Banking Archive » February, 2017

Banking - February, 2017

349 articles

• UBS Units Beat Lingering Suit Over Brokers' Enron Knowledge
• SEC's Belt To Tighten Under New Administration
• ICSID Roundup: The Latest Claims You Need To Know
• Chicago Law Firm Ducks Malpractice Suit Over Defaulted Loan
• NJ Judge Axes Vestiges Of Morgan Stanley Advisers' OT Suit
• Merrill Lynch Faces Class Claims Over Customer Cash Use
• Goodwin Procter Lands Freshfields Bruckhaus Bank, PE Atty
• BMO Released From Money Laundering Enforcement Action
• Wells Fargo Defends 'Generous' Pay In Meal Breaks Suit
• Morgan Stanley Says Tax Reporting Mishap Could Cost $70M
• Wendy's Slams Magistrate's OK Of Data Breach Suit
• Judge Grants Class Cert. In Closely Watched NY Debt Case
• Ex-Lawyer's $70M Liability To Citigroup Concerns 2nd Circ.
• Seyfarth DC Real Estate Leader Eyes Tax Law 'Sea Change'
• Citibank Cleared Of Fraud Over 'Marked Up' Forex Trades
• FDIC Says Bank Profits Jumped 8% In 2016's Last Quarter
• The Stakes Are High In Ambac Assurance V. JP Morgan
• How 401(k) Benefits Can Attract Millennial Legal Talent
• How The Courts Review Executive Orders
• Coin.mx Witness Tells Jury Pastor 'Wanted Out' Of Bank Biz
• FinCEN Says No Proof It Hid Report In Tanzanian Bank Row
• FDCPA Needs To Cover Debt Buyers, State AGs Tell Top Court
• Wells Fargo Faces Sanctions Bid In Film Funding Fraud Suit
• Calif. Bank To Pay $7M To Feds In Bank Secrecy Settlement
• Ex-Regulators Warn Governments On Bank Deregulatory Push
• Big Banks Want Aussie Benchmark Price-Fix Suit Shredded
• Katten Muchin Adds Finance Partner From Proskauer
• Fed. Circ. Affirms That Alice Kills Patents In Sallie Mae Case
• Financial Services Committee Slams SEC's Budget Plans
• SunTrust Faces SEC Fine Over Mutual Fund Sales Practices
• Disbarred Calif. Atty Gets 7-Year Sentence For Loan Scam
• Biz Groups Appeal DOL Fiduciary Rule Fight To 5th Circ.
• FINRA Fines JP Morgan $675K Over Late Reporting
• Judge Orders Former Madoff Employee To Give Up $1.1M
• NY High Court Expands Protections For Financial Traders
• The Loss Of Confidentiality In NY Arbitral Enforcement Cases
• Citigroup Confirms SEC Probe Over Foreign Hiring Practices
• Property Owner Fights Taking Lien Dispute To Fla. High Court
• Financial Cos. Slap Arby's With Suits Over Data Breach
• Defense Hammers Star Government Witness At Coin.mx Trial
• 1st Circ. Affirms Cocktail-Napkin Insider Trading Conviction
• Acting SEC Chair Sets Sights On Disclosure 'Avalanche'
• Mediation Fails in MF Global's $1B PwC Malpractice Suit
• CFPB Wants $107M Judgment Approved In Debt-Scam Suit
• Real Estate Rumors: Chetrit, Walton Street, Capital One
• Standard Chartered Expects NY To Prolong AML Monitorship
• High Court Shouldn't Revive $7B Antitrust Deal, Groups Say
• Deals Rumor Mill: Terra Firma, FNB, Royal Bank Of Canada
• Feds Seek About 3 Years For Ex-Rabobank Trader Over Libor
• Lehman Brokerage Trustee Seeks OK For $228M Distribution
• Fed, Treasury Give Guidance On Swap Margin Deadline
• Judge Grants Lenders' Wish, Pausing $100M Egypt Bond Row
• Trump Orders Agencies To Create Deregulation Task Forces
• What Lawyers Can Learn From Kellyanne Conway
• How States Might Challenge The OCC's Fintech Charter
• RBS Pitched Into Deep 2016 Loss By £5.9B Legal Bill
• Capital One's Anti-Money Laundering Program Under Scrutiny
• Judge Won't Toss Venezuelan Agency Suit Against Ex-Counsel
• Vague Terms Kill Banks' Lehman Claims Over 600K Mortgages
