Banking Archive » February, 2018

Banking - February, 2018

339 articles

• Morgan Stanley GC Sees End Of Big Enforcement Era
• Ambac's Puerto Rico Bond Payment Challenge Tossed
• SEC Bosses Deny Trump-Era Enforcement Slowdown
• Justices Hone Creditors' Ability To Ax Pre-Bankruptcy Deals
• Dems Want Info On Alleged 'Quid Pro Quo' Army Sec. Deal
• What IP Attys Need To Know About Blockchain
• Feds Get $149.5M Deal With Deloitte Over Taylor Bean Audits
• Judge Cuts Usury Suit From TD Bank Fee Overdraft MDL
• Ex-Barclays Forex Chief Says 'Abuse Of Process' Dooms Case
• HSH Nordbank Sold To PE Consortium For $1.2B
• 8th Circ. Upends Developer's $9M Win Against Fidelity
• M&T Bank Had No Duty To Give Bond Payoff Info: NJ Court
• Ocwen Financial Inks $360M Cash Deal For Rival PHH
• No Gain On Monster CEO's Stock Swap Delay, 2nd Circ. Told
• Wells Fargo Tries To Nix Navajo Nation's Fake Account Suit
• Antitrust Questions Posed By The Justices In AmEx Case
• Basel Committee Toughens Up Credit Risk Model For Banks
• Manafort To Face 'Foreign Agent' Charges At Sept. Trial
• Irish 'Banks' Sued Over Failed Chicago Spire Project
• Deutsche Inks $240M Deal To Settle Libor-Rigging Row
• Wells Fargo Execs To Face Bulk Of Claims In Shareholder Suit
• Convicted Ill. Judge Asked Why She Deserves Law License
• BofA Seeks To Stay Countrywide Appraisal Class Action
• 3rd Circ. Says CashCall Can't Arbitrate Lending Suit
• Auto Loan Fraudster Can't Reduce Jail Time, 7th Circ. Says
• Ex-State Street Exec Can't Dodge Fraud Charges, Court Says
• Investors Sue Wynn Resorts GC, Execs Over Insider Trading
• PayPal Settles Claims Of Misleading Venmo Users On Funds
• Why Machine Learning Should Matter To Lawyers
• 5th Circ. Keeps Fannie In Foreclosure Row, Not Wells Fargo
• Is The VIX Fixed? A Look At Wall Street's 'Fear Gauge'
• Time To Re-Evaluate Anti-Money Laundering Compliance
• Justices Limit Ch. 11 Safe Harbor For Securities Clawbacks
• Basel Committee Seeks Updates To Capital Disclosure Rules
• Seadrill Gains Restructuring Plan Support With Creditor Deal
• RMBS Investors Barred From Sampling Loans In HSBC Suits
• Beirut Victims' Kin Fight Bank's Bid To Stay Terrorism Case
• JPMorgan Beats Adviser's Wrongful Firing Claims
• Lawsuit Over Trump's 2-For-1 Regulation Order Tossed
• Calif. Tribe Asks 9th Circ. To Revive Claims Against Bank
• Real Estate Rumors: JPMorgan, Fla. Apartments, TD Bank
• Justices Recognize High Stakes Of AmEx Antitrust Case
• Fed Not Looking To Relax Bank Regulations, Top Official Says
• Waddell & Reed Must Face $7M Suit Over Funds In 401(k)
• Deutsche Unveils IPO Plans For Asset Management Group
• Ex-JPM Banker Argues Conviction Served On 'Silver Platter'
• Jefferies Trader's Suit Against Exec 'Hard To Fathom': Judge
• MoFo Atty DQ'd In Banc Of Calif. Cloud Access Suit
• ECB To Seek Feedback On New Overnight Reference Rate
• Takeaways From Dismissed Challenge To Trump's CFPB Pick
• Public Air Charter Founders Can't Shake NJ Fraud Charges
• High Court Fight Over SEC In-House Judges Heats Up
• Illinois Software Exec Pleads Not Guilty In Spoofing Case
• Germany Refuses To Extradite Traders For SFO Euribor Trial
• UK Litigation Roundup: Here's What You Missed In London
• Up Next At The High Court: Antitrust Rule, Public Unions
• Looming Cap On Borrowing Could Alter Financing Strategies
• JPMorgan Inks $2.25M TCPA Deal Over Robocalls
• Texas Justices Say Payday Lender Can Arbitrate Claims
