Banking Archive » February, 2014

Banking - February, 2014

353 articles

• Citigroup Reports $400M Fraud In Mexico Unit, Lowers Results
• Prudential's MBS Racketeering Claims Too Late: Countrywide
• Hospital Group Urges CFPB Caution On Debt Rulemaking
• Judge Asked To OK Deal Over HSBC Force-Placed Policies
• Schwartz Simon Sued For Malpractice In Mortgage Firm Row
• McDermott Nabs Energy Litigator From Akin Gump
• NJ Assembly OKs Foreclosure Maintenance Bill
• DC Circ. Won't Reopen Bankrupt Condo Developer's Appeal
• Female Powerbrokers Q&A: Covington's Christine Haskett
• Female Powerbrokers Q&A: Holland & Knight's Anita Mosner
• NY Court Revives Damage Claims In $1.8B Credit Suisse Suit
• Calif. AG Floats Cybersecurity Guide To Combat Breaches
• Feds Say 2 Liberty Reserve Employees To Be Extradited
• Bitcoin Exchange Files For Bankruptcy Amid US Investor Suit
• BB&T Says It Will Appeal $74M Tax Fraud Ruling
• Takeaways From The CFPB's Administrative Adjudications
• $300M JPMorgan Force-Placed Deal Gets Judge's OK
• Why London Courts Are So Popular With Foreign Parties
• TD Asks 11th Circ. To Nix $67M Rothstein Scheme Verdict
• Societe Generale To Pay $122M To Settle Toxic MBS Suit
• House Republicans Push Through CFPB Reform Bill
• Former ABN Amro Atty Sues Over 'Black' Remark
• Madoff Aide's Bentley, $6.5M Dream House Shown To Jury
• Barclays Investors Mount Libor Fraud Case In 2nd Circ.
• Alternative Transaction Structures: Germany's New Normal
• JPMorgan Consolidates Offices, Moves Some To Brooklyn
• Quinn Emanuel Deserves To Be Lead Forex Counsel: Philly
• 5 Answers From The GOP Tax Proposal
• FRCP Discovery Amendments Prove Highly Controversial
• Pols Want Crackdown On Banks Over Payday-Lender Links
• Yellen Says Fed Has No Authority Over Bitcoin
• Identity Theft Tops FTC Consumer Complaints In 2013
• CFPB Wants Card Issuers To Provide Free Credit Scores
• Female Powerbrokers Q&A: Buchalter's Shawn Christianson
• Female Powerbrokers Q&A: Robins Kaplan's Hollis Salzman
• Jailed Va. Bank CEO Avoids Civil Penalty In SEC Settlement
• RBS Dodges Some Claims In Securities Fraud Suit
• Permira Buys Deutsche Unit To Form $15B Wealth Manager
• Deals Rumor Mill: WhatsApp, Jos. A. Bank, Carlyle
• Lehman Creditors Drop Appeal, $9B Swiss Unit Deal Freed Up
• Proskauer, Chadbourne Could Face Billions In Damages
• Former UBS Banker Pleads Guilty In Tax Probe
• Credit Suisse Says Insurer Spoke Up Too Late On $250M MBS
• Credit Suisse Says MBS Investor Class Can't Expand
• Wells Fargo To Pay $15M To Settle Loan Worker Pay Dispute
• Tax Reform Bill A Blueprint For Grand Compromise
• DOJ's Top Criminal Prosecutor To Step Down In March
• CFPB Fines Mortgage Lender For Illegal Fee Splitting
• Sens. Push DOJ To Pursue Swiss Banks On Tax Evasion
• 11th Circ. Affirms Dismissal Of SunTrust Worker's ERISA Suit
• Jeffer Mangels Lands Former Dentons Finance Partner
• Ocwen Under NY Banking Regulator's Probe Over Biz Practices
• UK Regulator Fines FXCM £4M For Withholding Profits
• NY Fraud Law Brings Banks To Heel On 'Insider Trading 2.0'
• GE To Pay $1.7B To End Shinsei Refund Deal
• CFPB Sues ITT Over Deceptive Student Loan Practices
• D&O Insurers Move To Settle IndyMac Fight At 9th Circ.
