Banking Archive » December, 2014

Banking - December, 2014

343 articles

• SEC Says Conflicts Of Interest Persist At Ratings Agencies
• BNY Mellon Dodges More Claims In MBS Trustee Action
• Investors Ask High Court To Apply Troice To Madoff Claims
• US Bank Wants $528M From Citigroup For Faulty MBS
• Google Sues Visa, MasterCard After $5.7B Fee MDL Opt-Out
• Fla. Judge OKs Espirito Santo's $8M Deal With Bankrupt Bank
• WaMu Trust Cuts $37M Deal With Execs Over Bank's Collapse
• Revived SOX Whistleblower Case Back In JPMorgan's Sights
• Banking MVP: Simpson Thacher's David Woll
• Argentina Must Give Creditors Asset Info, 2nd Circ. Rules
• Madoff Trustee Inks Deal With Cayman Feeder Fund
• SIFMA Asks 3rd Circ. To Rethink Venue For Short-Sale Spat
• Radian Inks $810M Sale Of Bond Insurance Biz To AGC
• NCUA Sues Wells Fargo Over Failures As RMBS Trustee
• Wells Fargo To Pay $14.5M To End Debt Collection TCPA Suit
• RE Rumor Mill: Beacon Capital, Polidev, Ashkenazy
• Fed. Circ. Says Alice Nixes ATM Patents In Wells Fargo Case
• SunEdison Solar Projects Score $75M From JPMorgan
• 2nd Circ. Rejects Goldman Request To Arbitrate MBS Suit
• Sony Won't Be The Last: NY Banks Brace For Cyberattacks
• Regulators Look To Tighten Standardized Capital Measures
• Financial Services Policy During The (Not So) Lame Duck
• The Cuba Embargo — What Now?
• Madoff Trustee Looks To Release $322M In Latest Payout
• Ex-Ariz. Bank Execs Settle $11M Feud With FDIC, Insurer
• LA Sues JPMorgan, BofA, Citi Over Discriminatory Lending
• Pershing Tangles Over Dismissed Fannie-Freddie Action
• New York's Ocwen Deal Sets Tough Precedent For Regulators
• Indiana AG Floats Beefed-Up Online Privacy Regs
• Bank Leumi Paying $130M To Settle NY Tax-Evasion Probe
• Thorny Issues For Courts: Disparate Impact Under FHA
• Morgan Stanley Advisers Launch $5M OT Class Action
• 4 Years For Oxford Collection Fraudster Found Reasonable
• CFTC Fines Deutsche $3M For Books And Records Violations
• HSBC, Capital One Shake Class Suit Over Card Payments
• FirstBank Appeal Fails In Quest For Lehman-Era Collateral
• Banking MVP: Davis Polk's Randall Guynn
• $95M Settlement In Morgan Stanley MBS Suit Gets OK'd
• Dodd-Frank Rules Safe Under TPP, Obama Adviser Says
• IRS Can Send John Doe Summonses To FedEx, UPS, DHL
• UK To Criminalize Rate-Rigging After Libor, Forex Scandals
• Takeaways From Latest OFAC Guidance On Russia Sanctions
• The State Of Technology-Assisted Review In 2014
• Ocwen Chairman Forced Out In $150M NY Servicing Settlement
• NY Court Gets It Right On Common Interest Privilege
• Law360 Names Law Firms Of The Year
• Law360 Names Practice Groups Of The Year
• Ford Credit Gets Calif. Lease Notice Class Action Trimmed
• Knowing The Borrowing Base For Asset-Based Facilities
• Former Diplomat Can't Dodge Stanford Receiver's Suit
• Lehman Trustee Seeks To Recover $98M From Wells Fargo
• Wells Fargo Owes $55M In Mortgage Late Fee Suit, Jury Says
• Calif. Panel Says Concepcion Defeats Broughton-Cruz Rule
• MetLife Poses Potential Stability Threat, Regulators Say
• Volcker Rule Delay Takes Heat Off Some PE Investors
• Obama Says He Won't Sanction Russia Under New Law
• Convicted Ex-Jefferies Trader Says Client Had Him Fired
• Sallie Mae Borrowers Win Cert. On Late-Fee Claims
