Banking Archive » October, 2018

Banking - October, 2018

332 articles

• Del. Judge Nixes Irish Bank Creditor's U.S. Ch. 15 Suit
• MoFo IPO Malpractice Suit Properly Axed, NY Court Rules
• In Immunity Case, Justices Ask What Meaning Of Word 'Is' Is
• Fed Proposes Relaxing Rules For Some Large US Banks
• Pacific Drilling Gets Court Approval Of Ch. 11 Plan
• Bank Says Financial Adviser Shares Blame In ERISA Fight
• 5th Circ. Reverses Conviction In Mexico-Tied 'Bank' Fraud
• 7th Circ. Is Asked To Free Financing Co. From Business Ties
• Labaton Threatens Fight If State St. Fee Deal Is Rejected
• New BSA Order Brings Welcome Flexibility For Banks
• Wachtell Calls For Final Curtain On CVR Malpractice Case
• CFPB Payday Rule Plans On The Way, But Uncertainty Lingers
• Deals Rumor Mill: Apollo Global, UBS, Papa John's
• NJ Bank Founder, Associate Indicted In Bogus Loan Scheme
• Probe Shows Bankrupt Centrix Chief Hid Wealth, Trustee Says
• Ex-Modi Executive Subpoena Dispute Inches Forward
• 7th Circ. Voids 12-Year Sentence For Mortgage Fraudster
• AGs Join Call For CFPB To Keep Probing Military Lenders
• What FINRA Stats Tell Us About Elder Abuse Claims
• Fla. Gov. Taps Carlton Fields Partner As County Court Judge
• Bitcoin Funder Sanctioned For Deleting Emails In Fraud Case
• Protecting Law Firm Talent At Both Ends
• CFPB Enforcement Actions: Less Volume, Same Substance
• Ex-SDNY Securities Fraud Boss Joins Morvillo Abramowitz
• Lehman Gets OK To Amend Claims Against Mortgage Sellers
• Ex-CEO, Others Indicted In 'Massive Fraud' On Bank, FDIC
• Harris Jewelry Preys Upon Military Members, Says NY AG
• Belgian Investment Firm Buys Crypto Exchange Bitstamp
• Online Lenders Urge 9th Circ. To Limit CashCall Ruling
• Indian Bank Says Ex-Gem Co. Exec Can't Plead 5th Over Docs
• TD Ameritrade Unit Fights Cert. In Options Liquidation Suit
• Mnuchin Seeks D&O Coverage Of Relativity Legal Bills
• Retailers Oppose AmEx Effort To Toss Card-Steering Suit
• Bank Of America Wants Out Of Ponzi Scheme Class Action
• Ill. Judge Behind Mortgage Fraud Deserves 2 Years, Feds Say
• Ex-Banker Gets 10 Years In Venezuelan Money Laundering
• Wendy Olson Talks Twin Falls, Tribes, Private Practice
• Prospects For Tax Policy In A Divided Post-Election Congress
• Former SEC Deputy Director Returns To Steptoe & Johnson
• Navajo Nation Appeals Wells Fargo Fake Accounts Row
• 2nd Circ. Again Sides With E-Trade In Trade Venue Fraud Suit
• Payment Processing Co.'s Suit Over Rival's Merger Tossed
• 12 Firms To Guide Six IPOs Raising $468M Amid Dicey Market
• Equifax Warns Agencies' Data Breach Probes May Bring Fines
• Investors, UBS Agree To Arbitrate Mutual Fund Risk Suit
• Mortgage Services Co. Takes CFPB Fight To 9th Circ.
• Banco Popular Investors To Appeal Order Denying Docs
• Hausfeld, Susman Win $63M In Attys' Fees In Libor MDL
• UK Litigation Roundup: Here's What You Missed In London
• BofA To Settle Out Of Investor Suit Over $665M RMBS Notes
• Federated Law Group Sued Over Collection Letters Language
• Investors Need More Info To Name VIX Manipulators In MDL
• Retailers, Lenders Push FCC To Narrow Autodialer Definition
• Judging A Book: Brown Reviews 'Dangerous Leaders'
• Jersey Files Economic Substance Bill To Avoid EU Blacklist
• Prosecutors Avoid 5th Amendment Showdown In Libor Case
• What Canada's Pot Legalization Means For US Financial Cos.