• Protected Doc Use Flagged In Merrill Bid To Block Arbitration
• Romanian Citizen Gets 5 Years In $5M ATM Skimming Scheme
• Ex-Goldman VP Takes Code Theft Case To NY High Court
• Former IMF Head Sentenced To 4.5 Years For Embezzlement
• K&L Gates Snags Partner From Squire Patton Boggs
• Holland & Knight Protests DQ Bid To Judge's 'Dismay'
• Tilton, Patriarch Fail To Shake $45M Fraud Suit
• Jury Rejects Sexual Harassment Case Against Citizens Bank
• Faruqi Beats Ex-Partner's Suit Over Client Commissions
• Firms Fight Over $2M Probe Of Overbilling $75M Fee Pot
• Financial Services In The 1st Month Of Trump Presidency
• Canadian Securities Watchdog Launches Regulatory Sandbox
• FinCEN To Keep Watching Shell Cos.' Big Real Estate Deals
• Deals Rumor Mill: Siemens, Allfunds Bank, Siam Commercial
• European Bank Capital Raising Soars To Start 2017
• The Mistakes Lawyers Make When Copying And Pasting
• NY AG's Fraud Powers Face Political Pressure
• Latham Scores Skadden, Paul Hastings Trial Partners In LA
• High Court Shouldn't Hear $7B Visa, MC Deal, Retailers Say
• Coin.mx Fraudster Takes Stand In Bitcoin Bribery Trial
• 11th Circ. Affirms Wells Fargo Property Interest In Nadel Case
• Wells Fargo Settles TCPA Suit For $15.7M
• Chase Ducks $1.5M Superstorm Sandy Damage Suit
• Wells Fargo To Pay $2M In TCPA Student Loan Call Suit
• Saudi Aramco Picks Lead Underwriters For Massive IPO
• Calif. Court Gets Automatic Funding Disclosure Right
• PE Giant Carlyle Eyes Butterfield Exit In Post-IPO Sale
• PE-Backed Cos., SPAC Merge In $2.8B Creation Of Exela Tech
• Deutsche Bank Says Russian Trade Statements Not Fraud
• WaMu Again Loses In Tax Refund Suit Over Thrift Deals
• Holland & Knight Says Advisory Role Didn't Cause Conflict
• Benefits Of Bringing Fraudulent Conveyance Actions In NY
• Mortgage Servicer Rips Efforts To Intervene In CFPB Review
• Wells Fargo Board Fires 4 Managers In Phony Accounts Probe
• Citigroup, JPMorgan Face Euribor Antitrust Class Action
• No Jail For Ex-Oil Co. CPA In $30M Bank Fraud Scheme
• Citi To Pay $5.3M To Settle S. Africa Forex Antitrust Case
• Fed. Circ. Clarifies Scope Of AIA Business Method Review
• Dems Want Trump To Endorse Currency Manipulation Bill
• Ex-Rabobank Trader Looks To Avoid Jail On Libor Guilty Plea
• Split DC Circ. Nixes Fannie, Freddie 'Profit Sweep' Suits
• Kan. Stock Promoter Says 10th Circ. Order Blocks SEC Case
• NYC Mayor Tells 17 Banks To Pull Dakota Access Financing
• Health Care Deal Predictions From '17 JP Morgan Conference
• Buchalter Hires Seven Attorneys To Open Sacramento Office
• Supreme Court Won't Hear Lehman Employees' ERISA Suit
• Justices Won't Hear Loan Co.'s Mass. Excise Tax Appeal
• HSBC Faces New UK Anti-Money Laundering Probe
• Justices Revive FCA Suit Against Wells Fargo, Citing Escobar
• 2-For-1 Executive Order Leaves OMB To Work Out Details
• DOL Notches Win Against Insurer's Fiduciary Rule Challenge
• Calif. Appeals Court Revives BNY Mellon's Lien Priority Suit
• FDIC Can Split Colonial Trials Against Crowe Horwath, PwC
• Ex-JPMorgan Banker Gets 3 Years For Leaking Tips To Dad
• Ex-Tribal Officials Slam Stay Terms In $6M Embezzlement Row
• Facing Trump, CFPB Picks Up Enforcement Pace
• PE CEO In Fraud Case Wants 'Bad Faith' Warrants Suppressed
• Austrian Co. Can't Exit GM Suit Over $1.5B Loan
• NY AG, Regulator Spar Over Cuomo's Banking Fraud Plan
• Cay Clubs Ex-CFO Fights Gov't Request To Clarify Order