• Bitcoin Pioneer Gets 2 Years For Aiding Silk Road Exchange
• Walgreen, Kroger Urge 11th Circ. To Kill Fla. Swipe Fee Ban
• 5 IPOs Reap $1B In Last Full Week Of Record-Busting 2014
• Volcker Extension Stokes Fear Of Slipping Regulatory Resolve
• NY Reaches $12M Settlement With Subprime Auto Lender
• Market Rumors: Fitbit, Permanent TSB, American Apparel
• Ally Hotfoots Out Of TARP With US' $1.3B Stake Sale
• ESMA Publishes Final Guidance On New EU Securities Rules
• Banking MVP: Shearman & Sterling's Barney Reynolds
• US Bank Settles With CFTC In Suit Over Peregrine Debacle
• Judge Slams Symantec's 'Ridiculous' Quash Bid In Target MDL
• Mortgage Insurer Radian Protests $1B REMIC Tax Bill
• Inside NY Commercial Mortgage Loan Opinion Practice
• CORRECTED: Judge Won't Change Order In Settled BofA Suit
• Minority Powerbrokers Q&A: Dechert's Laura Ciabarra
• Credit Suisse Hit With $40M Verdict In Texas Loan Fight
• The Naked Truth: Intricacies Of Naked Short Sales
• OFAC Compliance: 5 Challenges You May Face In 2015
• Minority Powerbrokers Q&A: Greenberg Traurig's Ernest Greer
• Ally Gets DOJ Subpoena In Subprime Auto Loan Probe
• Calif. Panel Nixes $82M US Bank Win In Skyscraper Loan Suit
• Cantor Subpoena Axed In Bank Of China Hamas Funding Case
• Dodd-Frank Agencies Coordinated Well On Volcker, GAO Finds
• US Bank To Pay $6M To Settle MBS Class Action
• Banking MVP: Mayer Brown's Matthew Ingber
• Judge Stalls Arbitration Bid In Wells Fargo False Ad Suit
• Market Rumors: Carige, Carrefour, Romania
• NY Eases BitLicense Rules, But Compliance Worries Remain
• Top 10 Things To Know About Obama's Cuba Announcement
• Polsinelli Grabs DLA Piper Real Estate Finance Expert
• MetLife Deemed Systemically Important By Regulators
• RBC Pays $35M To End CFTC's Wash Trading Case
• Sen. Rubio Promises To Unravel Obama's Cuba Policy
• FSOC Calls For Input On Asset Management Systemic Risks
• Secret Clients An Issue As Barclays, NY Spar Over Dark Pools
• Top NY Financial Cop Pushes For Faster Payment Clearances
• Proposals To Reform Ch. 11 Target Secured Creditors
• Wells Fargo Fined $1.5M By FINRA Over Customer ID Lapses
• Spotlight On SFO: Prosecuting In The Regulator's Shadow
• UBS Can't Duck $1.4B Bail In French Tax Evasion Probe
• BigLaw Stands To Gain From New US Policy In Cuba
• NCUA Claims US Bank, Bank Of America Failed MBS Trusts
• 11th Circ. Says Dueling Cases Void Insurance Exclusion
• Broker-Dealer Execs Plead Guilty In $60M Bribery Scheme
• Countrywide Whistleblower Nabs $58M Over BofA Deals
• Highland Seeks $172M From Credit Suisse In Refi Fight
• CFPB Attack On Sprint Sets Up Fight Over Agency's Reach
• On Deck Lands $1.4B Valuation As IPO Prices Above Range
• Madoff Trustee Gets $600M In New Clawback Settlements OK'd
• Yellen Expresses Confidence In NY Fed's Dudley
• Divided SEC Fines Ex-State Street Execs After Reversal
• BofA Can't Quash IT Workers' Overtime Class Action
• Williams Mullen Nabs Tax Expert From KPMG
• Brazil's Cielo To Issue $1.28B To Fund JV With Bank
• CFPB Sues Sprint Over Alleged Bill Cramming
• Obama To Start Normalizing US-Cuba Relations
• Minority Powerbrokers Q&A: Carlton Fields' Ann Black
• Banking MVP: Davis Polk's Margaret Tahyar
• What Happens When Legal Aid Cuts Stimulate Pro Bono?