• 'Cartel' Traders Cleared Of Forex-Rigging
• SFO Loses Bid To Revive Qatar Charges Against Barclays
• Judge Trims Chipotle Breach Row, Slams 'Sloppy Lawyering'
• 'Cartel' Traders Deny Forex Collusion As Case Heads To Jury
• EU Court Rejects Bid To Stop Publication Of Euribor Decision
• ERISA Suit Against BB&T Heads To Settlement On Trial's Eve
• Feds Say Singapore Businessman Evaded N. Korea Sanctions
• State Bank Supervisors Sue To Block OCC Fintech Charters
• Citigroup Denied Quick Wins On Billion-Dollar Tax Deductions
• Davis Polk-Led Brazilian Fintech Startup Nabs $1.2B In IPO
• Deutsche Bank, HSBC Seal $340M Deal To Exit Libor MDL
• 1st Circ. Revives Honda Faulty Loan Notice Case
• Unpacking New Guidance On Tax-Free Monetized Spinoffs
• Italy Moves Toward Crypto Tax Certainty
• A Closer Look At SEC's Whistleblower Proposals
• Breaking The Rules: 3 Ways To 'Lead' A Direct Examination
• Va. Class Action Over Online Loans Won't Fly, Court Told
• Agrokor Sees Creditor Settlement Recognized In US Court
• Lender Looks To Foreclose On NYC Condo Over $41M Loan
• Ex-Gem Co. Exec Fights Subpoena In Owner's $2B Fraud Row
• Wells Fargo Says 2 Execs On Leave Over Regulatory Reviews
• State St. Row Shows Flip Side Of ABA's Special Masters Push
• CFPB Reaches $232K Settlement With Tenn. Payday Lender
• TCF National Investors Try To Save Bank Fraud Suit
• Bank Misinterpreted Overdraft Fee Rules, 1st Circ. Told
• Norton Rose Nabs Steptoe & Johnson White Collar Pro
• SFO Bids To Revive Barclays Qatar Loan Charges
• Time For Regulators To Embrace Earned Wage Access
• Ex-Deutsche Trader Charged Over Euribor Scandal Gets Bail
• FDIC Chief Wants To Put The 'Bank' Back In Banking
• Futures Group Says Peregrine Investors' Losses Not Its Fault
• UK Top Court Dashes US Hopes To Extradite Ex-HSBC Trader
• Ex-Citi Trader Rips Colleague's Forex Collusion Trial
• Oro Negro Stops Rig Seizure By Bondholders After Standoff
• NY Credit Card Law Requires Full Price, 2nd Circ. Advised
• Puerto Rican Board Fights Creditors' Collateral Bid At 1st Circ.
• Capital One Pays $100M Over Anti-Money Laundering Failures
• Class Arbitration Questions Are For Courts, 7th Circ. Says
• HBUS Nabs First Female African-American GC In Crypto
• Mayer Brown Lands Mortgage Banking, Financial Services Pro
• EBA To Focus On Basel III, Fintech, Brexit In 2019
• Fairness Concerns Doom Deal In Goldman Director Pay Suit
• A Look At Anti-Money Laundering Regulatory Trends
• Deciding Class Action Removal Rights At High Court
• Coder Gets Time Served In Goldman Data Theft, Will Appeal
• UK Proposes Tweaks To Derivatives Market Laws For Brexit
• Puerto Rico Lawmakers Seek Fed Power Limits At 1st Circ.
