Banking Archive » March, 2019

Banking - March, 2019

319 articles

• House Bill Pushes DHS, Private Sector To Team Up On Cyber
• Gov't To Open New Frontier In Spoofing Prosecution
• Wells Fargo's CEO Search Won't Bring Quick Fixes
• Wells Fargo, S&P Beat Bulk Of Life Policy Investors' Suit
• Banker Seeks Quick Win In SEC Suit Over Bond Offering
• Chipotle Strikes Deal With Banks Over 2017 Data Breach
• Legal Services Exec To Cop To Massive Loan Fraud Scheme
• UK Litigation Roundup: Here's What You Missed In London
• Wilmington Trust Ignored Red Flags In $46M Deal, Gov't Says
• Hong Kong Cautions Investors Over Security Token Offerings
• The FSIA Reasoning In High Court's USS Cole Decision
• Sen. Brown Wants More Info On $66B BB&T-SunTrust Tie-Up
• Sentinel Trustee Denied Redo In $14M Bankruptcy Fight
• High Court Extends Reach Of Securities Fraud Rule 10b-5
• Lebanese Salesman Again Denied Bail In $2B Bribery Case
• Western Union Shakes Suit Over Anti-Fraud Compliance
• Fed's Input Spurned By 'Narrow Bank' In Master Account Suit
• Wells Fargo General Counsel Takes Over As CEO Steps Down
• First Ever Cannabis Banking Bill Heads To House Floor
• Nirav Modi, US Biz Execs Hit With Ch. 11 Racketeering Suit
• 5 Key Moments From The SFO's Euribor-Rigging Retrial
• Brexit Risk-Disclosure Considerations For US Reporting Cos.
• French 'Accidental Americans' Sue Over FATCA Treatment
• Unsatisfying Answers In 4th Circ. Retirement Plan Ruling
• 2nd Ex-Barclays Trader Guilty In Euribor-Rigging Retrial
• FCA Fines Goldman Sachs £34.3M For Reporting Failures
• Black & Decker Fined $1.8M For Power Tools Sold In Iran
• SEC's High Court Win Snaps Dry Spell On Enforcement Issues
• Texas Jury Awards $15M Over Sham Real Estate Investment
• Firms, Attys Settle With CFPB Over Illicit Debt Services Fees
• Oro Negro's Monthslong Mediation With Creditors Falls Flat
• DOJ Defends Use Of Wire Fraud Charges In Spoofing Suit
• Puerto Rico Bondholders Shot Down Once Again By 1st Circ.
• Banks Accused Of Rigging Fannie, Freddie Bond Prices
• New Guidelines Boost Sustainability-Linked Lending
• Legislative Fix For Post-Libor Issues Seems Improbable
• Bill Against Forced Arbitration Is A Step In The Right Direction
• Police Raid Swedbank HQ In Insider Trading Probe
• Deutsche Bank Loses Bid To Stay Global Tax Refund Case
• Justices Find Investment Banker Liable For Copy-Paste Fraud
• Schwab Gets Claims Trimmed Again In Libor Case
• FDIC Taps Fifth Third VPs For General Counsel, Deputy Roles
• 1st Circ. Says Citizens Bank Overdraft Fees Aren't Interest
• What To Know About The Other Case Against Avenatti
• 10 Major Banks Conspired To Fix Bond Rates, Baltimore Says
• SEC Whistleblowers Net $50M In Third-Largest Single Award
• FINRA Wants To Let Examiners 'Lower The Boom' On Brokers
• Deals Rumor Mill: Deutsche Bank, Harvard, Ferrovial
• Attys Seek $34.7M For Securing Deal In Euribor-Rigging Case
• Boston Fed Taps Holland & Knight Executive Partner For GC
