Banking Archive » November, 2018

Banking - November, 2018

295 articles

• State Lawmakers Face Familiar Challenges In 2019
• With Kavanaugh Recusal, Lorenzo Arguments Get Close Look
• Investors Drop Suit Against BofA Over $102M Ponzi Scheme
• 2 Swiss Bankers Who Hid Money From IRS Get Probation
• UK Litigation Roundup: Here's What You Missed In London
• Société Générale: Sanctions Enforcement Is Alive And Well
• MVP: Latham & Watkins' Joseph Serino
• The Laterals Audit: Tax Attorney Moves In November
• Capital One Agrees To Decline $8.4M Won In Taxi Loan Suit
• High Court Should Hold Securities Fraudsters Accountable
• SFO Wraps Up First Deferred Prosecution Agreement
• MasterCard, Visa Can Take Swipe Fees Fight To Top UK Court
• DOJ Softens Yates' Demand That Cos. Serve Up Individuals
• Search Of Deutsche Bank In AML Probe Could Draw US Eyes
• Attys In ISDAfix Antitrust Suit Get $126M Fees, $18M Costs
• Foreign Investors Drop Ski Resort Ponzi Scheme Suit
• Investors Get First OK On $23M Deal With Cobalt Underwriters
• Dominican Bank Owner Gets 3 Years For $1B Bribery Scheme
• Voluntary Disclosures Get More Costly Under New IRS Rules
• ICO Mania Cools Amid Regulatory Crackdown, Crypto Plunge
• Cos. Can Lower Fraud Fines Without Naming All Players: DOJ
• Joint Biz's Sole Shareholders Can File Direct Claims: NJ Court
• Ex-Goldman Sachs Banker Plans Insider Trading Guilty Plea
• MVP: Sullivan & Cromwell's Patrick S. Brown
• FinCEN Tightens The Net On Illicit Real Estate Deals
• German Police Search Deutsche Bank HQ In AML Probe
• BofA Mortgage Brokers Denied Cert. In Row Over Withheld OT
• FDIC Eyeing Changes To Bank Unit Resolution Planning Rule
• FDIC Staffer Charged In Document Theft Plans To Testify
• Ill. Is Wrong Venue For Mexico Loan Suit, Developer Says
• 2 Iranians Charged With Ransomware Attack On US Cities
• Morvillo Abramowitz Snags NY Federal Prosecutor
• Justices May Struggle To Agree On Rule 10b-5 Scope
• MVP: Paul Weiss' Susanna M. Buergel
• Major UK Banks Pass 'Severe' Bank Of England Stress Test
• Watchdog Could Block Experian's £275M Merger With Rival
• SEC Hasn't Shown Crypto Tokens Are Securities, Judge Says
• JPMorgan Pushes Back On Depo Bid In Silver Trading Suit
• Ex-Venezuelan Treasurer Gets 10 Years For $1B In Bribes
• Feds Say 3 Cos. Laundered $3M For North Korea
• Morgan Stanley Adviser Who Stole From Clients Gets 5 Years
• Chinese Lender Investor Cries Foul Over Alleged IPO Lies
• Ringleader In $18M Colo. Investment Scheme Gets 10 Years
• ABA Blasted For Support Of Bill On Debt Collection Attys
• MVP: Mayer Brown's Mark Hanchet
• Judge Says He's Immune To Misconduct Suit Over Rulings
• Simpson Thacher Reps People's United On $327M Bank Buy
• Jurors Should Ask More Questions During Trials
• Monroe Capital Secures $1.33B For 3rd Private Credit Fund
• Boies Schiller Says Chinese Dissident Owes $1M In Fees
• Chinese Nonprofit Boss Bribed African Officials, Jury Hears
• All Banks But Morgan Stanley Escape Aussie Benchmark Suit
• Russia Ordered To Pay $1.1B To Ukrainian Bank
• JPMorgan Settles Aussie Benchmark Fixing Suit For $7M
• Real Estate Rumors: Signature Bank, Rockwood, WeWork
• Ohio 1st State To Take Bitcoin For Business Tax Payments
• Ex-Wells Fargo Trader's Depo In Rigging Suit Canceled
• MVP: Hogan Lovells' Allison J. Schoenthal
• Gas Stations Can't Delay Card Swipe Fee Deal, Court Told