• Taxation With Representation: Weil, Skadden, Kirkland
• SunEdison's Unsecured Creditors Grilled Over Fraud Suit
• $3.9M Ends SEC's Stanford Ponzi Claims Against Ex-Exec
• Freddie Mac, FDIC Lose Bid For Redo In Libor Rigging Fight
• 9th Circ. Won't Revive Suit Against BofA Over Loan Reports
• Anti-Money Laundering Expectations Under Trump
• Waive Goodbye: How Trump Might Attack The Iran Deal
• Reconsidering CFPB V. PHH
• Willkie Farr, Ex-Client Spar Over Tossed Backstabbing Claim
• Trump Will Struggle To Fire Cordray During DC Circ. Review
• Founder Of BlueHippo, Itself Underwater, Files For Ch. 7
• Commerzbank Tells Judge Not To Toss Wells Fargo RMBS Suit
• Investors Can't Revise Distribution For $15M Farm Loan Scam
• 8th Circ. Affirms $8.6M Fees Grant In $26M Wells Fargo Deal
• Acting SEC Chair Curbs Enforcement Staff's Power
• Hacker Gets Prison In Bank Data Theft Scheme
• JPMorgan's $797M Settlement With Lehman Gets Court OK
• Deals Rumor Mill: KKR, ConocoPhillips, Goldman Sachs
• Euronext Says New Platform Shields From High-Speed Traders
• Billionaire Slams Stanford Receiver's $88M Clawback Bid
• Fannie Mae Shareholders Want 2nd Chance In Deloitte Suit
• NY Judge Gives Nod To Ex-AIG Head's $10M Deal
• Morgan Stanley Pays FINRA Fine Over Municipal Bond Trades
• DC Circ. Agrees To Rethink SEC Judges' Constitutionality
• CFPB Wins Full DC Circ. Review Of Leadership Ruling
• Relearning The Lessons Of Korematsu's Case
• How A General Counsel Should Think About AI: Part 2
• CFPB Contemplates Using Alternative Data In Credit Scores
• Ex-BNY Mellon Staffer Bilked $7M From Bank, Feds Say
• Pastor, Tech Whiz Blame Coin.mx Boss As Bribery Trial Opens
• IBS Investment Bank Seals $100M Multifamily RE Partnership
• Conflicted Kirkland Team Hangs On In Turkish Trader Case
• Millionaire Who Killed Son Presses $37M Merrill Fraud Case
• Cay Clubs Ex-CFO Seeks To Keep Tax Report Out Of Trial
• JPMorgan, Others Accused Of Rigging Forex In S. Africa
• Ex-Cohen Milstein Attys Launch New Group At Motley Rice
• Fed Chair Says Rulemaking Calendar Is 'Relatively Light'
• Fried Frank Guides Goldman's $95M Marketing Co. Investment
• Card Issuers Say Schnucks Clearly Had Duty To Protect Data
• Ex-SocGen Employee Loses Bid To Vacate Arbitration Award
• Judge Botched Trial Of NBA Investment Adviser, 7th Circ. Told
• FCA Relator Seeks Cut Of Deutsche's $7.2B RMBS Deal
• Trusts Say New Reps Will Resist Feds' 1MDB Asset Grabs
• How A General Counsel Should Think About AI: Part 1
• Bank M&A Lessons From 2016 Regulatory Approvals
• Treasury Sanctions Venezuelan VP For Drug Trafficking Aid
• Weil, Kirkland, Skadden Helm SoftBank's $3.3B Fortress Buy
• Website Owner Says He Didn't Know Of Scam Alleged By FTC
• Banks Lavished Dewey With High Debt Offers, Jury Hears
• CVR Energy Hid $36M Bank Fee From Investors, SEC Says
• CFTC Gives Dealers More Time On Swaps Rule
• Flynn's Exit Could Stall Russia Sanctions Relief
• Austrian Co. Fights To Exit GM Suit Over $1.5B Loan
• Judge Says Lakah Bros. Must Face Music In $100M Bond Row
• Cooperating Ex-Rabobank Trader In Libor Scheme Avoids Jail
• Cruz, Fellow Texan Unveil Bills To Kill CFPB
• Coin.mx Prosecutors Press Fight Over Surprise Trial Witness
• Doral Financial Trustee Seeks To Cap Ex-Exec's $12M Claim
• Capital One Faces TCPA Class Action Over Alleged Robocalls
• 2nd Circ. Won't Rehear ERISA Suit Over Madoff Profits
• Deutsche Bank Gets Claims Trimmed In Forex Delay Suit
