Banking Archive » November, 2014

Banking - November, 2014

314 articles

• BofA Avoids SEC 'Bad Actor' Label After $17B Mortgage Deal
• Dragon Tells 1st Circ. It Missed Facts In $580M Goldman Suit
• Goldman Reaps $78M In Sale Of Tampa Wells Fargo Center
• Citi Says Fortified DR Horton Shouldn't Impact Wage Case
• Fla. Credit Union Fined For Bank Secrecy Act Violations
• Former FDIC Chairwoman Bair Joins DLA Piper
• Ardian Puts Down $183M For Stake In Barcelona Toll Roads
• Are You Ready For Florida's New LLC Law?
• Bond Buyers Won't Copy Argentina Holdouts, S&P Says
• Indian Regulator Shuts Down Overseas Bond Practice
• Minority Powerbrokers Q&A: Bradley Arant's Hope Cannon
• 5 Lessons From DOJ's Blockbuster FCA Haul
• Lowey, Grant & Eisenhofer To Helm Silver Fixing Cases
• Calculating Excess Availability In Asset-Based Facilities
• Shoulda Put A Lien On It — 4 Advantages Of Security
• Goldman Hit With More Metal-Rigging Claims
• Wells Fargo 'Living Will' Passes But Needs Work, Fed Says
• As Legal Threats Loom, Feds May Alter Systemic Risk Labeling
• Discover Subsidiary Hits Visa With Texas Antitrust Suit
• Greenberg Traurig Nabs Federal Prosecutor In Miami
• CFTC Criticizes CME Policing, Warns About Atty Staffing
• 2nd Circ. Says Chesapeake $1.3B Bond Buyback Too Late
• Fed Seeks To Subject GE Capital To Large-Bank Regs
• Ampal CEO's Suit Says Bondholder Defamation Sunk Company
• Texas Court Rejects Morgan Stanley Bid To Exit MBS Suit
• Leveraged Lending Group Wants Risk Retention Rule Tossed
• HSBC Unit Admits Registration Miscue In $12.5M SEC Pact
• Deutsche Trust Wins Time To Refute Quicken In Bad Loan Suit
• Remembering Doar: Justice As A 4-Letter Word
• BofA Escapes $56M Mortgage Bond Suit In 2nd Circ.
• The CFPB's Uncivil Civil Investigative Demands
• MF Global Execs Seek To Tap $7.5M More In E&O Coverage
• Synovus Bank Paying $3.9M To Exit Overdraft Fee Litigation
• Feds Focused On Controlling AIG In Bailout, Expert Testifies
• FHFA Keeps Size Of Loans For Fannie, Freddie Steady
• Mortgage Appraiser Reaches $9.9M Deal In Inflation Suit
• Aluminum MDL Plaintiffs May Refer To Critical Senate Report
• CFPB Developing Debt Collection Consumer Survey
• FINRA Fines Citigroup $15M For Analyst Supervision Failures
• Banking Industry Will Find Friends In Coming Congress
• 'Tis The Season … For Data Breaches And Data Analytics
• Phoenix Seeks To Cap $10M Software Claim At $500K
• RE Rumor Mill: BofA, TIAA-CREF, Carlyle
• Bondholders Assert Appeal Rights In Libor Fixing Case
• Market Rumors: Richemont, Jasper Technologies, BNP Paribas
• Convicted Hacking Ring Member Gets 3.5 Years
• AmFin Asks High Court To Review $170M Tax Refund Dispute
• $590M LBO Settlement Filed In Error, Judge Says
• IBRC Gets Thumbs-Up For Sale Of Blackrock Clinic Loans
• RBS Overstated Capital Levels On Euro Stress Tests
• Ceresney Defends SEC's Use Of Internal Adjudication
• Judge Accepts Credit Suisse $2.6B Tax Evasion Plea Deal
• Fed Examining Stricter Rules For Bank Commodity Operations
• Warren Tells NY Fed Chief To Fix Enforcement Or Move On
• Regulators Closing In On Final Incentive Compensation Rule
• Differentiate Your Litigation Practice With Data Security
• Epic LBO Collusion Case Settles For $590M
• Rakoff Continues Crusade Against SEC Admin Courts
• Banks Needn't Run From Anti-Money Laundering Risks: US
• Minority Powerbrokers Q&A: Mayer Brown's Marcus Christian