• Clients Win Cert. In Raymond James Secret Commission Suit
• Expert In Forex 'Cartel' Trial Says Trades Seem Legit
• Utah Dentist Intended To Defraud US, 10th Circ. Affirms
• Banco Popular Investors Get Limited Docs For Spain Actions
• Investor Drops Suit Over Cryptocurrency Hacking
• NY Fines Wells Fargo $65M Over Cross-Selling Disclosures
• CFPB Doesn't Owe Law Firm $1.2M Attys' Fees In Debt Suit
• Legal Settlement Cash Advances Aren't Loans: Ga. Justices
• Santander Ex-Manager Can Call, Email Workers In OT Row
• Bank Doesn't Exclusively Own Ex-CEO's Story, 3rd Circ. Told
• SFO Charges Ex-Deutsche Trader In Euribor-Rigging Case
• Jury Hears Ex-Barclays Trader's Worries As Gov't Case Ends
• Bank Must Face Claim Of Stalling Wall Street Condo Sale
• UK Litigation Roundup: Here's What You Missed In London
• CashCall Owes $200M For Loan Scheme, CFPB Tells 9th Circ.
• Fake Heir Cops To $13M Hedge Fund Scam, Faces 10 Years
• Singapore Banks Seek Redo On SIBOR Rigging Escape Bid
• Ex-Fed. Prosecutor Joins Reed Smith's Compliance Practice
• High Court Urged Not To Review 9th Circ. Preemption Ruling
• HP Unit Owes Startup $2.3M For Software Work
• Customer Seeks Class Approval In Raymond James Fee Suit
• Toys R Us Lenders Become Stalking Horse For IT Biz
• SEC Launches 'FinHub' Office To Guide Startups On Fintech
• Ocwen, Others Want Fund's ERISA Suit Over RMBS Nixed
• Ex-Google Exec's Co. Can't Arbitrate Tribal Payday Loan Suit
• Need Litigation Finance? Don't Skip These 5 Steps
• ​Are You Ready For Your Congressional Investigation?
• Labaton Says 1/3 Of Its Open Cases Include Referral Fees
• Bitcoin Trader, CEO Ordered To Pay $2.5M For Ponzi Scheme
• Proposed Volcker Rule Definition Change A No-Go, Banks Say
• Last Tippee In $5M BofA Insider Trading Ring Takes Plea Deal
• Chicago Bank Accused Of Role In Va. Ponzi Scheme
• Nine West Files Amended Ch. 11 Plan With $105M Settlement
• Bankers' Trade Group A Hotbed For Bias, Ex-Exec Claims
• Va., Ind. Residents Say Tribal Lender Skirted State Usury Laws
• Noble Group Seeks US Protection During $3.5B Restructuring
• Fidelity's Foray Into Bitcoin Likely To Boost Crypto Appeal
• Fintech Cops Urged To Play Nice, But Sandbox Is A Hard Sell
• Citibank IDs Garnished Accounts In Wine Co. Investor Row
• Hotel Restaurant Class Wins Cert. In Illegal Surcharge Suit
• Hotel JV Gets $46M Loan, Eyes Greek, Spanish Investments
• Timber Co. Receiver Seeks Injunction For Ponzi Recruiters
• Blank Rome Must Face Malpractice Suit From Exec's Ex-Wife
• CFTC Threatens To Block EU Banks From Markets Over Brexit
• Ex-Fed Agent Can't Ditch Silk Road Bitcoin Theft Sentence
• Master Account Suit Of 'Narrow Bank' Isn't Ripe: NY Fed​​​​​​​
• NY Times Urges Judge To Unseal Docs In Trump Dossier Row
• A High Court Milestone Stirs Hope Of Gender Parity
• Treasury Declines To Name China A Currency Manipulator
• FirstEnergy's Bankrupt Units Seek OK For $25M Credit Deal
• FSOC Pulls SIFI Tag From Prudential, Last Nonbank To Have It
• Gov't Ready For Manafort Sentencing On Some Counts
• KKR's Auction Abuse Claims Dismissed As 'Joke' In Apt. Row
• FinCEN Staffer Arrested For BuzzFeed Russia Probe Leaks
• 2 Ex-Deutsche Traders Convicted Of Libor-Rigging
• How FTC Is Stepping Up Its Consumer Protection Efforts
• Class Arbitration Goes To The Supreme Court
• Ex-State Street Exec Promises Precedent-Setting Appeal
• SEC Comes Up Short In Fraud Case Against RD Legal Capital