• Deals Rumor Mill: Intesa, Service King Paint & Body, Cairn
• SIFMA Backs Morgan Stanley In $111M RMBS Claims Appeal
• Fraudster In $200M Bank Loan Scheme Gets 3 Years In Prison
• ADR Holders Want JPMorgan Fees Suit Kept Alive
• Yellen Rebuts Trump's Claim That Dodd-Frank Hobbled Banks
• Warren Asks About Lobbyists' Sway On Trump Bank Orders
• Morgan Stanley Pays $8M, Admits Wrongdoing Over ETFs
• Feds Seek 5 Years For Banker Who Gave Dad Merger Tips
• Capital One Wants Credit Report Info Suit Tossed
• Overcoming Obstacles To Financial Reform And Deregulation
• 9th Circ. Skeptical UBS Account Suit Can Proceed In Calif.
• Omni Execs' $10M Deal Is Covered, FDIC Tells 11th Circ.
• Saving Lawyers 1 Less Drink At A Time
• Wendy's Should Face Data Breach Suit, Magistrate Says
• Last-Minute Gov't Witness Roils Bitcoin Case, Delays Trial
• Holland & Knight 'Likely' Repped Both Sides In Suit: Judge
• Mnuchin Wins Confirmation As Treasury Secretary
• Ex-AIG Head Blasts NY Atty Gen's Release On $10M Deal
• FTC Investigator Explains Probe Into Credit Reporting Sites
• FINRA Seeks Input On Rollback Of Investment Projection Ban
• Sessions Could Further Blunt Bank Access For Pot Biz
• NJ Panel Says Loan Row Is Too Small To Arbitrate
• USS Cole Victims Can't Get Ex-Sudan Funds, Judge Rules
• The Post-Brexit Future Of Euro Clearing In London
• A Lesson On The Rule Of Explicitness
• In Congress: CRA Disapprovals, Sub-Cabinet, Mnuchin
• Lawyers Cannot Stay Silent While Trump Belittles The Courts
• Ex-Jefferies Trader Seeks Acquittal On Sole Guilty Count
• Senators Question Goldman's Influence On Trump's Orders
• Stay Of Embezzlement Suit Mulled As Criminal Case Proceeds
• Creditors Blast International Shipholding's Ch. 11 Plan
• Biz Prof Gets 7-Month Prison Stretch For $220M Tax Scheme
• Chesapeake Wants High Court To Wade Into $439M Bond Beef
• Singapore Judge Says RBS Trading Spat Belongs In UK
• Senate To Vote Monday On Trump Treasury Pick Mnuchin
• House GOP Taking Aim At SEC Whistleblower Program
• Payments Co. Can Pursue Bid To Collect $4.5M Judgment
• Husband In Couple's $70M Ponzi Scheme Pleads Guilty
• NY Panel Says Bear Fund Liquidators Suit Time-Barred
• Russian Bank Linked To Embezzlement Gets Ch. 15 Protection
• $55M Global Debit Card Heist Mastermind Get 8 Years
• Former AIG Heads Settle Decade-Old Fraud Case For $10M
• Marketing Basics For Solo Practitioners And Small Law Firms
• Julius Baer Faces €306M Demand Over Embezzlement Claim
• Citigroup 'Boys' Club' Bias Suit Looks Bound For Arbitration
• Fed's Regulatory Chief To Step Down In April
• Real Estate Rumors: Morgan Stanley, NYC Penthouse, Daten
• Demystifying International Extradition
• Gorsuch, CFPB And Future Of The Administrative State
• Trump Faces Longer Odds To Ax Fiduciary Rule After DOL Win
• Wis. Credit Union Accused Of Violating Overdraft Rules
• Calif. City To Nix $124M Wells Fargo Contract Over Pipeline
• House GOP Plans To Limit Dodd-Frank Outlined In Memo
• Dems Push Fed On Physical Commodities Ownership Rules
• A Guide To Managing Outsourcing Relationships
• Ex-Rabobank Trader, Libor Suit Witness Seeks Time Served
• Santander Workers Urge Judge To Revisit Arbitration Order
• Banks Sue US Over Fed Dividend 'Bait And Switch'
• Real Estate Rumors: Cooley, Martin Sweren, Tesla
• Puda Coal, Ex-Chair Hit With $228M Stock Fraud Penalty
• Belize Tells DC Circ. Arbitrator's Conflict Nixes $38M Award
• Judge Won't Reconsider Denial Of Homeowners' Class Cert.