• Checking In On The CFPB: Part 3
• Chipping Away At WaMu's Rigid Exculpation Ruling
• US Bank Must Face Trial Over Role In $215M Peregrine Fraud
• Federal Reserve Reviews Methods For Supervising Big Banks
• Class Counsel In $40M HSBC Suit Say 7th Circ. Backs Fee Bid
• Deals Rumor Mill: Fresenius, Springleaf, Bain Capital
• CFPB Proposes Tighter Mortgage Servicing Regulations
• Synchrony Financial Mobilizes For $7.5B Debt Offering
• CFTC Commissioner Slams Finance Regulation 'Explosion'
• As FATCA Slowly Rolls Out, Its Impact Is Uneven
• BBVA Raises $2.5B To Beef Up Stake In Turkish Bank Garanti
• $6B Record Haul For DOJ As FCA Reaches New Heights
• Top NY Court Takes Closer Look At Commerzbank Fraud Claim
• Market Rumors: Alibaba, CGN Power, Medibank
• Cordray Warns Banks Real-Time Payments Need Safeguards
• Lender Tied To Houston Pol Targets Consumer Protection Law
• Goldman Denies Metals Market Wrongdoing Before Senate
• Principles Of Eligibility Criteria For Asset-Based Loans
• Fed Gov. Says More Bank Liquidity Proposals Coming In 2015
• Checking In On The CFPB: Part 2
• The Print Room: How To Spend Less And Get More
• Goldman, JPMorgan Overwhelmed Oil, Metals Markets: Report
• Norton Rose Scoops Up Ex-Hunton Banking Partner In Dallas
• SEC Will Struggle To Extend New Glitch Rules To Brokers
• DC Circ. Urged To Revive Challenges To Dodd-Frank, CFPB
• Regions Investors Again Win Class Cert. In Stock Inflation Suit
• Iceland Bank's Ex-CEO Sentenced For Market Manipulation
• NY Lawyer Gets 9 Years For $2M Debt Relief Scam
• Madoff Trustee Told To Tweak Mass Repleading Bid
• Deals Rumor Mill: PetSmart, E.On, Blackstone Group
• Study Skewers CFPB's Auto Lending Bias Calculations
• CFPB Hits Ariz. Auto Dealer With $8M Debt Collection Fine
• DOJ Tallies $25B In Fiscal 2014
• Market Rumors: FlyDubai, Deutsche Bank, PetSmart
• Bill Would Make NY Fed Chief Subject To Senate Confirmation
• Ex-Jefferies Trader Files Opening Salvo In 2nd Circ. Appeal
• 2nd Circ. Rejects Tax Shelter Fraud Suit Against NatWest
• Dems Hammer Watt Over FHFA Consumer Relief Policies
• Has NYC Added A 4th Test For Determining Combined Group?
• Unified SEC Adopts Trading-Tech Glitch Regulations
• Checking In On The CFPB: Part 1
• FTC Says Credit Monitor Will Pay $22M For Duping Customers
• MBS Investors Entitled To Increased Bankruptcy Recoveries
• Law360 MVP Awards Go To Legal Aces From 78 Firms
• AIG Trial Judge Keeps Sullivan, Weil Attys Off Stand
• Barclays Says It's Too Late To Sue Over $981M In Toxic RMBS
• Madoff Fund Reaches $95M Settlement With Picard
• IberiaBank Fights Ch. 11 Release Of Claims Over $10M Loan
• For Better Or Worse, SEC's Whistleblower Office Will Grow
• Lawmakers Want BofA, Others To Reveal Data Breaches
• Wells Fargo, Feds Call Off Talks In $189M Loan Fraud Suit
• US Will Test Global Insurer Capital Rules Before Adoption
• Market Rumors: Johnson & Johnson, Roots Group, Alibaba
• Judge Axes Claims In BofA Mortgage Fee Class Action
• Madoff Trustee, Investor Fight To Halt Class Actions
• Venable Adds Ex-Congressional Aide To DC Financial Group
• Dewey Partner Clawback Ruling May Hurt New York Law Firms
• Arcapita Wraps Up $100M Equity Offering After Ch. 11 Exit
• Key Tools For Monitoring Vendor Data Security
• Bank Of Tokyo-Mitsubishi Owes $315M For Sanction Violations
• Is Disparate Impact Protection For Lenders On The Horizon?
