Banking Archive » September, 2018

Banking - September, 2018

297 articles

• Supreme Court Cheat Sheet: 8 Cases To Watch
• Wachtell Prevails In CVR's Takeover Malpractice Suit
• Foul With Routine Witness Trips Up Deutsche Libor Trial
• SEC Settles With LendingClub Unit, 2 Ex-Execs For $4.2M
• Existence Of Cybersecurity Policies Not Enough For SEC
• Fannie, Freddie, Feds Can't Slip 3 'Net Worth Sweep' Suits
• UK Litigation Roundup: Here's What You Missed In London
• EB-5 Investors Press Fraud Claims Over Bankrupt Fla. Hotel
• Ex-Ocwen Exec Settles SEC Insider Trading Claims
• Madden Fix And True Lender Clarity Needed, Lawmakers Hear
• NJ Atty Cops To Role In Short-Sale Mortgage Fraud
• Credit Suisse To Pay $10M Over Misleading Market Making
• AmEx Privacy Chief Talks Protecting Data In Age Of GDPR
• AnaCap Financial Drops €225M On Italian Loan Portfolios
• Gamblers Get No Privacy On Phones In Casino, Atty Says
• Dismissing FCA Cases: The Granston Memo In Action
• SEC, CFTC Sue Bitcoin-Funded Securities Dealer And CEO
• Morgan Stanley, Others Can't Ditch Stock-Loan Antitrust Suit
• JPMorgan Chase Says Foreclosure Class Suit Lacks Standing
• Justices Take Home Depot Appeal Over Class Action Removal
• Another Ex-Deutsche Trader Tells Jury Of Libor-Rigging
• Greenberg Traurig Adds Shareholder To Corporate Practice
• Ex-Lehman Workers Lose Appeal Over $260M In Deferred Pay
• Credit Suisse Wants Ala. Inverse VIX Price-Drop Suit Tossed
• Mass. Justices Revive Claims KPMG Missed Signs Of Fraud
• Crypto Giant Bitmain Files Hong Kong IPO Led By Davis Polk
• AmEx Declined: Bid To Toss Card-Steering Suit Turned Down
• SEC Case Brings Rarely Used Cyber Rules Into Limelight
• Citi Customers Denied Class Cert. In TCPA Suit
• How Corporate Reputation Risk Is Exacerbating D&O Liability
• Church Org Can't Join CFPB Payday Rule Suit, Groups Say
• Virtual Money Is Commodity Fit For CFTC Regs, Judge Says
• US Bank Says Customer's Fees Suit Must Go To Arbitration
• Brokerage Firms Fined $1.15M For Fake Forex Trades
• Banks Escape $80M Suit Over Brazilian Oil Co. Investments
• NY Ruling Undercuts SEC Disgorgement Coverage
• Deals Rumor Mill: Papa John's, Western Union, Godiva
• Brazilian Education Tech Co. Leads 4 IPOs Totaling $477M
• Caterpillar Beats Investor Suit Triggered By Tax Raid
• Principal Global Fights Nod To M&T Bank Ruling In ERISA Suit
• ABA Urges Dept. Of Ed. Redo Of Loan Forgiveness Denials
• Contractor's Ex-Attys Dodge Sanctions In $77M Forfeiture Suit
• The Principles Guiding FINRA Enforcement
• US' Secondary China Sanctions Signal New Risks For Cos.
• 5 More GC Tips For Succeeding As A New Associate
• 11th Circ. Won't Revive Force-Placed-Insurance Coverage Row
• Ex-Bankrate CFO Gets 10 Years In Prison For $25M Fraud
• Afghanistan Mine Owner Found Guilty Of Ripping Off Gov't
• Pacific Drilling Sees Ch. 11 Plan Funding Deal Go Forward
• Alsup Grants $16M LendingClub Fee Bid Despite Misgivings
• BofA Customers Defend Suit Over Account Fee Practices
• Wells Fargo Escapes Navajo Nation's Suit Over Fake Accounts
• Memo In State St. Case Ties Labaton Proxy To Ark. Politician
• Accused Metals Trader Pleads Not Guilty To 'Spoofing' Market
• SocGen Unit To Pay SEC $800K Over Foreign Share Handling
• Manafort Plea Reminds Us Of Whitewater
• 2 New Cases Showcase CFTC Spoofing Theories
• Many Crypto Exchanges May Now Need Colorado Licenses
• 3rd Circ. Deepens Uncertainty Over FINRA Arbitration
• Judging A Book: Block Reviews 'Tough Cases'
• Citibank Settles Case Over Macy's Card Bankruptcies For $5M
• Denmark Doubles Capital Buffers Amid Danske Bank Risk
• EU Sets Up Payments Facility To Finance Trade With Iran
• Ex-Deutsche Trader Dishes On Bank's Libor Self-Dealing
• Banks' Guilty Pleas Fair Game In Forex Traders' October Trial
• Trusts Can't Revive $101.8M Arbitration Claim At 11th Circ.