• Hype Surrounds Trump's Financial Regulation Orders
• UK Financial Sector Shares Top Regulatory Concerns For 2017
• Law Firm Margin Improvement: The Long Game
• Judge Says Immig. Ban Delays UK Trip for Bailed HSBC Exec
• Tribe Says New Evidence Backs Freezing Ex-Leaders' Assets
• UK Rejects Watchdog's Call To Discount Tax-Avoidance Gains
• Giancarlo Nearing Nomination For CFTC Chairman
• PayPal Hit With Money Laundering, Sanctions Subpoenas
• Ga. Reaches $40M Settlement With Western Sky, CashCall
• Senate OKs Sessions As Trump's Attorney General
• Military Contractor Asks For Revival Of $10B Barclays Suit
• Arnall Golden Atty To Head FTC Consumer Protection Bureau
• SIFMA Blasts NYSE's 'Game Of Thrones' Analogy In Fee Fight
• Seattle To Pull $3B Out Of Wells Fargo Over Dakota Pipeline
• DOL Beats Latest Challenge To Fiduciary Rule
• Allen & Overy Hires 'London Whale,' Martoma Prosecutor
• Warren Says Industry Supports, Is Ready For Fiduciary Rule
• Fed General Counsel Alvarez To Leave Central Bank
• Inside The CFTC's New Advisories On Cooperation
• Groups Sue To Block Trump's 2-For-1 Regulatory Order
• Whistleblower Protections: What To Expect In The Trump Era
• 2017 Check-Up: Is Your Law Firm Positioned For Success?
• Major Cos. Push High Court For Stricter Patent Venue Rules
• Venezuela Wants 6th Circ. To Affirm $100M Fake Note Suit
• Milbank Advises On $1.2B Issue By Biggest Philippine Bank
• Feds Call For Lighter Libor Sentence For Ex-Rabobank Trader
• District Seeks Cert. In Barclays Energy Price-Fixing Suit
• 4 Found Guilty For £160M Fraud Against Barclays, KBC
• China Drives Fintech Investment While Brexit Hammers UK
• Bank Looks To Secure Exit From Tribe's Embezzlement Suit
• AnaCap Financial Picks Up $189M Italian Loan Portfolio
• FHLB Boston's $6B RMBS Suit Sent Back To State Court
• MF Global's $1B-Plus PwC Malpractice Trial Delayed For Talks
• Simpson Thacher Lands Ex-SEC Unit Chief
• McGuireWoods Boosts Fintech Practice With Ex-CFPB Atty
• Inside Trader Tells 1st Circ. Salman Ruling Nixes Conviction
• Sens. Ask CFTC To Account For IT, Whistleblower Lapses
• 8th Circ. Absolves PNC Of Liability For Sigillito Ponzi
• CFPB, NY Say Settlement Advance Firm Scammed 9/11 Victims
• Convicted Ex-JPMorgan Trader Seeks 4 Years' Probation
• The Missing Key To 3rd-Party Litigation Funding
• OFCCP Continues To Crack Down On Pay Discrimination
• Trends To Watch In DOJ Cartel Investigations This Year
• Litigating Abusiveness: A Quasi-Fiduciary Duty Emerges
• Late Changes To Fiduciary Rule Memo Sow Confusion
• Canadian Bank Seeks Out Of Gambling Fraud Allegations
• 7th Circ. Urged To Rethink Freeing BofA From Securities Suit
• 6th Circ. Upholds JPMorgan's $425M Win Over Auto Supplier
• 'Sued' Clause Should Put $6B MBS Suit In State Court: Banks
• Jefferies Sues To Halt FINRA Arbitration Over Stock Drop
• Piwowar Orders SEC To Reconsider Pay Ratio Rules
• JPMorgan Urges 11th Circ. To Undo $1.3M Fraud Row Revival
• Latham & Watkins Hires Ex-SEC Brass, Fintech Rules Expert