• Katten Settles Lowis & Gellen's Malpractice Claims
• IBRC Again Faces Opposition To Blackrock Loans Sale
• Anti-Foreclosure Efforts Could Get Boost In High Court Cases
• HSH, Citi Blast Nautilus Ch. 11 Disclosure Statement
• T-Mobile Settles With Visa, Mastercard in Swipe Fee MDL
• Leading SEC Trial Atty To Leave Agency
• DOL To Mull Credit Suisse Pension Biz Fate After $2.6B Plea
• Crowdfunding Outlook Remains Murky Amid Pending Rules
• FINRA, MSRB Unveil Plans To Boost Bond Price Transparency
• Market Rumors: BSkyB, Deutsche Bank, Keppel
• BofA, Merrill Lynch Settle Out Of FDIC's $110M RMBS Case
• Madoff Investors To Get Nearly $500M In Feeder Fund Deal
• Belgium Charges HSBC Private Bank Unit With Tax Fraud
• RE Rumor Mill: Barry Diller, TD Bank, Coney Realty Group
• Texas Court Affirms UBS Win In Highland Debt Trade Row
• Citigroup Gets Suit Over $832M In MBS Trimmed
• Progressive Can't Duck Bank Execs' Claims In Coverage Row
• Proposed Prepaid Rule Unlikely To Stem Growth
• BofA Takes Ch. 7 Junior Lien Fight To Top Court
• Blocking CAFA Remand: Lessons From A Prevailing Defendant
• Layoffs, Liquidation May Follow Bingham, Morgan Lewis Deal
• Deutsche Bank Escapes Proposed Libor Class Action
• Convicted Goldman Director Appeals 2 Cases To High Court
• Fed. Watchdogs Launch Probes Into Operation Choke Point
• Wells Fargo Pays $7.4M To End Ex-Employees' Incentives Row
• Barnes & Thornburg Nabs Sheppard Mullin White Collar Vet
• Taxation With Representation: Wachtell, Cravath, Cadwalader
• Cash-Strapped CFTC Faces Troubled Return To Admin Court
• 2nd Circ. Agrees Motorola Can't Collect From Foreign Banks
• Morgan Lewis Partners Approve Bingham Deal
• Reed Smith Says Dealership's Malpractice Suit Has No Chance
• FSB Chief Says Regulatory Reform Work Largely Done
• Hogan Lovells Hires Finance Partner To Grow Mexico Office
• The New Test For Bitcoin Might Become Its Digital Undoing
• Goldman Dodges Overstock.com's Short-Sale Suit
• Fla. Wastes No Time Using Sovereign Immunity Appeal Rule
• Swiss Banker Indicted In New York Tax-Evasion Sting
• Ex-Needham CFO Gets 33 Months For Embezzling $1M
• AIG Had No Hope Of Private Lifeline, JPMorgan Banker Says
• CFPB, Calif. Mortgage Co. Settle Row Over Illegal Bonuses
• President Of Dallas Fed To Step Down In March
• Choice Hotels, BNY Mellon Accused Of Flouting Data Input IP
• Bitcoin May Face New Limits Under CFPB Prepaid Card Regs
• Hong Kong Signs FATCA Tax Agreement With US
• Goldman Foe Wants Review Of Order Trimming RMBS Suit
• FINRA Launches Equity Market Reform Push With 3 Proposals
• Wells Fargo To Sell Navient $8.5B In Federal Student Loans
• ResCap Beats Dismissal Bid In 6 MBS Actions
• DOL Defends Flip On Loan Officer OT Status At High Court
• RE Rumor Mill: Amazon, Franklin American, Sunwest
• Alibaba Plans 1st US Bond Sale To Refinance Bank Loans
• CLOs: Fight Fraud With Better Analytics
• Banks Want Mortgage Servicing Capital Treatment Eased
• Most Courts Limit Scope Of Insured V. Insured Exclusion
• CFPB Proposes Tightening Prepaid Card Regs
• Goldman Slays Dragon's $580M Failed-Buyout Suit Again
• $4B Forex Fines Are Just The Beginning For Banks
• $27M MF Global Metals Market Settlement Gets Initial OK
• AIG Bailout Judge Warns Feds On Atty-Client Privilege
• CFTC's Paltry Budget Spurs Quick End To Forex Probe
• Michelman & Robinson Led Client Into $8.8M Debt, Suit Says
• Morgan Stanley, Investors Settle Dispute Over 'Rigged' Notes
• RE Rumor Mill: Deutsche Bank, Invesco, Laxmi Management
• JPMorgan Deal In $681M Texas Oil Rights Suit In Limbo
• Banks Want More Time To Disclose Mortgage Fee Changes
