Loan Secret
• Comerica Bank To Pay $15M To Escape Overdraft MDL
• Good News For Small Exchanges With China
• GAO Says Biggest Banks Benefited Most From Bailout
• Mendocino County Sues BofA, Others Over Libor Losses
• LCD Price-Fixing Appeal Stalls $28M Alioto Loan Fight
• Investors Seek To Revive $331M UBS Fraud Suit
• ADB Pledges $523 Million In Typhoon Yolanda Relief
• Fed Will Turn Up Heat On Big Banks, Yellen Says
• Yellen And The New Fed
• Davis Polk Scores Ashurst Finance Expert For London Office
• NJ Town Settles Fight Over Plan To Raze Poor Neighborhood
• 2nd Circ. Broadens Lenders' Debt Collection Liabilities
• Fight Over Failed $3B Las Vegas Resort Nears Settlement
• Homeowners Ask Texas High Court To Cap Equity Principal
• BNP Paribas To Pay $4.38B For Belgian Fortis Stake
• Despite Revival, CMBS Market Still Not Out Of The Woods
• 5 US Banks Ordered To Deliver Docs On Foreign Accounts
• Yellen May Be Forced To Defend Fed's Role As Regulator
• Ann Taylor Customers Win Class Cert. In LOFT Card Case
• Reinsurer Exec Says Industry Can Take On Terrorism Risks
• Ambac, Investor MBS Suits Deserve The Ax, Nomura Atty Says
• Asian Economies Are Struggling — Again
• SEC Says Court Can't Block Probe In Arjent Fight
• Banking MVP: Weil Gotshal's Daniel Dokos
• Brazilian Bank With $450M Debt Gets Ch. 15 Protection
• Deals Rumor Mill: Bain Capital, Lloyds, CalPERS
• CFTC Can Use Whistleblower Fund For Travel Expenses: GAO
• Making Common Sense Of The Common Framework
• Barclays Loses Bid To Ax AHM Trustee's $45M Contract Suit
• US Bank's Fraud Claims Tossed From $100M Guaranty Row
• Lodging CMBS' Shining Star Status Could Fade By 2015
• Massad Faces Rough Road Atop Resource-Strapped CFTC
• Broker Sues US Bank Over $200M Peregrine Theft
• CFPB Data Collection Protects Privacy, Cordray Says
• Madoff Employee Gave Fake Docs, Accountant Says
• MF Global Must Face Suit Over $1.6B In Missing Funds
• Nomura Says Suits Over $2.8B In MBS Were Filed Too Late
• UBS Wins Appeal To Compel Arbitration In ERISA Case
• Banking MVP: Arnold & Porter's Robert Azarow
• Bear Stearns Liquidators Allege Ratings Agencies Ran Scam
• Schnuck Sues Card Processors To Recoup Data Breach Funds
• Are Condo Hotels Making A Comeback?
• Obama To Tap Ex-Cravath Partner To Lead CFTC
• GrayRobinson Adds Ex-FDIC Counsel To Ft. Lauderdale Office
• A Close Look At Capital Call Facilities
• Payment Card Industry Group Retools Data Security Rules
• BofA Says Feds' $850M MBS Fraud Case Falls Short
• Banks Caught In Middle Of Regulators' Fair-Lending Pursuits
• Holland & Hart Still On Hook In Nevada Real Estate Deal
• 4 Hot Bargaining Zones In Tribal Casino Debt Deals
• TMT Group Sent To Mediation With Secured Lenders
• Libor Ruling To Spur More Rate-Fixing Suits
• Feds' Defenses Trimmed In Starr's $55.5B AIG Bailout Suit
• A Peek Inside The New Data Privacy Lawsuit Playbook
• Quinn Emanuel Adds Ex-Cleary White Collar Pro In DC
• Shutdown Caused Delay Of $4B In Tax Refunds, OMB Says
• Law360 MVP Awards Go To Legal Top Guns From 58 Firms
• Controversial DataTreasury Patents Face Biz Method Review
• Wealthy Saudi Family Sues Arcapita Over $3.5M Investment
• Deals Rumor Mill: AstraZeneca, ICBC, Johnson & Johnson
• Deutsche Bank Triumphs In $8B UK Suit Over Margin Calls
• White House Taps BofA Exec For Commerce Trade Post
• 'Shadow Banking' Watchdogs Eye Asset Managers
• Fed Moves To Shed Some Light On Stress Tests
• Court OKs Libor Claims Against Barclays, Deutsche Bank
• McCarter & English Adds Securities Ace To Newark Office
• Fannie, Freddie Riches Could Slow Housing Finance Reform
• Utah Mortgage Co. To Pay $13M Over Loan-Steering Scheme
• Goldman Sachs Being Investigated In Global Forex Probe
• Nation's 4th-Largest Tax Prep Service Shuttered For Fraud
• Texas Court Affirms Chesapeake's Win In Oil Lease Row
• Feds Seek Citibank, BNYMellon Records In Tax Dodge Dragnet
• GPE Sells $325M Stake In London Site To Hong Kong Agency
• Susquehanna Bank Puts Up $3.7M To Exit Overdraft MDL
• A Touch Of Solace For Broker-Dealer Compliance Personnel
• Deals Rumor Mill: AMR-US Airways, Rupert Murdoch, Vale