• Ex-Equifax Engineer Gets House Arrest For Insider Trading
• K&L Gates Repped Both Tech Co. And Its Lenders, Suit Says
• Royal Park Pushes For Sampling In Deutsche Bank RMBS Suit
• NY High Court Says Deutsche RMBS Claims Still Untimely
• Iranian Businessman Says Feds Have Privileged Docs
• NYSE, Nasdaq Didn't Justify Market Data Fees, SEC Says
• CVR Takes Another Swing At Wachtell In Icahn Takeover Case
• Navy Federal To Shell Out $24.5M To End Overdraft Action
• Trump's Rulemaking Agenda Aims To Cut $18B In Costs
• Brazilian Fintech Startup Preps $1.1B IPO Led By Davis Polk
• A Holistic Approach To Client Retention
• Investor Can't Overturn Yukos' Buyer's Bankruptcy Plan
• Madoff Pal Asks To Quash Bid For JPM Docs In Clawback Suit
• The Path To Becoming A Supreme Court Advocate
• Debt Collector's Attys Warned Over Bid To Ditch FDCPA Suit
• Convicted State Street Exec Gets Lenient 18 Months
• Greenspoon Marder Adds Atty For NY Cannabis Tax Practice
• A Chat With Allens Pricing Chief Pier D'Angelo
• Studying The Reactions To SEC's Whistleblower Proposals
• Nomura Reaches $480M Deal Ending RMBS Probe
• Calif. Judges Say JPMorgan, BofA Wage Deals Need Work
• Labaton State Street Atty Fee Accord Not Yet A Done Deal
• Deutsche Traders Knew Libor-Rigging Was Illicit, Jury Told
• Nine West Creditors Ask To Sue Sycamore For LBO Losses
• Gender Disparity At The High Court: How Top Law Firms Measure Up
• Sears Authorized To Tap DIP Loan In 1st Day Of Ch. 11
• Payday Lenders Seek Quick Win In 'Choke Point' Suit
• Real Estate Rumors: Midtown Capital, McSam, City National
• Cohen Milstein Seeks $2.9M In Fees In $17M Opus Bank Deal
• Investors Can't Undo $480K Costs In Archstone Buyout Row
• Nigerian Oil Co. Execs Must Talk In $1.8B Award Row
• Morgan Stanley Wins Bid To Arbitrate Ex-Exec's Bias Claims
• What Financial Cos. Can Expect If Democrats Win House
• Supreme Court Women: A Vet & 1st-Timer Talk Gender Disparity
• Will The Future Of The Supreme Court Bar Be Female?
• DOJ Criminal Head Inks Monitor Memo, Axes Compliance Role
• UK Litigation Roundup: Here's What You Missed In London
• Citi Says The Law Backs Arbitration Of Ex-Adviser's Bias Suit
• CFPB On Right Track With 'Sandbox,' Trade Groups Say
• 'Cheerleading' Not Fraud, HP Atty Tells Startup Trial Jury
• AmEx Wants Narrow Market Claims Tossed In Card Fee Fight
• Ex-UBS Forex Trader Says 'Cartel' Used Chats To Collude
• Fla. Consumer Slams Firm With Debt Collection Class Suit
• Former SEC Senior Counsel Joins Cahill Gordon In DC
• Synovus, Fla. Bank Owe Info On $2.9B Deal, Investor Says
• 3 Commodity Traders Charged In $60M Spoofing Scheme
• Tax Evasion Knows No Borders
• Treasury Warns US Banks Of Iranian Plots To Evade Sanctions
• The ABA Was Dead Wrong About Model Rule 8.4(g)
• Do VPNs Spell Market Manipulation For Crypto Exchanges?
• HP Treated Startup Like Slaves, Jury Told As Trial Wraps
• Lieff Cabraser Balks At Paying More In State Street Fee Fight
• Ex-Royal Bank Of Canada Unit Fights Cert. In Overdraft MDL
• Crypto Is 'Father Of All Scams,' Economist Tells Senate
• Wells Fargo Workers Fight To Revive 401(k) Row In 8th Circ.
• Ex-Newsweek Owner Denies $10M Fraud, Blames DA Vance
• Trader Can't Sway 7th Circ. To Revive Suit Over Firing
• Bharara Group To Explore Changing Insider Trading Law
• The Supreme Court Should Become Boring
• 4 Important Insurance Decisions You May Have Missed
• Is CFPB Curtailing Its Own Supervisory Authority?