• CenterState To Buy National Commerce For $850M In Stock
• Discovery Sanction 'Draconian,' Insurer Says In Contract Row
• JPMorgan, Citi Reach $182.5M Deal In Euribor Investor Suit
• Calif. Ruling Dings Engagement Letter Arbitration Clauses
• Analyst Denies Knowing Of NY Pension Director Bribery Plot
• Life After The Midterms For Fintech And Digital Assets
• 10 Things We Wish We Were Told When Going In-House
• Law360 MVP Awards Go To Top Attorneys From 71 Firms
• UK Litigation Roundup: Here's What You Missed In London
• Toys R Us Creditors Challenge Releases In Ch. 11 Plan
• Real Estate Rumors: JP Morgan, Ralph Lauren, Greenroad
• Oil, Gas Retailers Worry Swipe Fee Deal Curtails Claims
• Exxon Says NRA Ruling Backs Bid To End NY Climate Probe
• IHeartMedia Looks To Re-Up Ch. 11 Worker Bonus Plan
• IRS Correctly Sought Law Firm's Bank Records, 11th Circ. Told
• Ex-Wells Fargo Forex Trader Can Be Deposed In Rigging Suit
• Abu Dhabi's IPIC Sues Goldman Sachs Over 1MDB Scandal
• Judge Asks For JPMorgan Response In Silver Trading Suit
• The Virtual Law Team: Advantages For Litigants And Lawyers
• US Bank Wants Out Of Trust Insurer's Settlement Suit
• Willkie Farr Adds 'Madoff 5' Prosecutor From Boies Schiller
• BigLaw Alums Q&A: Mark Migdal's Lara O'Donnell Grillo
• Billions In Dirty Money Went To US: Danske Whistleblower
• Revised Puerto Rico Sales Tax Plan Cleared For Creditor Vote
• CFPB Reaches Nearly $12M Settlement With Santander Unit
• Venezuelan TV Mogul Charged With $1B Bribery Scheme
• OCC Says NY Still Jumping The Gun On Fintech Charter Suit
• Va. Consumers Push For Class Cert. In Tribe-Linked Loan Suit
• Firm's Antitrust Claims Survive In Interest Rate Swaps MDL
• Ex-Google Exec, Tribal Co. Win Stay In Payday Loan Suit
• Ameritrade, Investors Reach $18M Deal In Scottrade Suit
• Special Master Defends Penalties In State Street Fee Fight
• US Nabs Swiss Banker Wanted In Failed Case Against PE CEO
• 5 Business Takeaways From The Midterms
• Cboe Says It Shouldn't Be Liable For VIX Manipulation
• Minority Investor Fights Crypto 'Miners' Purchasers' Cert. Bid
• Fee Award Against Wells Fargo Reversed Over Late Recusal
• Emerging Cybersecurity Threats In The Legal Industry
• Court Paves Path For Bank-Fraud Probe In Jeweler's Ch. 11
• Investors Sue Bank OZK For Hiding $46M Lost On Bad Loans
• High Court Won't Review 9th Circ. BofA Preemption Ruling
• Spoofing Is Not Fraud, Ex-Merrill Lynch Traders Say
• SEC's Whistleblower Program Hits Its Stride In 2018
• Wells Fargo Says No Evidence Of CDO Fraud Before Crisis
• SocGen Fined $1.3B Over US Sanctions Violations
• 5th Circ. OKs Denial Of Atty Fees Over 'Outrageous' Behavior
• 2nd Circ. Affirms Barclays' Win In Suit Over $2.5B Offering
• 4 Cos. Eye December IPOs With New Filings Totaling $350M
• Visa, AmEx, MasterCard Face Brazil Antitrust Probe
• Cboe Tries To Keep Lid On Discovery In VIX Manipulation MDL
• Air Charter Founder Launches New Retrial Bid In Fraud Case
• 'Inveterate Con Man' Gets 12 Yrs For $4.4M Bank Loan Scam
• Nasdaq Wants Fish & Richardson DQ'd From Patent Fight
• Trenk DiPasquale Wins Fees Bid, Must Defend Interest Rate
• The Legacy Of Madoff, A Decade Later
• 2 US Banks Tied To Danske Money-Laundering, Ex-Head Says
• Ex-Morgan Stanley Exec Fights Arbitration Of Bias Claims
• AFT Files Adversary Case In Puerto Rico Bankruptcy