• Real Estate Rumors: CIM, Shinhan Bank, ServiceTitan
• PE-Backed Fintech Nexi Eyes Europe's Largest IPO In 2019
• Bitmain's Hong Kong IPO On Ice After Filing Expires
• Mansion Development May Impair Cities' Land Use Oversight
• Auditors Are Not Watchdogs
• Ex-Barclays Trader Convicted In Euribor-Rigging Retrial
• Setting The Record Straight On Women In Court Reporting
• Justices Rule Foreign Terror Suits Must Be Directly Served
• Citi Faces $1.2M Fine Over Japan 'Spoofing' Allegations
• Experian, Equifax Escape FCRA Suit For Now, 9th Circ. Rules
• New Partner Joins BCLP Banking Group In DC Office
• Lehman Loan-Servicing Units Seek Ch. 11 Wind-Down
• Panel's 'Disregard' Of Law Leads To $37M Award Nix In NY
• Morgan Stanley Says Ex-Advisers Took Clients, Trade Secrets
• M&T Bank Corp. Workers Seek Cert. In ERISA Suit
• High Court Won't Revisit Law Firm's IRS Summons Suit
• CFTC Eases Swaps Trading Rules For Certain Banks
• CFTC Says It Won't Pile On In Foreign Corruption Cases​
• Obtaining Atty Fees From Calif. Mortgagees Just Got Easier
• $2.3M Fee Fight In Citigroup Settlement Heads To Mediation
• Doctor Convicted Of Bribing African Officials Gets 3 Years
• 10 Years After Koehler, NY Still Good For Judgment Creditors
• Ex-JPMorgan Trader Wants 'Duplicitous' Forex Case Dropped
• Limiting Supreme Court's Size Is Not Enough
• Litigation Funder Therium Capital To Launch $430M Fund
• 9th Circ. Revives Student Loan Robocall Class Action
• Year-Old Cyan Ruling Still A Touchy Subject For Attorneys
• Greenberg Traurig Helps BofA With $240M NYC Hotel Loan
• Wilmington Trust Can't Dodge $30M Bill To Retirement Plan
• Developer On Hook For $5.2M Despite Atty DQ, 8th Circ. Says
• Labaton, Robbins Geller To Lead $2.5B Danske Bank Suit
• Ex-SEC Enforcement Lawyer Joins Jenner & Block In NY
• US Tightens Grasp On Venezuela With State Bank Sanctions
• Merrill Lynch To Shell Out $8M For Mishandling ADRs
• 1st Circ. Grants Puerto Rico Bankruptcy Stay In Medicare Suit
• Mutual of Omaha, Bank Aided $85M Ponzi Scheme, Suit Says
• Fannie Mae Hires Ex-Morgan Stanley, CoreLogic Atty As GC
• UK Litigation Roundup: Here's What You Missed In London
• Deutsche Bank Hit With Disability Bias Claims By Ex-Worker
• Calif. Insulation Biz Hit With Suit Over FCRA Disclosure Form
• Taxation With Representation: Sullivan, Dechert, Wachtell
• Mayer Brown Ousts Partner For Inappropriate Conduct
• NY's Vullo Set For Hot Seat In NRA Discrimination Suit
• $240M Wells Fargo-Investor Deal Missing Key Factor: Judge
• Bank Can't Undo Default Win, Left With $4.9M Error
• 'Training Wheels' Come Off New NY Cybersecurity Rules
• Final FATCA Rules Expand Definition Of 'Responsible Officer'
• Record £28M Fine For UBS Puts Compliance Staff On Guard
• 2nd Circ. Wary Of Denying Fraudster Cooperation Credit
• FDIC's $695M Mortgage-Backed Securities Suit Tossed
• US Policy On Cuba Litigation Comes With Risks For Cos.