• Antitrust World Eyes Justices On AmEx Steering Case
• BofA Looks To Trim Ex-Banker's Meal, Rest Break Claims
• 2nd Circ. Gives 2nd Shot To Schwab's Libor Claims
• SWS Investors Lose Bid For Higher Stock Price Post-Sale
• Pa. Treasurer Targets 3 Banks In Lending Disparity Probe
• Ocwen Sues Insurer Over Coverage Of Investor Suit
• Understanding Texas Mechanic's Liens And Bonds: Part 3
• BNY Mellon Staffer Who Embezzled $7M Gets 3-Year Sentence
• Manafort Associate Pleads Guilty In Mueller Probe
• 10 Considerations For Blockchain Patent Applications
• Examining SEC's 2018 Exam Priorities
• 2nd Circ. Raises Bar For US Jurisdiction Over Foreign Banks
• RBS Sets Aside £3.2B To Cover US Loan Misselling Probes
• Man Posed As Well Owner For Millions In Loans, DOJ Says
• Insurers Fire Back At Bank's Bid For 6th Circ. Revival
• SEC Case Exposes Justices' Rift Over 'Legislative History'
• Chevron Spared As Justices Say 'Whistleblower' Term Clear
• BMW To Pay Service Members $2.1M In Lease Refund Row
• DOJ Fights Ex-State Street Exec's Bid To Sever New Charge
• Investors, US Bank Agree To Move MBS Claims To NY Court
• Mastercard Asks Fed. Circ. To Affirm PTAB's Toss Of Patents
• JP Morgan Guides Sterling Bay's $510M Warehouse Buy
• Trump's Ex-Campaign Officials Face New Tax, Fraud Charges
• Olshan Frome Adds Ex-Miller & Wrubel Securities Pro
• Deutsche Says Foreign Investors Not Fit To Lead RMBS Suit
• Website Accessibility Suits Highlight Need For DOJ Rule
• ECB Resists Calls To Intervene In Latvian Bank Crisis
• Wilson Sonsini Hires Ex-Associate As Securities Partner
• SWS Investor Says Chancery Appeal Gave Heft To Bad Math
• Texas Court Affirms $288M Judgment Against Credit Suisse
• Sidley Austin Adds Ex-Winston & Strawn Global Finance Atty
• Cassin & Cassin Steers First Republic Bank's $65M NYC Loan
• Bernstein Litowitz Takes Lead In Equifax Shareholder Suits
• New SEC Cybersecurity Guidance Dinged By Dems As Rehash
• In Somers, High Court Takes Us Back To 2014
• Treasury Backs Dodd-Frank Wind-Down Powers, Eyes Reform
• 'Convoluted' Construction Loan Row Remanded Again
• Companies May Find High Court Whistleblower Ruling Costly
• UAE Mall Project Scores $354M Loan From Group Of Banks
• LendingClub Unveils $125M Settlement Of Investor Suits
• Libor Manipulation By 16 Banks Sank Doral, FDIC Alleges
• Santander To Pay Conn. Consumers $2.9M In Settlement
• Understanding Texas Mechanic's Liens And Bonds: Part 2
• Suit Over Firm's Debt Collection Was Timely, 3rd Circ. Told
• Temenos Expands Fintech Service With $1.9B Fidessa Merger
• Libor Transition Could Cost Banks $200M, Report Says
• Watchdog Floats Rules For Banks Managing Capital Raises
• A Review Of Cross-Border Investigations In 2017: Part 2
• Supreme Court Narrows Definition Of Whistleblower
• Stanford Ponzi Deal Wrongly Bars Claims, 5th Circ. Hears
• Wilmington Suit Over Ex-Chesapeake CEO's $464M Debt Stays
• Fed. Circ. OKs Killing Money Transfer Patent Under Alice
• Judge Nixes LendingClub Investor Bid For Underwriter Docs
• Swift Action Called For In Pacific Drilling Ch. 11 Case
• 4 Cos. Restock IPO Pipeline With Filings Totaling $300M
• Deals Rumor Mill: Deutsche Bank, Tesco, United Arab Bank
• High Court Turns Away Fannie, Freddie Investor Appeals
• Ex-UBS Trader Gets Spoofing, Fraud Counts Nixed Over Venue
• Ex-Skadden Atty Pleads Guilty To Lying In Mueller Probe
• 2nd Circ. Upholds Forfeiture Order In $10M Tax Fraud Case
• $300M Emergency Loan Approved For Puerto Rico Electric Co.