• Group Eyes Quick Win In DC Student Loan Servicer Regs Suit
• Cryptocurrency Creators Say 'Nano' Coin Is Not A Security
• PR Firm Ex-CFO Admits Skimming But Disputes By How Much
• 3rd Circ. Revives FDCPA Suit Over IRS Reporting Language
• Ex-Barclays CEOs Escape Claims In Dark Pool Case
• Seyfarth Escapes Illegal Tax Shelter RICO Suit
• Election Interference Sanctions Expand Compliance Risks
• 8 Innovative Ways To Empower Jurors
• Deutsche Bank Ordered To Accept Outside AML Controller
• Financial Secrecy In US, EU More Harmful Than Havens: Report
• Online Fundraisers Fraught With Criminal, Civil Risks
• UK Litigation Roundup: Here's What You Missed In London
• QBE Gets 2nd Chance At Force-Placed-Insurance Coverage
• 15 Firms To Lead IPOs Exceeding $1.1B Amid Peak Season
• Ex-Cocoa Trading Co. Exec Gets 3 Months For $352M Fraud
• Schwab, Ameritrade Say Goldman Can't Ditch IPO Deal
• Agrokor Gets Croatian Restructuring Recognized In US Court
• Deals Rumor Mill: Lone Star, Deutsche-Commerzbank, Magneti
• Ex-Brokers Say 'Punitive' Morgan Stanley Suit Lacks Evidence
• Chancery Agrees To Master For $15B Student Loan Trust
• Chancery Judge Says Goldman Settlement Makes No Sense
• Schwab Dodges Fiduciary Claims In Benefits Suit
• Banks Fight Equifax's Bid To Ax Data Breach Claims
• Cloud Computing Clearly The Future For Small Firms
• Benefits Of New Federal Savings Association Designation
• Ex-Deutsche Bank Euribor Trader Held In Italy, SFO Says
• NY AG Sues Student Debt Relief Cos. For Predatory Practices
• PayPal Investors Face Skeptical Judge In Hack Class Action
• Kokesh Defeats JPMorgan's $286M Coverage Award: NY Court
• Former SEC, FINRA Official Returns To King & Spalding
• Labaton Sucharow Adds 'Ultimate SEC Insider'
• Bank Of Montreal's US Loan Scheme Legal: Canada Tax Court
• Tribal Lender Wants Va. Loan Claims Sent To Arbitration
• Goodwin-Led Eventbrite's Shares Soar After $230M IPO
• 401(k) Savers Fight Dismissal Bid In Principal Global Suit
• Leveraging Today's Lateral Associate Market
• UK Competition Authority Probing PayPal's $2B iZettle Deal
• Morgan Stanley Says Ex-Brokers Tried To Woo Clients To Stifel
• What I Learned As Lehman's Bankruptcy Lawyer
• A Closer Look At Proposed Regs For Nonbank Loan Servicers
• Pension Fund Fights Ocwen Bid To Tank ERISA Mortgage Row
• DC Circ. Orders Redo For 'Big Short' Adviser's SEC Hearing
• Newegg Wants Out Of Korean Bank Fraud Case
• Coinbase Hires Ex-O'Melveny Partner As Chief Legal Officer
• Millbank Tweed Project Finance Atty Joins Greenberg Traurig
• Award Caps Would Weaken Whistleblower Program, SEC Told
• Liquidators Seek Ch. 15 To Track Cayman Firm's Cash
• Mortgage Lenders Seek Appeal Over Venue In Lehman Fight
• HP Gets Statements Tied To Fraud Claims Booted Mid-Trial
• Feds Say $364M Consumer Debt Scam Duped Attys, Bankers
• CFTC Fines Bank Of America $30M Over ISDAfix Rigging
• Mizuho Gets Bitcoin Buyer's Mt. Gox Collapse Suit Tossed
• Back To School: Stanford's Jeff Fisher Talks Supreme Court
• Ex-Goldman Worker Cops To Insider Trading With NFL Player
• The Diminishing Role Of Agency Guidance
• Where Have The SEC Enforcement Actions Gone?