• SEC Provides 'Path To Compliance' For Unregistered ICOs
• Dem AG Gains May Spur State Financial Services Action
• Fintech Co. Misled IPO Investors, Stock-Drop Suit Says
• Credit One Ducks TCPA Suit Over Calling Reassigned Number
• UK's Approach To Regulating Crypto-Assets Looks 'Measured'
• Mnuchin Cleared To Seek Funds From Relativity D&O Policy
• SEC Fights 1 Global Ex-CEO's Bid To Toss $287M Fraud Suit
• First Citizens Buys Fla.-Based Bank Biscayne In $115M Deal
• Wine Co. Shareholder Can't Avoid $29M Bill, 11th Circ. Told
• Rise Of The CMOs
• Texas Man Convicted In $36M Drug Resale Scheme
• BofA, Deutsche Bank Say Sibor-Rigging Suit Falls Short
• UK Litigation Roundup: Here's What You Missed In London
• 3rd-Party Claims Fall Under CAFA, Biz Groups Tell High Court
• Perkins Coie Snags Digital Currency Partner From SEC
• CFPB, Think Finance Say Settlement Talks Are Underway
• Nissan Lender Sues Dealer For $4.5M In 'Out-Of-Trust' Sales
• Spoofing Charges Don't Readily Translate To Private Actions
• Prospects For Tax Policy In The 116th Congress
• FDIC Fights To Keep Libor Manipulation Claim Against UBS
• Citibank, JPMorgan Chase Ink $21M SIBOR Rigging Suit Deal
• Fed Vice Chair Takes Heat Over Leveraged Lending
• Biblical University Leaders Indicted In Newsweek Fraud Case
• PE Firm's Head Gets New Trial In $60M Tribal Bond Scam Case
• NY Appeals Court Revives HSBC Suit Over $1.9B Fine
• Pa. Justices Snub Appeal In Axed Foreclosure Fee Case
• Ex-Deutsche Bank Traders Say Spoofing Isn't Wire Fraud
• Trump's PBGC Nominee Clears Senate Finance Committee
• Republican Groups Attack SEC Pay-For-Play Rule In DC Circ.
• 3rd Circ. Says Fannie, Freddie Investors Not Owed Relief
• Feds Doubt Ex-BigLaw Atty's Privilege Applies In Crypto Scam
• Judge Wants More Info On Citi's $10M Deal In Forex Rig Suit
• Wells Fargo Fights Revival Of ERISA Suit At 8th Circ.
• Concerns About CFPB Trial Disclosure Policy Are Misplaced
• Cleary Gottlieb-Led Chinese Fintech Weidai Prices $45M IPO
• US State Dept. Adds 16 Hotels To Cuba Restricted List
• A Chat With Bryan Cave Innovation Chief Katie DeBord
• Financial Services Hopeful After UK Reaches Brexit Deal
• For CFTC, 2018 Was One Of The 'Most Vigorous' In Its History
• Sanctions Sought In Alleged Cryptocurrency Pyramid Scheme
• Puerto Rico Sales Tax Plan Lacks Details, Stakeholders Say
• KKR, Macquarie Say Auction-Rigging Claims Merit Dismissal
• FDIC Puts Out Call For Information On Small-Dollar Lending
• 3rd Circ. Won't Revive Stock-Drop Suit Against Ocwen Affiliate
• Ex-BofA VP Spared Long Sentence For Nonprofit Kickbacks
• BofA Sheds Pa. Firm's Claims Over Account Phishing Scheme
• Chancery Suit Seeks $150M In Student Loan Trust Damages
• 3rd Circ. Urged To Back Ruling In $377M Foreign Income Row
• DLA Piper Adds Gómez-Acebo Arbitration Atty In Spain
• No More Bank Rule Rollbacks From House, Rep. Waters Says
• Ex-State Street Exec Gets 6 Mos. For Role In Fraud Scheme
• Payment Processor Gets Nod For Revised $7.5M TCPA Deal
• AI's Role In Financial Services: Some Early Lessons
• MoneyGram Investor Sues After $125M FTC Fraud Deal
• UBS Says FDIC's Competition Claim Over Libor Is Too Late
• Simple Secrets For Improving Your CLE
• In Leap To Plaintiffs Boutique, Munger Vet Makes Rare Move
• NJ Firm Can Drop Client In Insurance Fraud Suit
• Quicken Loans, Marketing Firm Shed Wiretap Class Claims