• 15 Minutes With Discover Financial Services' General Counsel
• Harbor Drops $56M On Offices Via Goldman, Blue Vista JVs
• Supreme Court Rejects Investor's Claims On Tax Shelter
• A Review Of Cross-Border Investigations In 2017: Part 1
• Lessons From Rabobank's Anti-Money Laundering Failures
• HSBC Faces $1.5B In Fines From Swiss Tax Evasion Probes
• RBS Report Shows 'Systematic' Customer Mistreatment
• London Trumps NY As Citi's €290M Securities Dispute Venue
• No Rehearing After DC Circ. Backs Toss Of Chase FCA Suit
• Muni Market Shaken By Puerto Rico Special Revenues Ruling
• US Hits Back At AmEx In High Court Steering Rules Case
• FCC Halts Bitcoin Miner For Cell Network Interference
• Newswire Hacker Can't Beat $30M Securities Fraud Case
• Insurer Says Utah Bank, Finance Co. Can't Duck Award
• UBS Says CFTC Order Doesn't Goose Gold-Fix Claims
• SEC Halts Trading In 3 Penny Stocks Tied To Cryptocurrency
• Understanding Texas Mechanic's Liens And Bonds: Part 1
• Judge Iffy On Spiking Bank's $45M Fraud Suit Against Tilton
• Caterpillar's Tax Bill May Reach $2.3B After IRS Audit
• UK Litigation Roundup: Here's What You Missed In London
• A Look At US And EU Fintech Regulatory Frameworks
• Delaware May Be The Right Jurisdiction For 'Smart' Orgs
• How Emerging Sources Of ESI Will Impact Discovery
• Lawmakers Weigh Publishing RBS Report After FCA Refuses
• Global Authority Wants Faster Cross-Border Payment Systems
• Puerto Rico Electric Co. Denied Bid For Emergency Loan
• Ex-ICE Attorney Cops To Stealing Immigrant IDs
• Bank Backs Egyptian Yeast Co. With $52M Loan
• Commerce IDs Russian Entities It Says Meddled In Crimea
• 2 Long Island Mortgage Co. Execs Cop To $9M Fraud
• Pa. Auto Leasing Co. Defaulted On $10.7M Loan, Bank Says
• Mass. Regulator Charges Scottrade Over Sales Contests
• SPACs Set For Another Strong Year, Fund Manager Says
• Senator Skeptical Of $31.5M Sought For CFTC 2019 Budget
• Regulators To Review Enhanced Oversight Of Prudential
• Put The Brakes On Acceleration Bay Litigation Funder Ruling
• Miami Partner Rejoins Shutts & Bowen From Holland & Knight
• How Bank Secrecy Act Affects Lending To Foreign Borrowers
• EU Bank Seeks Pause In $1.68B Beirut Terror Victim Redress
• Illinois Judge Guilty Of $1.4M Mortgage Scheme, Jury Says
• FCA Proposes Global Fintech 'Sandbox' To Boost Innovation
• FCA's RBS Report Standoff Leads To Leadership Questions
• A Chat With Hogan Lovells HR Chief Allison Friend
• US Bank To Pay $613M For Faulty Money Laundering Program
• NY Cybersecurity Rules Will Be Enforced As They Mature
• Puerto Rico Utility Creditors Unveil $534M Loan Offer
• Gold Sellers Say CFTC Order Shows UBS Helped Fix Prices
• House Passes Changes To CFPB, SEC Disclosure Rules
• JP Morgan Beats Investor Suit Over Mutual Fund Fees
• Credit Suisse Targeted In FCPA Probe Over Asia Hiring
• Insurer Needn't Cover Foods Co. In Ex-Leader's Fraud Suit
• BNY Mellon Says Some ADR Investor Claims Are Time-Barred
• Facing Punitive Damages, BofA Settles With Fired Worker
• Play It Safe In Reporting Bitcoin On FBAR, Specialists Say
• TD Bank Dodges Repayment Bid Over NJ Atty's Check Fraud
• Attorneys Predict Wave Of #MeToo Investor Suits
• US Insurers Want Door Shut On $50M Brazilian Bank Claim
• Mayer Brown Grows With 2 New Partners In Finance Groups
• CFPB Wants Hints On How To Ease Examination Burdens