• Fyre Festival 'Serial Fraudster' Faces 6 Years, $26M Forfeiture
• Back To School: BC's Kent Greenfield Talks Corporate Law
• AmEx Aims To Toss Amended Claims In Card-Steering Row
• What New Bank Charters Mean For Fintech
• Ex-Top Feinstein Atty Joins Wiley Rein's White Collar Group
• Payment Processor Says Ex-CEO Stole Company Secrets
• Ex-Wells Fargo Adviser Gets Class Cert. Over Deferred Comp.
• Finance Atty Joins Holland & Knight In Denver
• Forex 'Cartel' Traders Cheated The Market, Jury Hears
• Navient Asks For Special Master In CFPB Discovery Row
• NY Regulator Fines UAE Bank $40M Over Compliance Issues
• LeClairRyan Adds Cybersecurity-Focused Atty From SF Fed
• Raymond James Can't Ditch Secret Commission Class Action
• DOJ Rules Out Life Term Bids For Ex-Wilmington Trust Execs
• Hong Kong To Penalize IPO Sponsors For 'Substandard' Work
• BofA Workers Want Approval Of $11M Mileage Expense Deal
• Kavanaugh Cannot Be Compelled To Recuse Himself
• Labaton To Pay $4.8M, Accept Oversight On Fee Practices
• Feds Seek 5 Years For Convicted State Street Exec
• Cryptocurrencies Could Threaten Financial Stability, FSB Says
• FCA Plans To Weave EU Rules Into Handbook For Brexit
• ICOs Are Coming Of Age, Say DLA Piper, Deloitte Experts
• Utah Justices Flip 'Clearly Erroneous' Foreclosure Ruling
• Ex-Goldman CEO Aide Accused In Wine Theft Leaps To Death
• NCUA Seeks Sub To Bring RMBS Suit Against Deutsche Bank
• Royal Park Can't Revive $3.7B RMBS Suit, NY Court Rules
• BuzzFeed Says Russian Exec In Dossier Row Is Public Figure
• HSBC Finalizes $765M Mortgage-Backed Securities Deal
• 2nd Circ. Mulls Unsettled McDonnell Issues In Guinean Case
• Westmoreland Coal Hits Ch. 11 With Plan For Lender Takeover
• Knowledge Management: An Unsung Hero Of Legal Innovation
• Loan Class Suit Revived With Instructions To Mull NJ Ties
• Fintech Charter Interest Could Be Shaped By Litigation
• CORRECTED: Ex-Exec Of Modi Jewelry Co. Seeks Access To D&O Coverage
• Tilton Loses Bid To Seal Tax Documents On Appeal
• Gov't Role In Paul Weiss Probe Puts Deutsche Trial At Risk
• Bondholders Seek To Appoint Receiver For Puerto Rico Utility
• Newegg Uninvolved In Subsidiary's Alleged Fraud, Judge Says
• European Investment Bank Loans $242M For Wind Project
• Chase Pays $5.3M For Settling Sanctioned Airlines' Bills
• Judge Says Alibaba At Least Partly Won In Crypto TM Fight
• Holland & Knight Adds Real Estate Finance Pair From Seyfarth
• UK Litigation Roundup: Here's What You Missed In London
• 2 Consumer Groups Hit Conn. Bank With Redlining Suit
• TD Ameritrade Clients Want Cert. In Options Liquidation Row
• GILTI Contains Pitfalls For Private Funds, Tax Pros Say
• Jet Co. Exec Convicted In Int'l Cocaine Smuggling Scheme
• Top EU Court Urged To Rule ECB Quantitative Easing Legal
• Judge Prunes Investor Suit Against Ocwen Over Compliance
• Elon Musk, SEC Told To Justify $20M Settlement Over Tweets
• Bank Units Urge Judge To Deny FDIC A Redo In Colonial Suit
• 'Post-Truth Era' Won't Deter Judge In Firm's Row With Bank
• Several Banks Escape SIBOR-Rigging Allegations In NY
• Madoff Trustee's $156M BNP Paribas Clawback Bid Trimmed
• CFTC Signs Pact With Australian Regulators To Spur Fintech
• Hong Kong Doc Denied Bail As Flight Risk In Bribery Case
• CFPB Fines Retailer $200K For Debt Payment Foot-Dragging
• Ex-Morgan Stanley Brokers Want Client Luring Suit Tossed
• Can Defrauded Crypto Investors Hope To Recover Anything?