• Foreclosure Firms Get High Court Help, But Questions Remain
• Crypto Bank CEO Faces 5 Years After Copping To $4M Fraud
• Lenders Score Major High Court Victory In Foreclosure Case
• Tech Trends From SXSW Pose Unique Questions For Lawyers
• What's In A Judgeship? More Than Meets The Eye
• Swamped: How Magistrate Judges Salvaged Louisiana's Judicial Crisis
• Wells Fargo Settles Bond Sale Case With SEC For $812K
• NY Judge Dares Defendants To Keep Execs Off Fraud
• Supermajority Vote Kills $1.4B Fintech Deal Suit, Directors Say
• Auto Dealers' Ch. 11 Can't Stop Deceptive Ad Suit, FTC Says
• SEC Judge At Heart Of Lucia Proceedings Leaving Agency
• SRA Money Laundering Compliance Probe Targets UK Firms
• Lithuanian Admits $122M Scam Targeting Facebook, Google
• Liability For CEO Misconduct Expands After #MeToo
• In Bar Admissions Process, It's Candor Or Bust
• Supreme Court Says Foreclosure Firms Not Debt Collectors
• Facebook To Overhaul Ad Targeting Tools To End Bias Suits
• Royal Park Asks To Use Sampling In BNY Mellon MBS Suit
• Citi Pays $49M To End Discriminatory Lending Charges
• 'In A Timely Manner': Three Decades Of Judgeship Bills
• From Showdowns To Hotlines, Frazzled Judges Get Creative
• Dem State AGs Threaten Action Over CFPB Payday Rule Delay
• Feds Want Hong Kong Doc To Get At Least 5 Years For Bribes
• Pa. Treasurer Says Banks Fixed Freddie, Fannie Bond Prices
• Navient Loan Forgiveness Suit Isn't Preempted, Workers Say
• Banks Fight Credit Union Agency's Bid To Exit Libor Suits
• Trump Sees Crucial Trade Ally In Brazil's Bolsonaro
• Danske Hit With $475M Suit Over Money-Laundering Scandal
• Judging A Book: Bashant Reviews 'Doing Justice'
• FCA Fines UBS £27.6M For Transaction Reporting Failures
• CFPB Defends Constitutionality Of Its Structure In 2nd Circ.
• Rate-Swap Antitrust MDL Claims Can't Pre-Date Dodd-Frank
• As Judicial Ranks Stagnate, 'Desperation' Hits The Bench
• These Are The Nation's 27 Most Overworked District Courts
• Hinckley Allen Adds Former Associate As Tax Group Partner
• Deals Rumor Mill: Deutsche-Commerzbank, Petrobras, Carrizo
• 2nd Circ. Affirms Toss Of JP Morgan Investor Fund Fees Suit
• BofA, Citizens Try To Nix Investors' $102M Ponzi Suit
• BNY Mellon Seeks To Toss Pittsburgh Charity's Fee Dispute
• Ocwen, Wells Fargo Can't Nix ERISA Suit Over Mortgages Yet
• Venezuela Adds Trump's Oil Giant Sanctions To WTO Tussle
• Ex-Schiff Hardin Finance Litigator Joins Steptoe
• Firms Can Leverage Communications When Economy Is Slow
• PE-Backed Payments Co. Nexi Primes Italian IPO
• US Frees Banks To Transfer UK Swaps To EU In Hard Brexit
• Willkie, Skadden Steer FIS' $43B Worldpay Buy
• Russian 'Oligarch' Says Sanctions Cost $7.5B, Scare Off Attys
• Citibank Says Wrong Number Call Recipients Can't Form Class
• 11 Firms Hope To Greet Spring With IPOs Exceeding $1.5B
• UK Litigation Roundup: Here's What You Missed In London
• FDIC Strikes $335M Deal With PwC Over Colonial Bank Audits
• Battle Over Venezuela Sanctions Set To Escalate At WTO
• Wells Fargo To Pay $13.8M For Unwanted Loan Modifications
• Lead Class Attys in Madoff Ponzi Suit Awarded $20M