• Ex-ICE Attorney Charged With Stealing Immigrant IDs
• Manafort And Gates Deserve Day In Court, Judge Says
• Recent Trends In Structuring Risk Retention Vehicles
• The Impact Of Kokesh So Far, And What's Next: Part 2
• Considerations For Attorneys Using Artificial Intelligence
• Why Blockchain's Impact On The Retail Sector Is Growing
• EU Regulator Seeks Curbs On Risky Fund Practices
• 4 Takeaways For Lenders From Recent TCPA Decision
• AmEx Ignoring Court Findings, Justices Hear In Antitrust Row
• Capital Markets Partner Rejoins Latham In Hong Kong
• Brothers Guilty Of Airplane Loan Scam, Other Bank Schemes
• Treasury Moves To Bar Latvian Bank Due To North Korea Ties
• Deals Rumor Mill: Walgreens, Actera, Sberbank
• Calif. Jury Finds BofA Blacklisted, Defamed Ex-Worker
• 2nd Circ. Affirms Ex-Brokers' IBM Insider Trading Verdict
• Real Estate Rumors: Blackstone, Prudential, GreenOak
• 4 Firms Guide $3.8B WMIH-Nationstar Merger
• Congress Must Tackle Threat Bank Regs Pose To 5G Build-Out
• Proskauer Says No Evidence Ex-Partner Aided Stanford Scam
• NJ Court Reinstates Suit Over Bank's Anti-Harassment Duties
• Mulvaney Tells Sens. He Had Say In Axing Payday Lender Suit
• CFIUS Scrutiny Of Foreign Acquisitions Intensifies
• The Impact Of Kokesh So Far, And What's Next: Part 1
• Labor Dept. Helps Retirement Plans Recover Nearly $16M
• Ex-Nomura Trader Can't Ditch SEC Fraud Suit, Judge Rules
• Cadwalader Row Looks Trial-Bound: Redskins Owner's Atty
• Feds, Ex-UBS Trader Spar Over Fraud, Spoofing Counts
• Former SEC Enforcer Joins Covington's DC Office
• Abu Dhabi's Financial Watchdog Weighs Crypto Regulations
• Trump Budget Seeks CFTC User Fees To Raise $32M
• Mulvaney Says CFPB Will Act With 'Humility And Moderation'
• Scotiabank Expands Investment Biz With $950M Deal
• BofA Is 'Barrel-Chested Bully,' Jury Told As $2M Trial Ends
• Debt Co.'s Wording In Notices Could Mislead, 3rd Circ. Says
• SEC Seeks Budget Hike To Boost Cybersecurity, Add Staff
• Madoff Trustee Reaches $76M Settlement With Feeder Fund
• Deutsche Bank To Repay Overcharged MBS Customers $3.7M
• Judging A Book: Duncan Reviews 'Justice And Empathy'
• Trump Budget Eyes Putting CFPB At Congress' Mercy
• Lenders Pledge $100B As Broadcom Tries To Woo Qualcomm
• YapStone Snags $71M In Series C Funding
• Gibraltar Aims To Become First To Legislate On ICOs
• SEC, CFTC Whistleblowers Dodge A Devastating Tax Bullet
• 15 Minutes With The General Counsel Of PNC Bank
• A Fresh Look At CFPB's Enforcement Process
• Emerging Trends In FCA Enforcement: 2018 Outlook
• Barclays Hit By Fresh Charges In Qatar Capital-Raising Case
• 2 Mitsubishi Banks To Settle Libor Rigging Suit For $30M
• Ex-McDonald's Manager In SEC Impersonation Trial Gets Bail
• Ex-BofA Worker Overstating Claim, Bank Expert Tells Jury
• MBS Trustees Under Scrutiny At Close Of Lehman Ch. 11 Trial
• Hong Kong Takes Regulatory Action On Cryptocurrencies
• Cryptocurrency Outlet Hit With Another Investor Fraud Suit
• Enviro Analysis Says Congress Threatens Access To Courts
• DC Circ. Exempts CLO Managers From Risk Retention Rules
• Movements Without Motion In Russian Sanctions Policy
• Deals Rumor Mill: Remington, Ant Financial, Cirsa Gaming
• When Blockchain Meets Article 9 And Bankruptcy
• AmEx Unit To Buy Travel Co. After It Sells Fintech Arm To Visa
• UBS Escapes $2.9B Madoff Feeder Fraud Suit In 2nd Circ.