• Visa Resolves EU Antitrust Probe With Interchange Fee Limits
• Female Powerbrokers Q&A: Sedgwick's Stephanie Sheridan
• Female Powerbrokers Q&A: Pryor Cashman's Colleen Caden
• High Court Should Reverse 4th Circ.'s Flawed FCA Ruling
• Senate Panel Grills Credit Suisse CEO On Tax Evasion
• Subscription Credit Facilities — Where They Are Headed
• Icahn Again Targets EBay Board In Push For PayPal Spinoff
• Credit Suisse Helped Hide US Funds, Senate Panel Says
• Computers Don't Make Abstract Ideas Patentable, Justices Told
• Miami Firm Sued For Negligence Over $80M Recovery Suit
• Morgan Stanley Seeks To Quash HSH's $524M RMBS Action
• Dinsmore & Shohl To Merge With Peck Shaffer
• BofA Says FX, Mortgage Practices Under Investigation
• Syncora, JPMorgan Bring RMBS Litigation To An End
• Mt. Gox Shutdown Highlights Bitcoin Consumer Pitfalls
• Morgan Stanley In Tentative $275M Pact With SEC Over MBS
• Lehman Bros. Loses Contract Suit Over $29M In Dividends
• The Unstoppable Trailblazer: Judge Shira Scheindlin
• Morgan Stanley Dodges Class Action Over Insurer Kickbacks
• Capital Corp Pours $327M Into Future Spanish Resort
• Insurance Biz Lobbies Sens. To Extend Terrorism Backstop
• Deutsche Bank Neglects Homes In Minority Areas, Suit Says
• Citi, Home Lending Specialists Reach Deal On OT Claims
• FDIC Blasts JPMorgan's Tax Claims In WaMu Coverage Suit
• Future Of Mt. Gox Bitcoin Exchange Uncertain Amid Shutdown
• CFPB Probing Discover Bank's Student Loan Practices
• A Close Look At M&A Brokers' New Registration Exemption
• LeClairRyan Snags Ex-Hinshaw Employment Ace For LA Office
• Insurers Lose Bid To Revive $1.8B MBS Suit In Top NY Court
• How Fisker Changes The Bankruptcy Asset Sale Landscape
• Female Powerbrokers Q&A: Dentons' Kara Baysinger
• Female Powerbrokers Q&A: Winston & Strawn's Joan Fife
• Madoff Aides' Trial Halted Due To Juror's Medical Issue
• Western Union Under Investigation For Fraudulent Transfers
• Ex-Madoff Aide Says She 'Never Knowingly' Committed Fraud
• 5 Questions About The GOP Tax Proposal
• Ex-Employee Accuses FINRA Of Discrimination, Retaliation
• Dodd-Frank Whistleblower Protections Not Retroactive: Judge
• DOJ Says State Cooperation Key To Fighting Financial Fraud
• Wells Fargo Beats Merchant Class Action Over Hidden Fees
• SEC Examiner Gets Deferred Prosecution Deal In Ethics Case
• Denmark's Jyske Bank Puts Up $1.4B For Mortgage Lender
• 2nd Circ. Securities Transfer Safe Harbor Ruling To Stand
• Female Powerbrokers Q&A: Bingham's Debra Fischer
• Female Powerbrokers Q&A: Nossaman's Nancy Smith
• Morgan Lewis Adds Ex-Schnader Harrison Atty In Pittsburgh
• Bank Regulators Eyeing Leveraged Lending
• BNY Mellon Appeals Claim Exclusions In BofA $8.5B MBS Deal
• Expanded 'Bad Boy' Guarantees Undercut Nonrecourse Loans
• Credit Suisse Admits Fault In $196M SEC Settlement
• Fed Slow To React To 2008 Financial Crisis, Transcripts Say
• Big Banks Get Go-Ahead To Use New Risk Calculation Method
• Investor Sues Western Union Over Drug Cartel Transfers
• Holland & Knight Adds Partner to Latin America Finance Group
• FERC Wrong To Keep Tariff On BNP Paribas, DC Circ. Says
• BofA, JPMorgan Defeat Loan Modification Fraud Class Action
• NY Bank Regulator To Release Bitcoin Guidance In 2014
• Female Powerbrokers Q&A: Ropes & Gray's Jane Goldstein
• Female Powerbrokers Q&A: Snell & Wilmer's Barb Dawson
• State Courts — The New M&A Battleground
• Deals Rumor Mill: Ally Financial, Focus Media, Citigroup
• Wells Fargo Pays $152M For Stake In Transport Leasing Co.