• Labaton, ERISA Attys Reach Tentative Deal In $75M Fee Fight
• KPMG Admits Mishandling BNY Mellon Reports, Watchdog Says
• Danske Chief Resigns After Bank Reveals AML Failure
• Looking Back On Lehman's Decade In Bankruptcy
• CFTC Says Broker To Pay $50M Over ISDAfix-Rigging Claim
• White Collar Atty Rejoins Alston & Bird In DC After DOJ Stint
• Creditors Can't Put Stop To Puerto Rico GDB Restructuring
• Ex-Deutsche Traders Rip Libor Fraud Claims As Trial Begins
• Bar BuzzFeed From Public Figure Defense, Russian Exec Says
• UBS Investors Denied Cert. In Mutual Funds Dispute
• Credit Report Schemers Won't Win $5.2M Ruling Appeal: FTC
• Six Cos. Launch IPOs Totaling $465M Led By Biotech Firms
• Banc Of Calif. Investor Suit Mired In Director Deposition Row
• Visa, Mastercard, Banks Ink New Deal In Swipe Fee Row
• Banks Want Out Of Mexican Bond Price-Fixing Case
• Florida Courts Are Prepared For A New Wave Of Foreclosures
• Former US Secretaries Back IFC Immunity In High Court Case
• NatWest Markets Fined $750K Over Swap Reporting Failure
• Rakoff Hits Cocoa Trader With 2.5 Years For $350M Fraud
• Consumers Seek Cert. In Tribe-Linked High Rate Loan Suit
• Ex-Equifax Exec Should Face Insider Trading Charges: Judge
• New Commissioner Could Help Clayton's SEC Agenda
• Education Dept. Ruled Irrational In Nixing Debt Collection Deal
• How Lehman's Bankruptcy Put SIPC In The Spotlight
• Trader In Beaufort-Linked Manipulation Case Cops To Fraud
• Deals Rumor Mill: Uber, Bayer, QIA
• Trade Groups Seek Injunction On CFPB Payday Lending Rule
• 15 Minutes With Robinhood Markets' General Counsel
• Calif.'s New Rules For Lawyers Move Closer To ABA Model
• Split 9th Circ. Keeps Toss Of Northstar's Schwab Fund Suit
• Consumer Can Get Fees For Winning Debt Collection Suit
• NY Fed Faker Gets 2 Years For $50M Investor Fraud
• 14 Firms To Steer 8 IPOs Topping $3B As Busy Autumn Nears
• Small Businesses Defend Claims In Equifax Data Breach MDL
• NY Bank Regulator Sues OCC Again Over Fintech Charter
• Irish Bank Reps Say Ch. 15 Suit Has No American Nexus
• UK Litigation Roundup: Here's What You Missed In London
• Citi Pays $12M To Settle SEC's Claims Of Dark Pool Misdeeds
• Manafort Plea Sharpens View Of Skadden's Ukraine Work
• Trustee Of Modi's Jewelry Cos. Starting Ch. 11 Claims Probe
• Sports Businessmen Must Honor $26M Debt Guarantee: Judge
• BNY Mellon Trust Beneficiaries Win Class Cert. In Fees Suit
• Epsilon Settles Alleged Iran Sanctions Violations For $1.5M
• Biopharma Co. Principia Leads 3 IPOs Totaling $225.3M
• Colo. Auto Brokerage Violated EFTA, Consumers Say
• Lehman Judge Looks Back On Historic Case 10 Years Later
• Congressional Forecast: September
• Know The Limits To Atty Public Statements During A Trial
• NY Revives Fair Lending Risks For Indirect Auto Lenders
• Winner's Playbook: Behind The Scenes Of The AmEx Case
• Manafort Pleads Guilty And Will Cooperate With Mueller
• ECB Irons Out Process To Authorize Fintech Firms In The EU
• Puerto Rico Creditors Blast GDB Deal As It Clears Hurdle
• Men Get Prison, House Arrest In $3.5M Home Equity Loan Plot
• IRS Ruling On MBS Restructuring Should Encourage Investors
• Nigeria's Assets Safe In Bank In $276M Dispute, Court Told
• FTC, LendingClub Should Settle False Ad Row, Judge Says
• 2nd Circ. Says No Harm, No Case In HSBC Late-Payment Row
• SEC Seen As Broadening Crypto Reach With Latest Actions
• NY Panel Axes MBIA Fraud Claim In Suit Against Credit Suisse
• Hurricane Florence: How State Laws Protect Service Members
• CFPB's 1st Suit Under Mulvaney Targets Pension Advance Co.