• OCC, FDIC Try To Shut Down Lenders' 'Choke Point' Suit
• Payment Processor Hit With Investor Suit Over Sale To NCR
• Deals Rumor Mill: WeWork, Aramco, BMW
• UK, Singapore Fintech Groups Sign Cross-Border Agreement
• Merrill Lynch Workers Win Conditional Cert. In OT Suit
• It's Time For Law Firms To Start Talking About Gen Z
• 5 Common Misconceptions About SEC Investigations
• Court Of Appeal Will Hear £14B Mastercard Class Action Bid
• FX Firm Can't Use HSBC's UK Docs For US Manipulation Suit
• Ex-AIG Staff Could Win $100M After High Court Bonus Ruling
• Financial Services Get Shared Lexicon To Fight Cyberattacks
• Wells Fargo To Pay $43M To Settle RMBS Trustee Litigation
• Equifax, Oracle Accused Of Flouting GDPR Data Use Rules
• UK Litigation Roundup: Here's What You Missed In London
• Aegean Marine Gets Interim Access To $532M DIP Package
• Schwab Wants ERISA Claims Over 401(k) Plan Nixed Again
• Puerto Rico Lawmakers Help Debt Restructuring Go Forward
• Fed Will Cool Its Jets On Stress Capital Buffer Proposal
• Pillsbury Snags Dorsey & Whitney Partner With China Focus
• Feds Seek Year In Prison For Ex-State Street Fraudster
• 15 Minutes With American Express' Chief Legal Officer
• Taxation With Representation: Kirkland, Vinson, Wachtell
• 3rd Circ. OKs 60-Month FCPA Sentence In $3.5M Bribery Case
• Ex-BHP Chief Compliance Officer Rejoins Mayer Brown
• What To Expect From New Democratic Investigation Efforts
• ResCap Trust Nabs $28.7M Verdict In Mortgage Lender Suit
• MoneyGram To Pay $125M For Breach Of Anti-Fraud Pacts
• Ex-UBS Analyst Seeks $3.2M In Atty Fees After $1M Jury Win
• Fla. Co. Says Its Account Has No Place In Investor Row
• Commerzbank To Pay CFTC $12M Over Swap Dealer Claims
• Rep. Waters Eyes House Financial Services Priorities
• Deals Rumor Mill: Home Partners, Denel, Wells Fargo
• Hogan Lovells Steers Edenred's $600M Payment Co. Buy
• Uranium Trading Leads 3 IPO Launches Totaling $137M
• Credit Union Must Face Suit Over Misleading Overdraft Policy
• No Planned Crypto Voluntary Disclosure Program, IRS Says
• Back To School: Yale's Linda Greenhouse Talks Journalism
• Lewis Baach Nabs Manhattan DA Vet From BakerHostetler
• Forex Counsel Awarded $300M In Fees For $2.3B Deal
• An Opportunity To Slow The Rise Of Securities Class Actions
• JPMorgan Hit With Class Action Over Spoofing Allegations
• Celebrate Veterans By Improving Their Access To Justice
• Iran Sanctions Reimposed: 5 Key Questions
• US Sues UBS For Fraud Over Crisis-Era RMBS
• Aegean Marine Creditors Complicate Request For Quick DIP
• Ex-Lawmaker Could Be Asked To Testify In State Street Row
• Borrowers Ask 10th Circ. To Uphold $25M RICO Verdict
• Morgan Lewis Adds White & Case Banking Atty In Singapore
• La. Court Axes Credit Union's $1.3M Theft Coverage Win
• Gridlocked Government May Not Be Bad For Capital Markets
• ECJ Revives Challenge To €4.8B Portuguese Bank Bailout
• CFPB's Payday Rule Compliance Date Stayed By Texas Judge
• Citibank Cuts $38M Deal With SEC Over Handling Of ADRs
• Shareholder Fights Bank Execs' Bid To Toss Derivative Suit
• Justices Mull Proper Service Of Suit In USS Cole Bombing
• Comerica Seeks Sanctions In 'Scurrilous' $4.4B Lawsuit
• Puerto Rico Gov't Bank Restructuring Deal Gets Court OK
• Ponzi Investors Seek Final OK For $4.6M Deal With JPMorgan
• Time To Reclaim Wellness For All Lawyers