• FGIC Could Go After Banks Under $1B Detroit Debt Deal
• UCC Filing Lessons From Delaware's GM Ruling
• Banks Find No Relief In New Leveraged Lending Guidance
• Blank Rome Opens 3rd Fla. Office In Fort Lauderdale
• FTC Wins Injunctions Requiring Debt Broker Notifications
• CFTC Commissioner To Float Alternative Swaps Trading Regs
• Latham & Watkins Advises Saudi Arabian NCB's $6B IPO
• Scotiabank Seeks $7B Capital Boost As It Restructures
• BB&T Pushes North With $2.5B Acquisition Of Pa.-Based Bank
• TCPA Risks Increase For The Financial Services Industry
• 6 Banks To Pay $4B To Settle Forex Manipulation Charges
• FCC Wants Input On Bid To Exempt Breach Alerts From TCPA
• NCUA Sues Deutsche Over Handling Of $140B In RMBS Trusts
• Del. High Court Vets Timing Of RBC's Rural/Metro Appeal
• Morgan Stanley Urges High Court To Nix 10th Circ. MBS Order
• Argentina Creditor Can't Keep Lawyer From Leaving US
• FinCEN Chief Urges Greater Clarity On Bank Info Sharing
• $3.7B Petters' Ponzi Suit Against JPMorgan Stays Federal
• High Court Stays Out Of Debt Collection Practices Dispute
• US Century Bank Ordered To Sign $4.5M Shareholder Deal
• Treasury Official Urges Banks To Avoid Unfair 'Derisking'
• FINRA's Ketchum Sells Risk Data Plan As A Fraud-Fighter
• OneWest Sues Lehman Bros. To Keep Loan Info Confidential
• Small-Biz Lender On Deck Capital Plans $150M IPO
• Banks Processed Funds For Iran-Backed Attacks In Iraq: Suit
• 3rd Circ. Remands Short-Sale Spat To NJ State Court
• High Court Won't Hear NetBank's $5.7M Tax Refund Case
• SEC's White Eyes New Executive Compensation Rules
• LME Still Doesn't Belong In Antitrust MDL, Judge Says
• Jefferies Drug Testing Plan Poses Big Risks For Copycats
• New Rules Would See Creditors Take Hit In Big Bank Failures
• High Court Won't Hear Reno's ARS Fight With Goldman
• High Court Rejects Fannie Appeal In Utah Foreclosure Row
• Tax Legislative Outlook For The Lame-Duck Session
• Cyberattack Reimbursement Doesn't Require Insurer Consent
• JPMorgan Attains Potential Deal To End $681M Oil Rights Suit
• Attys Tend To 'Buy Themselves Off' In Class Deals, Judge Says
• Regulators Slam Banks On Weak Leveraged Lending Practices
• Antitrust Suits Over Apple Pay Ban Would Face Uphill Battle
• Deals Rumor Mill: One Equity Partners, PetSmart, Kutxabank
• House Panels Subpoena Ex-Im Over Docs In Kickback Probe
• Fed Regs Chief Wants To Extend Small Bank Debt Policy
• BofA, US Bancorp Pay $69M To Settle MBS Investor Action
• Takeaways From NIST Workshop On Cybersecurity Framework
• CFTC Plans More Administrative Actions, Criminal Crackdowns
• OCC Chief Says Retailers Must Bear Some Data Breach Costs
• EU Court OKs Spanish Foreign Acquisition Tax Breaks
• The Importance Of Unambiguous Intercreditor Agreements
• BofA Sets Aside $400M Amid Forex Investigations
• Ch. 7 Trustee Says Bank Failed To Stop Suspicious Banking
• Retail, Restaurant Groups Push For Breach Notification Law
• Ex-AIG Chief Claims He Was Unaware Of Last-Minute Lifelines
• Investors Want Another Go At UBS Over $331M In CDO Losses
• AIB Hit With Chancery Suit Over Bulgarian Bank Deal
• CFTC Obtains Record $3.3B In Sanctions In 2014
• DLA Piper Hires Cross-Border Finance Pro In Minneapolis
• Commerzbank Says It Might Pay Big Over US Sanction Probes
• Leucadia To Pay $70M To End Jefferies Investor Suits
• Monte Dei Paschi To Sell $3B In Shares, Consider Merger
• IndyMac Trustee, FDIC Settle $58M Tax Refund Dispute
• Lehman Unit's Trustee Mulls Ending Curacao Bankruptcy
• Fed Official Says Clearinghouses Need More Oversight
• San Bernardino Fights Creditors' Ch. 9 Deadline Bid