• Singapore Oil Co. Wants Pre-Ch. 11 $50M Loan Payment Back
• Bradley Arant Snags Ex-Quarles Real Estate, Banking Pro
• Wachtell, Sullivan & Cromwell Steer $2.1B Rabobank Buy
• Deals Rumor Mill: Caixa, LendInvest, Deutsche-Commerzbank
• Appraisers Drop FCA Suit Against Citizens Bank
• Why A Data Center Sale And Partial Leaseback Is A Win-Win
• The Challenge Of Suing A Defunct Virtual Currency Exchange
• Rosen Law Seeks $1.2M Fee For $5M State Street Settlement
• All 9 Banks Beat Canadian Rate-Rigging Suit
• FSOC Designation Pivot Risks 2008 Repeat, Senators Hear
• Fla. Car Dealer Sued Over Unapproved Credit Checks
• Irish Agency Dodges $1.2B Suit Over Failed 'Chicago Spire'
• UBS, Others Fined $100M By Hong Kong For Lax IPO Scrutiny
• Investors Can't Join FTC's Belize Real Estate 'Scam' Suit
• Bill Would Give SEC 10-Year Recovery Window Post-Kokesh
• Cantor Fitzgerald Tries To Block Ex-Trader's Legal Fees
• Canadian Securities Regulators Seek Input On Crypto
• Allen & Overy Steers UAE Payment Processor's London IPO
• Huawei Denies Iran Sanctions, Bank Fraud Charges
• The Future Of The USMCA: 3 Possible Scenarios
• Fed. Circ. Abandons Jurisdiction Rule For IP Demand Letters
• A Deep Dive Into The CDS And Syndicated Financing Markets
• Ethical Social Media Marketing For Lawyers
• Need For Tech Emerging As Banking M&A Influencer
• Considering The 'Indirect Purchaser' Rule's Potential Demise
• Coach Gets 4 Months For Role In BofA Kickback Scheme
• A Chat With Norton Rose Diversity Director Nina Godiwalla
• Ala. Bank's Bid For US Class In Data Breach Hits Wrong Note
• Former SEC Regional Head Joins MoFo In San Francisco
• Fed Official Outlines Potential Changes To CRA Rules
• Manafort Gets 'Methodical' Sentence Amid Guidelines Debate
• IRS As Data Collector Won't Ease Tax Probes, Lawmakers Told
• Kohl's Customers Seek OK On $1.8M Credit Monitoring Deal
• BNY Mellon Reaches 11th-Hour Deal In Beneficiaries' Fee Suit
• Egypt Says US Cos. Can't Retroactively Fix Share Transfers
• Bankrupt Jeweler Accused Of Aiding Fraud Seeks Ch. 7 Status
• Bank Of Nova Scotia's Chile Toll Road Project Win Reversed
• JPMorgan Dodges Investor Suit Over $17M Ponzi Scheme
• Akin Gump Adds Ex-Sen. Donnelly To DC Practice
• Ill. Court Rejects Bid To End Mt. Gox Bitcoin Fraud Suit
• Tetragon Financial Unit Snaps Up $430M For CLO Fund
• FINRA's Recent Enforcement Actions Pack A Hard Punch
• EU Fintech Regulation Raises US Copyright Questions
• Barclays Slams Municipalities' Libor-Linked Loans Suit
• Manafort Charged With Mortgage Fraud In New York
• Manafort Sentenced To 73 Months In DC Case
• Israeli Bank To Pay $195M For Helping US Clients Avoid Taxes
• SEC Says No Harm Shown In Paperless Rule Challenge
• Wells Fargo Isn't Too Big To Manage, CEO Tells House Panel
• Fed Bans 2 Ex-Goldman Bankers Over 1MDB Scandal
• Facing Fiduciary Duty, Brokers Threaten To Exit Nevada
• NY Fed Seeks To End 'Narrow Bank' Master Account Suit
• Microinvestment Fintech Startup Raises $65 million In Series E
• What EU Investment Screening Will Mean For Dealmakers
• 5 Mistakes Law Firms Make When Responding To RFPs