• DOJ Joins Probe Into Danske Bank Over AML Controls
• Fired Morgan Stanley Exec Must Arbitrate Racial Bias Suit
• Deutsche Bank Investors Win Cert. In Preferred Securities Suit
• SEC's Long-Awaited ETF Rules Get Favorable Reception
• 4 Firms Break From Pack In Scorching September For IPOs
• CFTC Official Lauds Ruling Putting Crypto Under Its Purview
• Merrimack Loan Fraud Coverage Dispute Sent To Arbitration
• Navient Stood In Way Of Student Loan Forgiveness, Suit Says
• Deutsche Sues BofA For $253M Over Loan Warranty Breaches
• Lehman Judge Nixes Bids To Transfer Lender Indemnity Suits
• Skip The New 'Civility Courses' And Think Like A Lawyer
• AmEx Cardholders Get Cert. Redo Over Arbitration Contracts
• SC Bank Pays Kickbacks For Mortgage Referrals, Suit Says
• 6 More Recommendations For Improving FATCA Compliance
• Why Law Firms Should Monitor The Dark Web
• Lehman To Add Indemnity Claims Against Mortgage Sellers
• Deutsche Libor Trial Judge Eyes Internal Paul Weiss Probe
• Multiple Cos. Dropped From VIX Manipulation MDL, For Now
• Wells Fargo Auto Insurance Cleanup Not There Yet, Sens. Told
• Ex-U.S. Ambassador Joins Bryan Cave's White Collar Practice
• BofA Can't Duck $4.3M NJ Tax Bill Against Merrill Lynch
• Infowars Sues After PayPal Cut Ties Based On Hate Speech
• Investors Seek To Stop Staples' $1B Purchase Of Essendant
• Zillow Escapes Investor Class Action Over CFPB Probe
• Judge Scolds JPMorgan, Traders For 'Excessive' Redactions
• Lawyer Gets 5 Years In $22.9M Chicago Mortgage Fraud
• Fla. Man Pleads Guilty To $6.1M Fraud Scheme, Tax Evasion
• AmEx Won't Challenge 2-Sided Market In Card-Steering Row
• Atty Accused Of Depositing Stolen $1M Tax Refund Check
• Does Rule 45 Protect Nonparties From Undue Burden?
• Attys In ISDAfix Antitrust Suit Request $151M In Fees
• 5.5 Ways To Remove GILTI From Your State Tax Base
• Trends In FINRA's 2018 Disciplinary Actions
• Atty Fees Slashed By $22M In Wells Fargo Rest Break Row
• GOP Reps Push Fed To Free Some Banks From SIFI Regs
• BuzzFeed Wants Out Of Russian Exec's Defamation Suit
• 3 Big Banks Can't Dodge Enron Debt Investor Suit
• Bail For Hong Kong Doc To Be Revisited Ahead Of FCPA Trial
• CFTC Chief Aims To Alter Agency's Cross-Border Swap Role
• Execs, Attys Avoid $80M Suit Over Brazilian Investments
• Justices Want Gov't View On Pursuit Of Iran Terror Funds
• Real Estate Rumors: Blackstone, Wells Fargo, Elion Partners
• Investors File Consolidated Claims In VIX Manipulation MDL
• Justices Seek Solicitor General's View In US Bank ERISA Suit
• How US And EU Sanctions Clash With Russian Antitrust Laws
• UBS, RBS Duck Claims Of Conspiracy Against Swaps Platform
• 6th Circ. Encourages Insureds To Be Open With Insurers
• CFPB Takes A Big Step Toward Better Consumer Disclosures
• Tesco Bank Hit With Landmark £16M Fine For Cyberattack