• Dodd-Frank Securitization Rule Is A Win For Banks
• 5 Ways To Uncover Bias During Jury Selection
• ECB's Stress Test Will Boost European Distressed Market
• Broker Pleads Guilty After SEC BigLaw Tipster Case
• Dozens Of Cos. Settle In Visa, Mastercard Swipe Fee MDL
• 2nd Circ. Probes Reach Of Bankruptcy Safe Harbors
• CFPB Taking Privacy Cue From FTC, Official Says
• Fed Bailout Was Only Option For AIG, Ex-CEO Says
• Attys Win $48M Fees For RBS-Pension Fund MBS Settlement
• Goldman Says Media Reports Doom Bank's $103M CDO Suit
• Market Rumors: Monte Paschi, Scientific Games, Virgin Money
• DLA Piper Lures Ex-Foley & Lardner Corporate Partner
• UBS Adviser, Clients Arrested After Israeli Tax Probe
• Wells Fargo, Goldman Pare Litigation Loss Estimates
• How Senate Without Filibuster-Proof Majority Avoids Gridlock
• Richmond Fed's Head Wants To End Implied Bank Safety Net
• Morgan Stanley Lands On DOJ Radar In RMBS Probe
• Fed Finalizes Rule Limiting Big Bank Mergers
• Wachtell Advises Sterling In $539M Hudson Valley Merger
• Record $2.4B BofA Settlement Wins 2nd Circ.'s Blessing
• Swartz Swidler Gets $1.2M Fee Following TD Bank FLSA Deal
• A New Distressed Claims Trading Landscape In Germany
• Senate Flip Endangers Ch. 11 Reforms For Big Banks
• Republican Win Opens Door To Dodd-Frank Rewrites
• GOP Senate Spells Tight Budgets For SEC, CFTC
• With GOP Win, Small Banks Can Expect Dodd-Frank Fixes
• Fed Was Wary Of AIG Ownership, Davis Polk Bailout Atty Says
• Judge Bows Out Of $10M Zurich Subsidiary Insurance Dispute
• Live Nation, Cox Latest To Settle In Swipe Fee Antitrust MDL
• Charles Schwab Consultants' $4M OT Deal Gets Green Light
• Justices' Questioning In Jesinoski May Be Cause For Concern
• Justices Hammer BofA Over Mortgage Rescission In TILA Case
• UK Halts Interchange Fee Antitrust Probe As EU Caps Loom
• BankAtlantic Head Hid Precrash Loan Woes, SEC Tells Jury
• 10th Circ. Ends Fight Over $14M Wells Fargo Credit Line
• 2nd Circ. Cracks Door After Foreign Madoff Fund Sale Ruling
• Netherlands To Hand Russian Cyberthief Suspect To US
• UBS Loses Swaps Saga Against German Utility
• $140M Suit Over Collapsed RBC Fund Gets Shut Down
• Virgin Money Rekindles London IPO Plans
• Titan Of The Plaintiffs Bar: David Stickney
• Regulators Want Banks To Improve Cyberthreat Sharing
• Argentina Appeals Contempt Finding For Debt Bypass Plan
• NY's Separate Entity Rule Is Alive, But Questions Remain
• Discretion Needed On Libor MDL, Ex-Judges Tell High Court
• PE Firm's Claims Pared In Suit Over Allied Bankruptcy
• HSBC Sets Aside $378M For UK Forex Deal
• High Court Could Make It Easier To Escape Mortgages
• FTC Sues Debt Broker For Exposing Consumer Info
• Island Resort Kicks Off Bid To Wipe Out $122M Bank Debt
• Dentons Nabs Four Insurance Litigators From Riker Danzig
• Justices Won't Hear Ex-Morgan Stanley Employee's ADA Suit
• Susquehanna Bank Beats IRS In Fourth Circuit Lien Ruling
• Lehman Judge Wipes Out Workers' $348M Stock Claims
• Market Rumors: Apple, Carabao, Emaar Properties
• Ex-UBS Exec Found Not Guilty In Tax Evasion Trial
• Goldman, Others Shell Out $205M For Utah Mall
• EIB Grants $240M For UK Recycling And Power Facility
• Trademark Tacking Is Jury Question, US Tells High Court
• Visa Loses Bid To Nix Transaction Patent In AIA Review
• Visa Sues Sears To Block Interchange Fee Claims
• Freddie Mac Dodges Investor Suit Over Subprime Exposure
• UBS Says Madoff Trustee Seeks Again To Erode Confidentiality
• Italy's Monte Dei Paschi Eyes $2.6B Capital Increase
• Starter Interrupters Expose Lenders To SCRA Risks