• 2nd Circ. Wonders If Argentina Debt-Dodging Is 'Pathological'
• Chancery Court Speaks To Underlying Reality of Influence
• Pressure Is On For Israeli Banks
• Banking Regulators Pave Way For ISDA Swaps Stay Provision
• Levin Takes One Last Swing At Wall Street With Trading Bill
• Online Banking Security Patent Deemed Abstract Under Alice
• FINRA In No Playing Mood With Toys R Us Research Case
• Insurers Must Pay US Bank $30M For Overdraft Settlement
• Head Of CFTC Swap Oversight Heads To Senior Role At SEC
• States Take Light Touch With Bitcoin Rules
• Banking MVP: Venable's Greg Cross
• Houston Wants Immunity In Payday Lender Suit Tied To Pol
• Jury Convicts Fla. Mayor In $8M Mortgage Fraud Plot
• Ex-Bond Trader Gets 2.5 Years For $9M Manipulation Scheme
• Credit Suisse Not Liable For $340M Note Losses: 2nd Circ.
• State Banking Watchdogs Look To Build On NY's 'BitLicense'
• Merrill Lynch Fined $1.9M Over Bankrupt GM Debt Sales
• Mortgage Settlement Monitor Questions Ocwen's Compliance
• Russia Sanctions Bill Will Likely Become Law
• 2015 May Be 'Year Of The Individual' At DOJ
• Minority Powerbrokers Q&A: Moore & Van Allen's McDowell
• Willis Group Still On The Hook In Stanford Investors Suit
• Banking MVP: Cleary Gottlieb's Derek Bush
• Madoff Account Manager JoAnn Crupi Gets 6-Year Sentence
• BankAtlantic Hid Precrash Woes From Investors, Jury Finds
• Bridge Bancorp And Community Merge To Form $3.2B Bank
• High Court Clears Air On Class Action Removal Disputes
• Navient Will Buy Back $1B In Shares Starting Next Year
• Financial Services-Focused Blank Check Co. Eyes $100M IPO
• Lehman Trustee Takes $4B Barclays Asset Fight To High Court
• CFPB Sees Continued Problems With College Banking Deals
• High Court Won't Hear Chase PAGA Appeal
• Deception Concerns Loom Large At CFPB Over Prepaid Cards
• High Court Ruling Sets Low Bar For Class Action Removal
• 3 Questions To Ask Yourself Before Hiring Appellate Counsel
• SEC Enforcement: 2014 Review And 2015 Outlook
• Senate Passes $1.1T Spending Bill
• 5th Circ. Vacates Sentences In Ex-NFL Star's $20M RE Scam
• Justices To Mull Whether Bankruptcy Plan Denials Are Final
• Justices To Decide Who Gets Funds In Bankruptcy Conversion
• Barclays Dark Pool Suits Consolidated In NY
• FINRA Fines Citi $3M For ETF Prospectus Delivery Failures
• Baker & McKenzie Nabs White Collar Pro From Venable In NY
• Market Rumors: BAIC Motor, 1Malaysia Development, ECB
• 2nd Circ. Says Swiss Criminal Suit Can Have US Madoff Docs
• Banking MVP: Weil Gotshal's Morgan Bale
• FDIC Says Insurer Owes Bank $5M For Ex-Workers' Bad Loans
• Lehman's Broadcaster Dividend Suit Axed In Del. High Court
• India, Russia Sign Billions In 20 Future Deals At Summit
• $350M Insurance Suit Was Invalid, Lloyd's Tells 5th Circ.