• Law360 Banking Editorial Advisory Board
• Citibank, Barclays Resolve $141M Suit Over Lehman Losses
• Fed's New Role At IAIS Escalates Jurisdictional Wrangling
• EU Chief Talks Financial Recovery, Concerns Over US Rules
• NY AG Can Seek $150M Of E&Y's Lehman Fees: Appeals Court
• Accused Madoff Ponzi Pal Tight-Lipped On Witness Stand
• SocGen Fights Back Against EU's $610M Euribor Penalty
• Small-Dollar Lenders Under Fire From AGs And CFPB
• Madoff Interviews Show JPMorgan Knew Of Fraud, Suit Says
• Tourre Judge Weighs Blocking Goldman From Paying SEC Tab
• Detroit, Banks Reach New Deal To Exit Swap Contracts
• Treasury, IRS Release Final Rules To Implement FATCA
• Deals Rumor Mill: Nokia, Merck, J. Jill
• Female Powerbrokers Q&A: Choate's Melissa Tearney
• Female Powerbrokers Q&A: Littler's Lee Schreter
• MoFo Welcomes Back Litigation Pro From White House
• Ex-CFTC Official Joins Patton Boggs
• Cloak Of Invisibility For Foreign Accounts Is Unraveling
• US Financial Panel Expert Gains Window Into IAIS Efforts
• AIG Loses Bid To Delay Approval Of $8.5B BofA Settlement
• Ex-Madoff Associate Testifies Media Scrutiny Wasn't Red Flag
• Cybersecurity Framework Will Be Flexible, NIST Chief Says
• Senate Hearing Will Double Down On Offshore Tax Evasion
• Citigroup Shakes Ex-Salomon Head's Theft Loss Suit
• New Fed Rules May Force Foreign Banks To Rework US Units
• Celebrities Fight For UK Transaction Tax In YouTube Video
• Target Hack Costs Over $200M For Banks, Groups Say
• Top Court Asks If $150M Saudi Currency Tangle Belongs In NY
• Lloyds' PE Arm Unloads Carton Supplier In $165M Deal
• FCA Suits Over Robosigning Don't Pass Muster, Banks Say
• RBS To Fork Over $275M To Settle MBS Class Action
• Deals Rumor Mill: Morrison, Shell, Ardagh
• RBS Sells Part Of Structured Products Unit To BNP Paribas
• Female Powerbrokers Q&A: Steptoe's Mimi Addy
• Female Powerbrokers Q&A: Ballard Spahr's Mary Mullany
• BofA Again Ducks Buyback Attempt Over $1.75B MBS Pool
• Inside Fla.'s Data Breach Response Programs For Banks
• AIG Shouldn't Delay $8.5B BofA Deal, Investors Urge Court
• Anglo Irish Bank's $6M Mall Stake Selloff Nixed By Judge
• Argentina Asks High Court To Overturn $1.4B Debt Order
• The Captain Of The Mother Court: Judge Loretta Preska
• Dickinson Wright Adds Consumer Finance Pro In Ann Arbor
• Ex-Madoff Associate Takes Witness Stand In Rare Move
• 3 Ex-Barclays Employees Charged Over Libor Conspiracy
• Fed Adopts Oversight, Capital Standards For Foreign Banks
• JPMorgan Hit With Class Action Over Late Mortgage Docs
• Alleged Debt-Reduction Schemer Escapes Suit, Will Cooperate
• Late Paperwork Costs Deutsche Bank In Tax Refund Appeal
• Orrick Adds Ex-Kaye Scholer Commercial MBS Team
• Female Powerbrokers Q&A: Kaye Scholer's Lori Leskin
• Female Powerbrokers Q&A: Hirschler's Courtney Paulk
• Fifth Third Bank Hit With Credit Reporting Class Action
• Mere Acceleration Does Not Trigger Prepayment Premium
• Citibank Pays Up To $7.9M To End Debit Card Overdraft Suit
• How Italy's New Anti-Money Laundering Laws Affect You
• Deals Rumor Mill: Tyson Foods, Peugeot, Starwood
• IBRC Urges Bankruptcy Approval Of $5.8M Tampa Deal
• LPS To Pay Nev. $6M In Final Robosign Deal
• Class Counsel In $300M Forced-Place Deal Push For Approval
• BofA Loses Its Bid To Use Countrywide Docs In MBS Row
• Treasury, DOJ Clear Banks To Serve Marijuana Businesses
• FHFA Attys Fire Back At Appeals Over Tax Exemption
• Cybersecurity Framework May Impact Many Industries
• CORRECTED: Manatt Picks Up Bingham's Gershon in Financial Services
• Global Financial Watchdog To Probe Forex Benchmarks
• Deals Rumor Mill: Murphy Oil, Lone Star, Cinven
• Female Powerbrokers Q&A: Hughes Hubbard's Bassey
• Female Powerbrokers Q&A: Mitchell Silberberg's Coyoca
• Cadwalader Can't Shake Nomura Malpractice Suit
• 6 Tips For Creating Effective Trial Graphics
• MDL Panel Refuses To Consolidate Credit Union RMBS Suits
• House Democrats Want Clarity On CLOs Under Volcker Rule
• NY Fed Wants Further Tri-Party Repo Market Risk Reduction
• SunTrust Returns ERISA Case To 11th Circ.