• RBS To Pay $150M In Mortgage-Backed Securities Settlement
• Miami Beach's W Hotel Wins $140M Refi From Wells Fargo
• Morgan Lewis Rips Developer's Bid To Revive Malpractice Suit
• Deutsche Boerse Pays $152M To Settle Iran Sanctions Probe
• 9th Circ. Urged To Revive Car Buyer's GMAC Loan Suit
• Former Anglo Irish Bank Says It Has 'Unique' Case For Ch. 15
• Lehman Sues Credit Suisse Over $1B In Bankruptcy Claims
• Agfa Hits Goldman, Others With Aluminum Price-Fixing Suit
• CFTC's Position Limits Could Put Energy Cos. In Costly Bind
• CFPB Aims To Fill Gaps With Coming Debt Collection Rules
• Chase Looks To Sink Suit Over Lost Credit Card Balances
• ResCap, Bondholders Throw Final Punches In Interest Row
• Deals Rumor Mill: BlackBerry, KKR, Telefonica
• Wells Fargo Pays $335M To Settle Fannie, Freddie MBS Claims
• Citigroup Denies Fault For Ex-Salomon Head's Secretary Theft
• Why High Stakes Legal Failures Happen
• A Guide To Running Stress Tests In Light Of Basel III
• NBK Capital Launches $300M Fund For MENA Investments
• Kilpatrick Townsend Adds BofA E-Discovery, Privacy Pro
• Senators Push To Close Penalty Payment Tax Loophole
• CFPB Adds Payday Loans To Consumer Complaint Database
• TD Ameritrade, SocGen Broker-Dealers Face $1.8M In Fines
• CFPB Aims To Modernize, Expand Debt Collection Rules
• US Bank Can't Escape Suit Over $215M Peregrine Fraud
• 9th Circ. May Seek Calif. High Court Input In Seating Suits
• MF Global Gets Nod To Repay Commodities Customers In Full
• JPMorgan Hit With Reinsurance Kickback Suit
• Ally Financial Reveals CFPB Probe Of Auto Lending Practices
• 2nd Circ. Scraps Investor Suit Against Freddie Mac
• Deals Rumor Mill: NYSE Euronext, One Equity Partners, KKR
• Fannie, Freddie Ordered To Limit Force-Placed Insurance
• Gupta Challenges $14M Insider Trading Fine In 2nd Circ.
• CFTC Votes To Consider New Position Limits On Derivatives
• Calif. Court Sticks XL With $9M Payout In Bank D&O Case
• Prominent CFTC Commissioner Chilton To Step Down
• Money Laundering Charges In FCPA Cases Bring Unique Risks
• Chief Justice Roberts Turns Up The Heat On Cy Pres Pacts
• 7th Circ. Junks Force-Placed Insurance Suit Against Wachovia
• ResCap Confident Ch. 11 Exit Will Be Smooth
• $13B JPMorgan Settlement To Resolve Soon, Holder Says
• Judge Denies Cert. In BofA Force-Placed Insurance Row
• Homeowners Warned Of Forced-Insurance, Wells Fargo Says
• Barclays, Citigroup Hit With Forex Class Action Amid Probe
• Merscorp, BofA Escape Texas Counties' Fraud Claims
• Corzine, Execs Blast MF Global Trustee's Negligence Suit
• Wells Fargo Workers Again Denied Class Cert. In OT Suit
• Banks In MBS Row Want Loss Causation Defense Heard In Va.
• BB&T Sued By 16 NFL Players Over $53M In Withdrawals
• BofA Beats Claims That It Hid AIG's Impending $10.5B Suit
• Deutsche Bank Must Face Quiet Title Case, NJ Court Says
• TMT's Unsecured Creditors Demand End To Litigation Wave
• HSBC Latest To Be Ensnared By Global Forex Probe
• Rep. Aims To Kill Tax Break In JPMorgan's $13B MBS Deal
• Justices Won't Touch Facebook's $9.5M 'Beacon' Privacy Deal
• Takeaways From Diebold's FCPA Settlements
• 4 Steps CTL Lenders Can Take To Minimize Bankruptcy Risks
• 2nd Circ. Upholds Stay In $1.4B Argentina Debt Appeal
• TMT Accused Of Iranian Oil Trafficking By Ch. 11 Creditor
• SEC Sides With Barclays In Oil Trustee's $143M Fee Appeal
• Holding Co.'s Creditors Rip Plan To Sell Dallas Bank
• Morgan Stanley Sues Ex-Adviser For Changing Client Records
• US Bank Hits Citigroup With $157M Suit Over Bad Mortgages
• Fla. AG, BNY Mellon Reach $28M Deal In Pension Fund Row
• Calif. City Says BNY Can't Sue Over Mortgage Seizure Plan
• Euro Banks Launch $135M Balkan Infrastructure Fund
• Who Owns The Tax Refund Attributable To A Distressed Bank?
• JPMorgan Subpoenaed Over Asian Hiring Practices
• Ohio Bank Says Ex-Employee Stole $2.7M In Tax Project Fees
• Swiss Pay $1.6B To UK, Austria Over Untaxed Assets In Banks
• Citigroup Latest To Reveal Cooperation In Forex Probes
• RBS To Put $61B Assets Into 'Bad Bank,' Spin Off Citizens
• CCB Puts Up $716M For Majority Slice Of Brazilian Bank