• Ex-Liberty Reserve Tech Chief Gets 5 Years For Conspiracy
• Congress Passes Bill Allowing Small Banks To Add Debt
• 10 Steps To A FINRA-Compliant Social Media Policy
• 6 Questions To Ask Before An Internal Investigation
• Calif. Court Lets 800 Borrowers Rejoin Countrywide Suit
• House Narrowly Passes $1.1T Spending Bill
• Clifford Chance Atty Starts UK, EU Competition Boutique
• Sentinel Trustee Can't Wipe Out BNY Mellon's $312M Debt
• NY Appeals Court Axes BNY Mellon FX Probe Corruption Claim
• LendingClub Rallies In NYSE Debut After $870M IPO
• SIFMA Asks Sens. To Pass Cybersecurity Bill, Harmonize Regs
• Citigroup Dodges Ex-Salomon Head's Theft Loss Appeal
• What Lawyer-Novelists Learned From Being Lawyers
• MF Global Underwriters Ink $74M Fraud Deal With Investors
• CFPB Tells Credit Bureaus To Name Bad Debt Reporters
• IRS Releases Final Regs On Foreign Assets Reporting
• Fannie, Freddie To Contribute To Affordable Housing Funds
• Swiss Bank ZKB To Pay $372M For Asset Manager Swisscanto
• Goldman, Citi Among 10 Fined For Toys R Us Research Pledge
• Regulators Initiate Thrift Savings Plan Rollover Battle
• How Borrower Got 'Free House' In NJ Bankruptcy Case
• JPMorgan Not Due $24M In Chrysler Tax Money, Treasury Says
• Trustees Get No Estimation On Lehman's MBS Liability
• 11th Circ. Says Lender Must Face Penalties For TILA Breach
• Denied Stay, U.S. Century Bank Signs Class Action Settlement
• Dems Rail Against Swaps Push-Out Repeal In Spending Bill
• Ex-UCB Exec Pleads Guilty In $65M Loss-Concealment Plot
• Ex-AIG Brass Ask Panel To End NY's Relentless Fraud Suit
• Miami Asks 11th Circ. To Revive Trio Of Lending Bias Suits
• Ex-Goldman Coder's Effort To Reargue Home Search Denied
• Market Rumors: Kindred, RBS, Puerto Rico
• Madoff 'Tech Guy' Gets 2.5 Years For Ponzi Programming
• Standard Chartered Reveals More Sanctions Investigations
• Brokerage Tells 11th Circ. Policy Covers Thief's Withdrawals
• In Libor MDL, Need For Appellate Certainty May Carry The Day
• Wells Fargo To Pay $1.85M In Loan Officer Pay Settlement
• Morgan Stanley To Pay $4M For 'Rogue' Trader's Apple Buy
• Argentina Bank Encounters Skeptical 2nd Circ. In Bond Appeal
• Madoff Account Manager Must Forfeit 2 Houses, Bentley
• Payday Loan Co. Beats Class Suit Over FCRA Violation
• African Bank Prioritizes Restructuring, Delays IPO
• CFTC Chair Presses Senate Committee For Bigger Budget
• New York Will Examine Banks' Cyber Defenses
• DriveTime Settlement Is A Sign Of The Times For CFPB
• The Many Ways Tweets And Posts Invite Corporate Risk
• Unique Dynamics Of LIHTC Workouts: 3 Thoughts For Lenders
• Ch. 11 Proposals Leave Top Lenders Quaking
• Capital Charge Key To Fed's Plan To Clean Up Big Banks
• LME, Others Fight Alumnum Buyers' Bid To Revive Suit
• Ex-Trader Trying To Double $84M Bonus, Lehman Trustee Says
• HSBC Buys Scotland's 2nd-Largest Mall In $351M Deal
• Fla. Judge Rejects NFL Players' Tolling Claim In BB&T Case
• FINRA Says Rules On Communications, Gifts Need Tweaks
• Justices Skeptical Of Limits On Appeals In Libor MDL
• BNY's Pershing Can't Escape Stanford Ponzi Suit
• Market Rumors: Valeant Pharmaceuticals, Santander, Ardagh
• Paul Hastings Reps Morgan Stanley In $5B Ping An Offering
• Fed's Big Bank Capital Surcharge Targets Short-Term Funding