• Deals Rumor Mill: Sprint, Peugot, Nexon
• BNP Sets Aside $1.1B For Potential Penalties
• Dentons Canada Picks Up 22 Ex-Heenan Blaikie Attys
• MBIA To Pay $325M To Settle Nomura MBS Liabilities
• Prison Time Sought For Beanie Babies Inventor's Tax Evasion
• TD, WestLB Dodge Oppenheimer Suit Over Credit Agreement
• Retail, Financial Services Groups Fight Against Cyberthreats
• CFPB's Mortgage Data Expansion Sparks Privacy Worries
• Fortress Puts Up $363.4M To Buy Back Nomura's Stake
• Failed Maxim Magazine Acquisition Spurs Fraud Charges
• Female Powerbrokers Q&A: Goodwin Procter's Sharton
• Female Powerbrokers Q&A: Levenfeld's Patti O'Connor
• Trends To Watch, Opportunities To Catch In Latin America
• Lehman Inks $767M Deal To Resolve Freddie Mac Claim
• OECD Targets Banks, Brokers In New Tax Info-Sharing Plan
• Inside NIST's Final Cybersecurity Framework
• Chapman & Cutler Adds 9 Ex-Jones Day Finance Attys
• Cybersecurity Framework Key To Calming Breach Backlash
• Banking Group To Withdraw Suits Over Volcker Rule
• DOJ Says Market-Power Evidence Not Essential To AmEx Suit
• Dems Urge Fed Not To Delegate Larger Enforcement Actions
• CFTC, EU Agree To Ease Regs In Swaps Market
• Manatt's DC Financial Group Lands Patton Boggs Atty
• Vinci To Sell 75% Of $2.7B Parking Lot Biz
• Pa. Deed Recorders Win Class Cert. In MERS Mortgage Row
• Mortgage Co. Beats Claims In 1st Loan Officer OT Trial
• White House Unveils Voluntary Cybersecurity Framework
• Female Powerbrokers Q&A: Ballard Spahr's Emilie Ninan
• Female Powerbrokers Q&A: Steptoe's Lucinda Low
• Milbank Woos Back Ex-SEC Enforcement Co-Head Canellos
• Stakes Are High For ERISA Fiduciaries
• Shearman & Sterling Nabs 6 Orrick Herrington Partners In NYC
• GOP Blames FATCA For Record Numbers Ditching Citizenship
• Icahn Calls For Resurrection Of Glass-Steagall Act
• Claims Over MF Global Collapse Trimmed In Class Action
• AmEx Can't Join Private, Gov't Antitrust Cases
• Ariz. Credit Union Fraudster Asks 9th Circ. To Overturn Verdict
• Bitcoin Exchanges Abiding By Laws, Treasury Official Says
• 9th Circ. Urged To Revive Libor Suit Against Deutsche Bank
• Yellen Defends Long-Term Outlook For Dodd-Frank, Volcker
• 4th Circ. Affirms SEC Ban For Ex-Taylor Bean Chairman
• US Atty's Office In NY Recovered $4B In 2013
• Australia Plans To Release Bitcoin Tax Guidance In 2014
• Lehman Reaches Settlement In $382M Tax Dispute
• Deals Rumor Mill: Brevan Howard, Virgin, Deutsche Bank
• Cuomo Launches NY Green Energy Development Bank
• Introducing Management Fee Credit Facilities
• BakerHostetler Snags 3-Atty RE Team From Herrick Feinstein
• 2nd Circ. Judge Chides Quinn Emanuel Atty In Citigroup Case
• Female Powerbrokers Q&A: Ropes & Gray's Laurel FitzPatrick
• Female Powerbrokers Q&A: Baker Donelson's Donna Fraiche
• WaMu Can't Recover Taxes On Thrift Buys In $15M Suit
• 11th Circ. Says RBC Can't Arbitrate Overdraft Litigation
• Morgan Stanley Whistleblower Says Dodd-Frank Is Retroactive
• NorthMarq's Failed Refinancing Didn't Cause Losses: 3rd Circ.