• In Calif., Questions Remain On Law Firm Conflict Waivers
• Attys May Face Sanctions After 'Egregious' Omission
• A Chat With Faegre Client Development Chief Melanie Green
• Allen & Overy Guides Blackstone's $1.2B Baltic Bank Buy
• Ecuador Bank Cleared To Collect Fraud Judgment In Fla.
• NY Developer Faces Collection Action After 'Lavish' Pics
• NY Judge Nixes Rest Of Legal Funder Suit After Booting CFPB
• Pension Fund Pans Banks' Bid To Escape Rate-Rigging Row
• McCabe Weisberg Exits Foreclosure Services FCA Case
• Ed Dept. Stay Of Student Loan Rules Vacated As Arbitrary
• Law Schools Struggle To Find Themselves In Post-Recession Market
• Wells Fargo Dodges Counterclaims In $16M Margin Call Row
• Natixis Deals Finance Units To Parent Co. In $3.1B Exchange
• Ex-Trenk DiPasquale Client Aims To Sink Unpaid Fees Ruling
• Social Media-Reliant ICOs, Crypto: SEC Has Its Eye On You
• NY Dealers Owe Nissan Finance Arm $40M For Loan Defaults
• Akerman Adds CFPB, JPMorgan Consumer Finance Attys
• Ex-Deutsche Traders Fire Back At Gov't Bid To Nix Experts
• A Decade After Financial Crisis, Misconceptions Remain
• EU Plan Would Give EBA Bigger Anti-Money Laundering Role
• 'Brisbane's Bernie Madoff' Wants Redo In $89M Fraud Case
• How A 'Lost Generation' Of Associates Bounced Back
• Hogan Lovells Helps Bank Recover On Hotel Loan After Irma
• Feds Nab First-Ever FATCA Conviction With Bank Exec's Plea
• CFPB Urges 5th Circ. To Reject Constitutional Challenge
• DC Seeks To Nix Suit Over Its Student Loan Servicer Regs
• M&T Bank Must Face Trimmed ERISA Suit, NY Court Rules
• Real Estate Rumors: Blackstone, Ronald Haft, BMO Harris
• Nine West Offers To End Takeover Suit For $470M, Court Told
• Deals Rumor Mill: GIC, Deutsche-Commerzbank, Yum China
• BOE Chief Carney To Stay To 2020 As UK Faces Brexit Crunch
• Wells Fargo LLC Seeks Control Of Hotel After $13.5M Default
• Smaller Isn't Better For CFPB Advisory Board, Advocates Say
• Debt Collector Hit With Class Action For 'Deceptive' Notices
• Can BigLaw Avoid Another Associate Purge?
• 4 Firms Steer $1.9B Network Rail, Blackstone Property Deal
• Jeweler's Creditor Panel Slams Del. Ch. 11 Examiner Motion
• Mastermind Behind $18M Telemarketing Fraud Gets 11 Years
• Forex Group Backs Ex-HSBC Exec, Says $3.5B Deal Was Fair
• Hogan Lovells Nabs Ex-GE Capital Lead Counsel As Partner
• PE Firm Wants $6M Costs Award Over Bank Share Sale OK'd
• Texas Oil Co., Okla. Bank Launch IPOs Of $170M
• SEC Settles With Ex-Nomura RMBS Trading Head
• NY Approves USD-Linked 'Stablecoin' For Digital Exchange
• GM Can't Appeal Valuations In Liquidation Row With Creditors
• Time To Prepare For New Municipal Securities Disclosures
• Understanding The Unwinding Of DOL's Fiduciary Rule
• Measuring The Recession's Toll On The Legal Industry
• Has BigLaw Recovered From The Financial Crisis?
• Experts See Costs Of 'Tick-Size' Pilot Outweighing Benefits
• UK Litigation Roundup: Here's What You Missed In London
• 9th Circ. Reverses Arbitration Order Against Emirati Bank
• Ex-BioCube CEO Gets 3 Years In Prison For Stock Fraud
• CFPB Moves Toward Revising 'Disclosure Sandbox' Policy
• 5th Circ. Rejects CFPB Bid For Docs From Public Records Co.