• SEC's BofA Stance May Turn Rubber Stamp Into Cudgel
• AmFin Fights FDIC Over Specific Trust For $170M Tax Refund
• Barclays Fighting To Hold On To 'Lehman Brothers' Trademark
• Jones Day Adds Litigator, Project Finance Pro In Miami
• Credit Suisse TVIX Plaintiffs Knock Investment Disclosures
• 2 More Madoff Underlings Sentenced For Aiding Ponzi Scheme
• What Every Company Should Be Thinking After Target Ruling
• Phoenix Rival Fights Bid To Cut Software Claim By $9.5M
• NIST Vows To Ramp Up Cybersecurity Framework Outreach
• Justices To Consider Quick Appeal Question In Libor Suit
• FDIC Wrongly Backed DOJ 'Choke Point,' House Panel Claims
• 3 Debates The Ch. 11 Commission Didn't Resolve
• Goldman, Morgan Stanley Hit With Investor Suit Over GTAT
• Joint Retail-Finance Group Urges Cybersecurity Legislation
• RE Rumor Mill: Bank of China, WebMD, Regal Entertainment
• Two Ex-Execs Plead Guilty In $300M RE Ponzi Scheme
• Goldman Must Pay $7.6M In 'Largest' Wrongful Firing Award
• TD Bank Agrees To Data Breach Settlement With Mass. AG
• Feds Seek $190M From Deutsche Bank For Alleged Tax Dodge
• Gov't Victory In Perez V. MBA May Be Pyrrhic
• SEC Slaps Bitcoin Exchange Operator With Industry Bar
• Visa, MasterCard Swipe Fee MDL Gets New Judge
• Deals Rumor Mill: KKR, RBS, Mizuho
• Banks Face Tougher Exams Amid Calls For Reform
• Canal's Sanctions Bid Is 'Self-Serving Nonsense,' Bank Says
• Industry Groups Back Texas In High Court FHA Tax Credit Suit
• No Charges For Deutsche's Co-CEO In Libor Scandal
• 2nd Circ. Says Picard Can't Claw Back From Madoff Customers
• Fannie, Freddie Set Screens For Low Down Payment Loans
• LendingClub Eyes $808M IPO After Boosting Price Range
• Former Madoff Aide Gets 10 Years For Role In Ponzi Scheme
• SEC's Stein Praises BofA Reprieve On 'Bad Actor' Label
• Virginia Bank Co., Ex-CFO Settle SEC Accounting Claim
• Plea In Works For Fuel Exec Hit With $30M Bank Fraud Rap
• 2014 Insurance Coverage Litigation Year In Review
• Argentina Creates New Bond-Payment Plan
• NJ Courts Hand Financial Cos. 2 Bonuses In 2014
• Boston Banker Cops To Insider Trading Scheme With Golf Pal
• 3 More Plead Not Guilty To UK Libor Manipulation
• SIFMA Finds Unlikely Allies Against FINRA's Risk Data Plan
• US Narrowly Passes Basel Capital Rules Test While EU Fails
• Key Takeaways From The SEC's Whistleblower Report
• Ex-UBS Trader In Libor Scandal Wants Out Of Suit, Switzerland
• Madoff Trustee Can't Immediately Appeal Merkin Ruling
• Common Interest Privilege Doesn't Start With Pending Suit
• Treasury Official Urges Banks To Buy Cyberrisk Insurance
• Target Data Breach Ruling Raises Stakes For Retailers
• US Updates BSA, Anti-Money Laundering Exam Rulebook
• SoftBank Injects $250M Into Southeast Asian Uber Rival
• CFTC Official Wants Skin In Game For Swap Clearinghouses
• Stanford Receiver Defends Timing of Proskauer Ponzi Suit
• CFPB, Debt Consulting Firm Reach Settlement
• ACLU Likens FINRA's Risk Data Program To NSA Monitoring
• Silk Road Jurors To Be Asked Views On Bitcoin
• Obama Warned Of Weakening Finance Regs In EU Trade Talks
• ICBC Sells $5.7B In Offshore Preference Shares
• 3 Different Approaches To RICO Extraterritoriality
• Small-Biz Lender On Deck Eyes $1.19B Valuation In IPO
• Understanding LIHTC Basics Before Embarking On Workouts