• Ex-MF Global Execs Slam Customer-Trustee Claim Settlement
• 11th Circ. Says Flood Insurance Regs Set Minimum Amount
• FINRA Award To Ex-Raymond James Broker Vacated By Court
• First Mariner Enters Ch. 11 To Sell Bank Unit For $100M
• Financial Powers Cautious About Bitcoin Taxation
• Starr Wins Access To Morgan Stanley Docs In $55.5B AIG Suit
• Russia Faces Hurdles In Shedding Sochi Hotels Post-Olympics
• Calif. Court Clears The Way For CFPB
• Ex-BofA Exec Cops To Muni Bond Bid-Rigging Scheme
• NY AG Backs Plan For Lenders To Care For Foreclosed Homes
• SEC Chief Gets OK To Oversee Former Client Credit Suisse
• Barclays Data Breach Could Affect Thousands
• Hinckley Allen Nabs Corporate, Health Care Partners
• Nonprofit Sues To Block $13B JPMorgan Settlement
• Deals Rumor Mill: Sprint, Vodafone, Nestle
• Restructuring ELA Liabilities — Lessons From Ireland
• Female Powerbrokers Q&A: FordHarrison's Tracey Jaensch
• Female Powerbrokers Q&A: McManis' Neda Mansoorian
• Deutsche Bank To Hand Over Docs To Dubai Regulators
• Minnesota Twins Sue Visa, Mastercard Over Swipe Fees
• 2nd Circ. Weighs 100,000-Member Debt Collection Class
• Active-Duty Soldier Not Subject To Foreclosure, 9th Circ. Says
• Danske Bank Hit With Price Manipulation Allegations
• UK Regulator Taps Ex-Goldman Exec For Bank Oversight
• General Star Won't Have to Defend FCA Suit, Judge Says
• Ex-UBS Exec Gets Tax-Conspiracy Trial Pushed Back
• Morgan Stanley Financial Advisers Get Class Cert. In OT Suit
• CFPB Floats New Mortgage Lender Reporting Requirements
• Despite Issues, Tax Sharing Deals Not Yet High Court-Ready
• Female Powerbrokers Q&A: McAndrews' Nabeela Rasheed
• Female Powerbrokers Q&A: Crowell's Ellen Dwyer
• Pitfalls In Fla.'s Revised Condo Termination Statute
• Justices Urged To Set High Bar For Stock-Drop Claims
• Swiss Asset Manager Indicted In Tax Evasion Sweep
• Fla. Jury Finds Radius CEO Liable For MBS Fraud
• QBE Says AIG Affiliates Must Cover Kickback Case Defense
• BNY Mellon Shakes $50M Repsol Suit Over YPF Board Vote
• AmEx Merchant Fee Deal Wins Preliminary Court Approval
• FHFA Says Fannie, Freddie Still Take On Risky Mortgages
• 10th Circ. Says Lender Can Transfer $3.5M Property Claim
• Fifth Third To Pay $4M To End Loan Officer OT Dispute
• Big Banks Lose Discovery Scuffle In Aluminum Storage MDL
• CORRECTED: KPMG, Ex-Advanta Execs Pay $3.5M To Exit Investor Suit
• McGuireWoods Reps First American In $155M Interthinx Buy
• Finnish Bank Offers $4.6B To Complete Stake In Affiliate
• KKB To Buy Rival In $900M Deal, Along With Kazakh Investor
• Female Powerbrokers Q&A: Wendel Rosen's Pamela Mintzer
• Female Powerbrokers Q&A: Hodgson Russ' Yalamanchili
• Deals Rumor Mill: Sprint, KKR, Carlyle
• The CFPB Targets Mortgage Reinsurance — Again
• Bear Stearns, Deloitte Dodge Hedge Fund's $200M Fraud Suit
• Citibank To Pay $110M In Force-Placed Insurance Settlement
• 2nd Circ. Mulls $163M CDO Fraud Suit Against Wells Fargo