• Brazilian Bank Can't Revive $50M Claim Against Insurers
• Taxation With Representation: Seward, Akin Gump, Vinson
• Restore Class In Auto Loan Interest Suit, 7th Circ. Urged
• Foreign Investors Sue Bank Over Jay Peak Ponzi Scheme
• 2nd Circ. Won't Revive Morgan Stanley ERISA Row
• Russian Man Nabbed In Hack Of 83M JPMorgan Customers
• Army Vet Is 6th Of 7 BofA Insider Defendants To Plead Guilty
• Real Estate Rumors: Deutsche Bank, Citi, Allergan
• Deals Rumor Mill: Corpfin Capital, HNA Group, Delta
• The Courts' Take On Obama-Era Regs: You Are Erased
• A Step Toward Modernizing The Community Reinvestment Act
• There's No Such Thing As A Free Token
• Deutsche Defends RMBS Accrual Clause In Quicken Suit
• Fed. Circ. Backs Mastercard PTAB Win On Payment Patent
• No 'Bank' In Mexico-Tied Bank Fraud, 5th Circ. Hears
• Deutsche Clients Lose Class Cert. Bid In 'Last Look' Suit
• Lowe's Denied Bad Debt Tax Refund By Wash. Appeals Court
• Del. Court Approves $4.3M WaMu-Grant Thornton Settlement
• Online Lender Again Claims Tribal Immunity In Latest Suit
• Davis Polk, Wachtell Steer $1.5B SS&C, Intralinks Tie-Up
• Lenders Say Ex-Ill. Atty Pocketed Client Settlement Cash
• High Court Could Settle Preemption Questions For Banks
• UK Proposes Rules To Remain In EU Payments Area
• 14 AGs Urge CFPB Not To Back Off Disparate Impact Liability
• Experian And Equifax Flouting FCRA, Debtors Tell 9th Circ.
• Russia Probe Kept Out Of Manafort's Second Trial
• FDIC Again Asks For Interest From PwC In Colonial Bank Case
• Michigan Man Admits Defrauding $1.4M From Investors
• CFTC Offers Alternative To Its International 'Overreach'
• Feds Ask 2nd Circ. To Revive Ex-Nomura Trader's Conviction
• MasterCard Patent Fight Hinges On Multiple Uses, Court Told
• Ex-Prosecutor, GE Atty Joins Ropes & Gray's Anti-Graft Team
• Deals Rumor Mill: Tribune, JM Holding, Societe Generale
• 3 Dewey Execs Settle With SEC Over Law Firm's Collapse
• Senate Confirms Ex-Milbank Atty As SEC Commissioner
• Receiver Gives Notice Of SEC Suit Against 1 Global Capital
• 'Toss-Up' If Ex-Goldman Banker Will Cop To Insider Trading
• Real Estate Rumors: ICBC, Fifteen Group, Florida Penthouse
• 6th Circ. Upholds JPMorgan Chase's Win In Age Bias Suit
• 2nd Circ. Declines Class Cert. Review In $50B Libor Fight
• Class Cert. Denied In $173M IPO Suit Amid Settlement Talks
• 2nd Circ. Denies Goldman Appeal Of Sex Bias Cert. Decision
• Regulation Best Interest: The SEC Can't Please Everybody
• Momentive, Bondholders Spar Over Interest Rate At Trial's End
• BofA Overdraft Fee Deal Gets Judge's Final Approval
• Forex Traders Seek Details On DOJ Talks With Foreign Gov'ts
• 2 Investors Drop Claims In Volatility Index MDL In Ill.
• MoFo Hires Virginia Lt. Gov. And Former Prosecutor
• Convicted Ill. Judge Loses Bid For Acquittal, New Trial
• $480M Wells Fargo Securities Deal Gets 1st OK, Class Cert.
• Back To School: Widener's Rod Smolla Talks Free Speech
• Cos. Caught Between Iran Sanctions And EU Blocking Statute
• 2nd Circ. No Lock To Review Class Cert. In $50B Libor Fight
• Comment Period Extended For Volcker Rule Changes
• JPMorgan Strikes $24M Deal To End Advisers' Race Bias Suit
• The Potential Reach Of High Court's AmEx Antitrust Analysis
• SocGen Sets Aside €1.1B To Cover US Sanctions Fines
• ING Bank Fined €775M In Dutch Money Laundering Probe