• In Defense Of Manafort's 47-Month Sentence
• Trump's 2020 Budget Plan Prioritizes Cybersecurity Efforts
• BofA Workers Cite 9th Circ., Win Cert. In Reversal Of OT Suit
• CFPB Says 5th Circ. Case Looms Over Payday Rule Suit
• White House Revives CFPB Restructuring Call In 2020 Budget
• Ocwen Says 'Too Late' To Merge CFPB, Fla. Suits For Trial
• $165M NovaStar Deal OK'd Over FHFA Objections
• Priderock Contract Dispute Nets $1.25M For Financial Expert
• Owners Ask To Intervene In FTC's Belize Real Estate Suit
• Law360's Banking Editorial Advisory Board
• Trump Again Targets SEC's $50M Reserve Fund For Cuts
• LendingClub Says FTC Action Can't Sustain Hidden-Fee Suit
• Ex-KPMG Partner, Regulator Found Guilty Of Info Theft
• BofA Tipper Ordered To Lecture On Risks Of Insider Trading
• 9 Data Considerations For Investment Management Attorneys
• Bitcoin Co., CEO To Pay $1M In Deal With CFTC, SEC
• Jam Exposes International Orgs To New Litigation Risks
• Hundreds Of Firms Leave City As Brexit Deadline Nears
• Manafort's Breach Of Plea Deal Has Been Misunderstood
• Father-Son Attys Found Guilty Of Scamming NBA Star, Others
• Manafort Sentence Shows Judges' Clout Over Special Counsel
• Citizens Inflated Home Values To Amp Up Lending: FCA Suit
• Romanian Hacker Pleads Guilty To $21M Fraud Scheme
• Deals Rumor Mill: Deutsche-Commerzbank, Apax, NY Yankees
• Ex-Dentons Finance Pro Joins Haynes And Boone In NY
• Holland & Knight Scores Jones Day Finance Pro In Chicago
• Greenberg Traurig Adds Vedder Price Class Action Litigator
• Investors Seek Class Cert. In Rate-Swap Antitrust MDL
• UK Litigation Roundup: Here's What You Missed In London
• Ford Financing Unit Sued Over Debt Collection Practices
• Heads Of Crypto Group Charged With Multibillion-Dollar Fraud
• What To Expect From Increased FTC-State AG Collaboration
• NJ AG Slaps Used-Car Dealers With Predatory Selling Suit
• At PCAOB Leak Trial's Close, Many At KPMG Are Implicated
• 10th Circ. Partially Reverses Visa's $600M Black Card Win
• CFPB Head Won't Rule Out Further Payday Rule Changes
• Financial Adviser, Schwab Agree To Dismiss $100M Suit
• Ex-Morgan Stanley Exec Can't Duck Arbitration Of Bias Suit
• Manafort Gets Almost 4 Years In Va. Bank Fraud Case
• Leon Panetta In The Courtroom, Langley And Area 51
• Lender, Gov't End Repossession Fight Over Soldiers' Cars
• Equifax Deleted Key Data Breach-Related Docs, Senators Say
• Dilworth Paxson Adds Former Pa. Bank Regulator
• NYSE Sues SEC For Info About Official's Role In Fees Ruling
• LendingTree Hires Ex-Alston & Bird Counsel For GC Spot
• TrueCar Execs Face Stock-Drop Suit Over Affiliate's Redesign
• Travelport Investor Drops Suit Over $4.4B Sale To PE Firms
• Fintech Charter Fight Goes Beyond Regulatory Authority
• 6 Reforms For Greater Market Resilience
• Company Bringing Libor Suit 'Does Not Exist,' UBS Says
• Ex-Barclays Trader Calls SFO's Euribor-Rig Case Half-Baked
• SFO Failed To Obtain Key Legal Docs In Barclays Fraud Probe
• Fed Says It's Winding Down Stress Test 'Qualitative Objection'
• Tenn. Judge Sends Suit Over $4M Layfield Firm Loan to Calif.