• 2nd Circ. Overturns $100M Arab Bank Terror Verdict
• UK Litigation Roundup: Here's What You Missed In London
• Class Cert. Granted In BofA, Countrywide Appraisal Suit
• Background Check Co. Settles Claims Over Faulty Report
• Ex-Worker Sues Credit Suisse Over $300M In Unpaid Wages
• Lehman Puts Finishing Touch On MBS Claims Estimation Trial
• Tribe Wants Bank's $1M Fees Nixed After Embezzlement Row
• PE Firm Bids $820M To Ramp Up Stake In Swedish Bank
• The Art Of The Litigation Funding Deal
• Credit Suisse Fined $5M By Hong Kong Securities Regulator
• On 4th Try, Mortgage Debt Collection Class Survives
• Senate Panel Approves Trump's FDIC Chair Pick, 2 Others
• Consumer Attys Fear Mulvaney's CFPB Could Leave Void
• Gates Attys Cite 'Irreconcilable Differences' In Withdrawal
• CFPB Info Request Could Mean Shift In Enforcement Policies
• Lawsuit Over $42M In Loans Could Kill $889M Greek Deal
• Deals Rumor Mill: Wyndham, Goldman Sachs, Ping An
• Ill. Bank Shareholder Sues Over Merger Disclosures
• Ex-State Street Exec Faces New Charge Of Bilking Insurer
• NY Stresses Anti-Fraud Obligations For Cryptocurrency Cos.
• Schiff Hardin Adds Financial Markets Partner To SF Team
• Bahraini Bank, Investment Co. Can't Dodge Ch. 11 Suits
• SEC Inspectors To Focus On Cryptocurrency, ICOs In 2018
• ITS Money Transfer Patents Not Abstract, Fed. Circ. Told
• Smart Contracts Need Smart Corporate Lawyers
• Vice Chancellor OKs Fees In Investor Row, Blasts Bank Attys
• Judge Won't Nix $50M Deutsche Win, Citing 'Gamesmanship'
• Bankrupt Payday Lender Can't Move CFPB Suit To Texas
• Rabobank To Pay $368M In US Money Laundering Case
• DC Circ. CFPB Decision Is A Big Win For Industry
• AmEx Cards Bound By Swipe Fee Regs, Top EU Court Rules
• UK-Based Banks Given June 30 Deadline To Seek EU License
• BofA Didn't Contact Ex-Worker Over Fraud Probe, Jury Hears
• Cooley Fintech Leader Leaves To Join Bitcoin Wallet Startup
• CFPB's Suit Should Be Tossed, Debt Settlement Co. Says
• Citigroup Gets 'Boys' Club' Bias Suit Sent To Arbitration
• FCC Robocall Stance Stops 'Important Messages,' Banks Say
• How To Fix Your Broken Client Teams
• ID Screener Spurned By Navy Gets Ch. 11 Plan Confirmed
• Regulating Cryptocurrencies Proving Tough, Watchdogs Say
• Class Gets Quick Win Against Midland Credit In FDCPA Suit
• Ill. Judge Lied Repeatedly In $1.4M Scheme, Gov't Says
• Mnuchin Says Pot Banking Guidance Intact Until Replacement
• 10 Highlights From FINRA's 2018 Priorities Letter
• Puerto Rico Oversight Board Defends $1.3B PREPA Loan Bid
• Walter Investment To See Lower Cash Projections, CEO's Exit
• Ex-UBS Trader Wants Feds' Fraud, Spoofing Counts Tossed
• Fed's Wells Fargo Punishment Puts Pressure On Powell
• RMBS Investors Lose Class Cert. Bid In Suit Against HSBC
• BofA Fraud Report An 'Ambush,' Ex-Worker Tells Jury