• Defense Can Bring Back US's Madoff Witness, Judge Rules
• Ill. AG Blasts Cos. For Shoddy Data-Breach Security
• US, Canada Agree To Deal To Stifle Tax Evasion
• Ex-Genova Burns Client Fights To Keep $90M RICO Suit Alive
• Pa. High Court Won't Hear Challenge To Judge-Nixed Mortgage
• 2nd Circ. Nixes Suit Against JPMorgan Over WaMu Lease
• EU Official Makes Final Push On Financial Transaction Tax
• Regulators Form Working Group To Implement Volcker Rule
• Chase Knocks Objections To $300M Force-Placed Settlement
• Citibank, Others Can't Dodge Reinsurance Kickback Suits
• Fannie, Freddie Don't Owe Minn. County $5.6M In Deed Taxes
• Deals Rumor Mill: America Movil, Mercuria, Deutsche Telekom
• AFG Offers To Buy National Interstate Shares For $267M
• AIG Rallies Against BofA's $8.5B Deal With MBS Investors
• Banking Groups Appeal IRS Win On Info-Sharing Regs
• FINRA Levies Record $8M Fine Over Penny Stock Transactions
• Can Payment To A Fully Secured Mortgagee Be A Preference?
• Female Powerbrokers Q&A: Taft's Margaret Lawson
• Female Powerbrokers Q&A: Frankfurt's Barbara Shiers
• JPMorgan Strikes $614M Deal In Mortgage-Loan FCA Suit
• Morgan Stanley To Pay $1.25B In Fannie, Freddie MBS Row
• Credit Suisse Unit Says Loan Buyback Suit Is Too Late
• Caesars Casino Must Return $1.5M Wagered By Ponzi Schemer
• Neiman Marcus Data Breach Took Months To Discover
• FDIC Fines Ex-CEO Of NJ Bank For Loan Violations
• MasterCard Picks Up Office Space In NYC Flatiron District
• Gibson Dunn Adds Ex-UBS In-House Atty To NY Office
• Countrywide Says FHFA Still Owes It Docs In $27B MBS Case
• Judge Shreds Revised $8.5M Americredit TCPA Settlement
• StellarOne Settles Shareholder Suit Over $445M Union Merger
• Covington & Burling Snags DLA Piper's DC Managing Partner
• Blackstone Picks Up 4 Properties From WestLB Successor
• Female Powerbrokers Q&A: Michelman's Mona Hanna
• Female Powerbrokers Q&A: Baker Donelson's Linda Klein
• Inside Clearstream's OFAC Settlement Agreement
• Madoff Judge OKs Trustee's $543M JPMorgan Settlements
• Bankrupt Gulfco Claims Creditor Had 'Scheme To Steal' Unit
• JPMorgan, Bear Stearns' $18M Class Settlement Approved
• Hotel Co.'s Properties In 8 States Struck With Data Breach
• 2 Bankers Face 1st Civil Penalties In UK Libor Probe
• FTC Rep. Urges Lawmakers To Improve Data Breach Authority
• In-House Counsel Name Client-Friendly Litigators
• GCs Name Best-Of-The-Best Attys
• DOJ Probes Goldman, Others On Libya Deals
• Top 10 Considerations In Litigating Against The CFPB
• GOP's Anti-FATCA Stance Lacks Legs, Officials Say
• Pa. Credit Union Hits Target With Data Breach Class Action
• Deals Rumor Mill: Jos. A. Bank, Lenovo, Nestle
• NYC's Apple Bank, PwC Settle $1.9M Tax Malpractice Suit
• Female Powerbrokers Q&A: Holwell Shuster's Dorit Black
• Female Powerbrokers Q&A: Gibbons' Christine Amalfe
• Why Troubled Banks Are Increasingly Considering Ch. 11