• Lenders Say Businessman Can't Nix Award Over $100M Bonds
• FTC Moves Finance Sector Toward Mandatory Encryption
• Winklevoss Twins' Atty Fined $15K For Improper Behavior
• TridentUSA Authorized To Fully Tap $50M Ch. 11 DIP Loan
• Provident Again Assails NSF's £1.3B Unsolicited Takeover Bid
• Deals Rumor Mill: GE, Veraison, Advent International
• Bankrate To Pay $28.5M To Resolve DOJ Fraud Claims
• BofA, JPMorgan, Others Conspired To Rig Bond Prices: Suit
• Drinker Biddle Eyes Growth In DC, Miami With 17-Atty Group
• Fallen Union Star Gets 3 Mos. For Taking Buddy's Stock Tips
• Credit Suisse, Funds Must Mediate Over $1B Write-Downs
• Why I Became A Lawyer: Finding A Voice, And A New Home
• Kessler Topaz, Pomerantz Vie For Lead In 1MDB Investor Suit
• A Taxonomy Of The Proposed Token Taxonomy Act
• Credit Union Regulator Wants Out Of $590M In Libor Deals
• Bitcoin Scaling Solutions And Their Downsides
• BNP Paribas Exec Claims Harassment After Blowing Whistle
• Barclays Attys 'Knew' Of Qatari Side Deal, Jury Hears
• No Cause To Shave Manafort Sentence, Mueller Says
• Midland's NY Rate Suit Deal Calls For $9M Balance Reductions
• Navient Gets Appeal Cert. For Student Loan Suit Nix Bid
• Ex-Barclays Trader's Sudden Acquittal Sends Shock Waves
• BB&T To Repay Investors $5M Over Inflated Commissions
• IRS Can Get Info From Cannabis Co.'s Banks, 10th Circ. Says
• Deals Rumor Mill: Belle, Carlyle Group, EHang
• Investors Accuse BofA, RBS Of Eurozone Bond Price-Fixing
• A Wave Of Litigation Hinges On Trump's Next Cuba Move
• Banking Startup Raises $200M, Brings Valuation to $1.5B
• Financial Sector Sees Spike In Cyberattacks, Poll Says
• Mortgage Co. Accused Of Charging For Unneeded Inspections
• 2nd Circ. Upholds $92.8M Civil Fine Against Rajaratnam
• Vannin Adds Ex-Colgate Litigation Head And More In US
• NJ Debtor Faces Skeptical Court In Bid To Revive Class Action
• Accountants, What Are They Good For? Mass. Top Court Asks
• Judging A Book: Willett Reviews 'Guilty Pleasures'
• Feds Arrest NY Man Over Role In Bitcoins-For-Cards Scheme
• KPMG's Middendorf Says He Blew Whistle On PCAOB Leaks
• CFPB Kicks Off PACE Loans Rulemaking With Call For Info
• BB&T Workers' Attys Want $9M Cut Of 401(k) Plan Settlement
• Trump Opens Door For New Lawsuits Against Cuban Cos.
• Traders Abused Barclays' Euribor Role To Rig Rate, SFO Says
• Women In Law Need Equal Treatment, Not Affirmative Action
• Ex-Barclays Forex Chief Cleared By Judge Amid Trial
• Go Slow And Steady On GSE Reform, Groups Tell FHFA Head
• SEC Fines EZCorp's Ex-CFO Over Financial Projections
• Objector To $300M Forex Fee Award Must Post Appeal Bond
• Bid To Get GC's OK Shows Deals No Crime: Ex-Barclays Exec
• CRS Trustee Wins $4.5M Clawback Against Well Fargo
• Wells Fargo Investors Reach $240M Deal Over Fake Accounts
• Chancery Sees No Reason To Hear $1B KPMG Negligence Suit
• Visible Diversity Is A Sign Of Organizational Health
• UK Litigation Roundup: Here's What You Missed In London
• Emerging FINRA Priorities Include Digital Assets, Regtech
• Sanctions Regulator Forces Banks To Tighten Up Compliance
• Simple Secrets For Writing A Killer Brief