• Morvillo Nabs Martoma, 'London Whale' Lead Prosecutor
• BofA Says Its Bankruptcy Debt Reporting Practices Are Legit
• Justices Wary Of Handing Trademark Tacking To Judges
• Deals Rumor Mill: Holcim, Vodafone, Guggenheim
• Dorsey & Whitney Nabs Ex-US Bancorp Regulatory Pro
• NY Debt Collection Rules Could Become National Model
• Ex-Treasury Official, Regulatory Pro Rejoins Skadden In NY
• NY Unveils Sweeping New Debt Collection Rules
• EQT, Goldman Reap $670M In Profits With ISS Share Sale
• SEC Hits Convicted Ex-BofA Bid Rigger In Admin Court
• Citigroup, DOJ Wrap Up Deal Over Exposed Customer Info
• Ford Accused Of Cheating Lessees Out Of Overpayment Equity
• And Now A Word From The Panel: End Of An Era
• Honda Lending Arm Braces For Feds' Loan Pricing Action
• RE Rumor Mill: Blackstone, Google, Aareal
• Wells Fargo REIT Plans $275M IPO To Help Fund Asset Buys
• Another Setback For UK Private Health Care Market Inquiry
• Appeals Court Revives UBS Fraud Claim In $331M CDO Suit
• Winston & Strawn Adds Mayer Brown Banking Pro In Houston
• JPMorgan Says GM Finagled End To Interest On $1.5B Loan
• Goldman Sachs Pays Spain's Bankia $440M For RE Assets
• Target Loses Bid To KO Banks' Data Breach Litigation
• Insurer Denied Quick Win In Integra's Ponzi Scheme Loan Suit
• Banks Face Ongoing FCA Threat Despite Likely Dip In Fines
• Market Rumors: Uber, Vale, Medtronic
• Credit Suisse Pans US Bank's Bid To Step Into RMBS Deal
• Lehman Judge Delays Decision On $62M FirstBank Claim
• Highland Entity Blames Credit Suisse For $285M Refi Loss
• Curry Wants Volcker Rule Exemption For Small Banks
• Arab Bank Immune From Terror-Finance Suit, 2nd Circ. Hears
• Citizens Financial Plans $1.5B Offering On Heels Of IPO
• Del. Justices Say RBC's Rural/Metro Appeal Was Too Early
• Husch Fights Edelson's Sanctions Bid Over Spoliation Claims
• 5th Circ. Limits 'Value' In Fraudulent Transfer Defense
• Banks Haven't Learned Their Lesson, Top UK Enforcer Says
• DOJ's Global Tax Work Just Getting Started, Keneally Says
• Deutsche Bank Drops $991M For Frankfurt Tourism Complex
• Caution: Flaws Of The Attorney-To-Secretary Ratio
• Should US Law Enforcement Really Police World Soccer?
• House Passes Bill Reforming Ch. 11 For Big Banks
• Ch. 11 Pros Forsee Refurbishing Of Securities Safe Harbor
• Justices Push DOL Over Flip On Loan Officers' OT Status
• Perez V. MBA Is Unlikely To Provide Regulatory Relief
• Market Rumors: BAIC Motor, Dalian Wanda, Sophos
• Wall Street Lobby Slams FINRA's Risk Data Program
• High Court Again Urged To Nix Debit Card Swipe Fee Rules
• Cook County Seeks $300M In Wells Fargo Mortgage Suit
• Citibank Sued By Shareholders Over RMBS Dealings
• Espirito Santo Under Probe For Tax Fraud, Money Laundering
• UK's Co-Op Bank Sells Distressed Property Biz For $248M
• Peer-To-Peer Lending Startup Eyes $635M IPO
• Toyota Financing Arm Faces CFPB, DOJ Discrimination Fine
• GCs Name Most Arrogant Law Firms
• High Court Won't Rehear Suit Over Bank's Check-Cashing Fees
• GCs Add 35 Firms To List Of Most Arrogant
• SocGen Regulatory Chief Tapped To Chair ISDA
• Virgin Money Buys $570M BofA-Owned Credit Card Portfolio
• FTC Sees Privacy As Paramount For Debt Buying Industry
• The Increasing Prominence Of World Bank Sanctions