• Kavanaugh Fallout Fuels GOP's Senate Expansion
• What Banks Can Expect Now That The US House Has Flipped
• SEC's 'Best Interest' Reg Likely To Survive Waters' Leadership
• Dems Pump Brakes On Trump Agenda With House Win
• NY Elects James, State's First Black Attorney General
• Senate Republican Win Cements Trump's Judicial Makeover
• Voting Machine Critics Tout Low-Tech Fix For Hacking Fears
• 2 Commodities Traders Cop To $60M Spoofing Fraud
• Chase Says Crypto 'Like Cash' In Bid To Ax Cardholder Suit
• Traders Ask 2nd Circ. To Revive Citibank Forex Fraud Suit
• Traders Ask 2nd Circ. To Take Up Libor Class Cert. Fight
• Ex-JPMorgan Metals Trader Cops To 6-Year Spoofing Scheme
• HSBC, Nordstrom Reveal Data Security Breaches
• Morgan Stanley Wants Delaware LLC To Stop Using Its Name
• US Steel Investors Fail To Revive Claims In Fraud Suit
• JPMorgan Says Not To Certify 'Lawyer-Driven' 401(k) Suit
• A Strong Year For SEC Enforcement
• Deutsche Bank Says Bid To Amend RMBS Suit Too Late
• Blockchain Biz Bitfury Closes $80M Private Placement
• NYC Art Consultant Dodges Prison Time For Tax Scheme
• Heartland Must Face Suit Over Non-Solicitation Agreement
• PE Firm Says Co. Can't Pay $6.4M Award, Pulls Request
• Wells Fargo Seeks To Ax Auto Insurance Stock-Drop Suit
• BakerHostetler Snags 2 Katten Muchin Commercial Litigators
• Funds Fight Chinese Bank's Venue Bid In SIBOR Rigging Suit
• AGs Are Now The 1st Round Draft Picks Of American Politics
• Ex-CEO Says 1 Global Notes Not Securities In $287M SEC Suit
• CFTC Makes Higher Threshold For Swap Dealers Permanent
• DLA Piper Hires 2 Entertainment Finance Pros In Los Angeles
• Chinese NGO Head Can't Suppress FISA Evidence At Trial
• Spotlight On Private Antitrust Enforcement At Seoul Forum
• Crypto Exchanges Need Cybersecurity Regulation
• 2nd Circ. Nixes Ex-JPM Analyst's Insider Trading Conviction
• Investor Blasts 'Rotten' RBS At Euribor Swaps Trial
• Rajaratnam Tells 2nd Circ. $93M SEC Fine A Bridge Too Far
• CFPB Ducks Injunction Bid Over FOIA Request For Zillow Suit
• Stress Tests Show Big UK Banks At Back Of EU Pack
• 4 Things To Know About The 1MDB Cases
• UK Litigation Roundup: Here's What You Missed In London
• Trump Ushers In New Sanctions Era With Iran Clampdown
• FinCEN Staffer Invokes Civic Duty Over Russia Probe Leaks
• Ex-Google Exec, Tribe Want Stay To Fight Arbitration Denial
• The Challenge Iran Sanctions Pose For EU Operators
• SEC Enforcement Activity Rebounds In '18, With $4B Penalties
• Examiner In Jeweler's Ch. 11 Asks To Start Bank Fraud Probe
• BMW Sues HSBC For £4.4M Over Accounting Fraud
• Investors Say TerraForm Can't Use Option To Kill $57M Deal
• Lehman Highlights Challenges Of Cross-Border Settlements
• Deutsche Bank Unit Backs Sampling Ruling In RMBS Suit
• DOL, Plan Trust Score Quick Wins In $10M Recovery Suit
• Russian Exec Fights NYT's Bid To Unseal Docs In Dossier Suit
• NY, Feds Say Debt Collectors Posed As Attys, Police
• Hong Kong Watchdog Proposes Rules For Crypto Assets
• Underwriters In U.S. Steel Offering Seek To Appeal Fraud Suit
• CME Group Beats Rival Exchange's Antitrust Claims
• Ex-JPMorgan Exec-Run Fund Reveals Deutsche Bank Stake
• Real Estate Rumors: Adler, DWS, TH Real Estate
• Visa Fights Nearly 400 Retailers In Latest Swipe Fee Suits
• US Charges Ex-Goldman Bankers In 1MDB Fraud Scandal
• 8 Operating Agreement Tips For Funds Seeking Financing