• IberiaBank Sues For Coverage Of $11.7M FCA Deal
• Wells Fargo Denied New Trial In $1.25B Tax 'Sham' Case
• DOD Forming Cryptocurrency Guide For Background Checks
• Hacking Suspect Lauri Love Wins Appeal Of US Extradition
• Interpreting Treasury's Report On Russian Oligarchs
• Feds Say Hedge Funder Lied About Credentials, Criminal Past
• Morgan Stanley, Others Must Face ISDAfix Rate-Rigging Suit
• Online Marketing Firm Wants 'Wiretap' Claims Tossed
• Polsinelli Pair Can't Change Venues For $10M Loan Suit
• Iran UN Consultant Gets 3 Months For Tax, Sanctions Crimes
• Fed Lowers The Boom On Wells Fargo As Yellen Exits
• BofA 'Murdered' Ex-Client Manager's Career, Jury Told
• New Online Portal To Streamline Mass. Data Breach Reporting
• Morgan Stanley Wants FCA Claims Cut From Calif.'s Suit
• Ex-Venable Atty Gets 7 Years For Laundering $2M
• 2 Plead Guilty In $50M Federal Reserve Investment Scheme
• Madoff Investors Can't Get All SDNY Judges Off Their Case
• WaMu Ordered To Pay $5M Tax Counsel Fee For Ch. 11 Work
• Fed Says 2018 Stress Tests Will Include Steeper Recession
• Georgia Man Gets 5 Years For $20M Investment Scheme
• Jailed Spoofer Coscia Asks High Court To Review Conviction
• Ill. Judge's Fraud Trial A Rare Moment For The Bench
• Prevezon Must Pay Out $6M Settlement Despite Asset Freeze
• Securities Pro Joins Foley & Lardner Auditor Liability Group
• Credit Union's Challenge To Trump's CFPB Pick Tossed
• NY Blasts Bank Of Tokyo's Bid To Escape AML Enforcement
• When To Consider Modifying TILA Rescission Procedures
• How To Serve Your Blind Client Effectively
• CFPB's Payday Loan Protections Protect Big Business Too
• DOJ Limitation On Agency Guidance Levels Playing Field
• UK Litigation Roundup: Here's What You Missed In London
• SRB Dropped Bail-In For Banco Popular Amid Cash Crisis
• Deutsche Bank To Pay CFTC $70M Over ISDAfix Manipulation
• UBS Loses Bid For $20M Coverage Of Debt Bond Suits
• Racial Bias Persists At Morgan Stanley, Fired Exec Claims
• Gates' Attys Quit Conspiracy Case After Reported Sidley Hire
• Judge Trims Suit Claiming Lenders 'Rented' Banks & Tribes
• CFPB May Be Moving Away From Using In-House Courts
• Santander Unit Wants Rethink On Bid To Toss Investor Suit
• Mulvaney Cuts CFPB Fair Lending Office's Enforcement Power
• Gov't Sues For FBAR Penalties Over UK Bank Accounts
• Real Estate Rumors: Cai Kui, BNY Mellon, Blackstone
• Securities Trade Groups Brace For Benchmark Transition
• The PHH Decision And Its Consequences For The CFPB
• Simpson Thacher Hires JPMorgan Vice Chairman, Ex-GC
• Evolving Due Process In The Digital Age
• Mortgage Pricing Scrutiny Poses New Challenges For Lenders
• Under New Tax Law, Time Is Running Out For Ponzi Victims
• UK Banks Face New Scrutiny As SME Lending Probe Deepens
• New Blockchain Body Will Help Guide Regulators, EU Says