• GOP Moves To Kill CFPB Prepaid Card Rules
• Feds Defend FBI Evidence In PE CEO's Fraud Case
• $2M Award Cut, Jury Trial Ordered In NJ Whistleblower Suit
• Law Firms That Double-Billed For Staff Attys Face $2M Probe
• House Dems Blast Trump Efforts To Scale Back Dodd-Frank
• No JPMorgan Discovery For Aozora As Timeliness Is Weighed
• Ex-Banker Urges High Court To Review Whistleblower Status
• Dodd-Frank Tinkering Risks Global Stability, EU Warns Trump
• The 5th Amendment's Essential Role In Offshore Audits
• Bruising Fight For Fate Of Dodd-Frank Lies Ahead
• SEC Drops $428M Thornburg Mortgage Case
• Judge Seeks Deal In MF Global's $1B PwC Malpractice Suit
• Bank Seeks Foreclosures After Firm Defaults On $20M Loan
• Ex-Morgan Stanley Banker Arrested, Accused Of $5M Rip-Off
• RBS To Pay $85M CFTC Fine Over ISDAfix Manipulation
• CORRECTED: Trump Orders Review Of Dodd-Frank And Fiduciary Rule
• FINRA Is Ready To Focus On 'Blocking And Tackling'
• Bankruptcy Atty Fights 51 Motions To End His FCRA War
• Gorsuch Could Tip Scales Against SEC's Admin Court
• 9th Circ. Grants Pro Se Appeal of FINRA Fine
• DC Circ. Says 17 States, 2 Dem Lawmakers Can't Defend CFPB
• Calif. Appeals Court Orders Jury Trial In $110M Loan Row
• Trailer Co. Fights Contempt Bid In Racer Lending Scheme Row
• CFTC Grants Grace Period For EU Swap Margin Rules
• Fraudster In $62M Bank Scheme To Be Resentenced
• 11th Circ. Upholds Bank VP's TARP-Related Fraud Conviction
• 48 Objectors Say TCPA Settlement Was 'Reverse Auction'
• Banking Group Of The Year: Sullivan & Cromwell
• Prudential Investors Retreat From Excessive Fee Suit
• IRS Moves To End $377M Tax Row Over Merrill Lynch Loans
• Ex-Citigroup Worker Asks No Arbitration In Gender Bias Case
• Convicted JPMorgan Trader Can't Get New Trial
• A New Tool For Obtaining Jurisdiction In New York Courts
• Can Federal Agencies Reverse Course Under Trump?
• HBOS Fraudsters Got 'Bling,' 'Swank' — And Years In Prison
• The 4 Wittiest Dissents By Gorsuch
• Forex Firm Seeks Toss Of Investor Suit Over $300M Bailout
• Gorsuch's Opening Words Speak Volumes About His Style
• JPMorgan To Pay Lehman $797M Over Collapse-Linked Claims
• Senators Flirt With Nuclear Option Over High Court Pick
• Similar On The Law, Gorsuch Differs From Scalia In Style
• Securities Co. Pays $16M In Suit Over Schilling's 38 Studios
• Attys React To Judge Gorsuch's Supreme Court Nomination
• 2 Coin.mx Defendants Reject Plea Deals Ahead Of Trial
• 2nd Circ. Revives JPMorgan Silver Futures Antitrust Suit
• Judge Recommends Nixing Money Transfer IP Under Alice
• Non-US Bank's NY Office Not a 'Branch' For Tax Purposes
• Silver Investors Slam DOJ Discovery Halt In Price-Fixing MDL
• CFPB Hits UniRush, MasterCard For $13M In RushCard Outage
• Banking Group Of The Year: Quinn Emanuel
• The Myth Of The Forceful Mediator
• How The Cayman Islands Updated Its Confidentiality Law
• Key Takeaways From FINRA's 2017 Priorities Letter
• Senate Panel Advances Price, Mnuchin Without Dems Present