Banking Archive » April, 2019

Banking - April, 2019

329 articles

• Trump Seeks To Sink Deutsche, Capital One Subpoenas
• 2nd Circ. Won't Revive Real Estate Mogul's $100M Libor Suit
• Film Finance Firm's Relativity Media Suit Won't Get Reboot
• SEC, FTC To Keep Targeting False Advertising, Robo-Advisers
• OCC Outlines Plan For Fintech 'Innovation Pilot Program'
• Preston Hollow Tells Chancery Nuveen Is Out To Destroy It
• TransCare Ch. 7 Trial Claims Against Tilton Pared Down
• Lieff Cabraser, Kessler Topaz Seek $23.2M For BNY Deal
• Barclays, Law Firm Force Old-Debt Fight Into Arbitration
• Missing Elements From New Cannabis Banking Bill
• Accused ICO Fraudsters Say Feds Saw Privileged Slack Chats
• Compliance Certifications Jack Up Sanctions Violation Costs
• Expense Reporting Software Biz Divvy Lands $200M Series C
• BoE Should Factor Huge Fines Into Stress Tests, MPs Told
• Citibank TCPA Suit Can't Proceed As Class Action: Judge
• NYDFS Unveils New Consumer Financial Protection Group
• Ex-Drug Co. CEO's Actions Merit $1M FBAR Penalty, US Says
• Morgan Stanley Settles Adviser Expense Suit For $10.2M
• Bitcoin 'Inventor' Accused Of Forging Email Cited In Fla. Suit
• SEC Fine Shows Bad Data Can Put The 'Risk' In Model Risk
• 7 Cos. Heat Up IPO Pipeline With Nearly $1B In Deals
• Investors Seek Cert. In Ponzi Suit Naming Sidley Austin
• Deals Rumor Mill: Allianz, Deutsche Bank, Gardner Denver
• US Bancorp Must Face ERISA Suit, Pensioners Say
• CRS Trustee Settles Wells Fargo Clawback Suit For $5M
• Eddie Bauer Reaches $10M Settlement Over 2016 Breach
• A Chat With Cleary Chief Talent Officer Hy Pomerance
• Proskauer Adds Restructuring Pro From Schulte Roth
• KPMG To Face Sanctions For Flawed Reports On BNY Mellon
• Canadian Lender Fined €1.25M For Ireland Rules Breach
• Mastercard And Visa To Slash Swipe Fees After EU Pressure
• Kickback Cover-Up Claims Cancel Time Bar, 4th Circ. Says
• Feds Eyeing Merrill Unit In Metals Trading Probe, BofA Says
• Former Tribe Members Sue Deutsche Bank Over Mortgage
• Canopy Growth's $300M Bet On US Pot Will Draw Copycats
• Investors File $2.4M Suit Over Bunk Cryptocurrency Platform
• 11 Firms To Guide 7 IPOs Exceeding $1B To Start May
• Fidelity Southern Slapped With Suit Over Ameris Merger Docs
• HSBC Gets Another Shot At Deutsche Bank RMBS Suit
• Bryan Cave Expands Real Estate Practice In NY, Miami
• Forced Arbitration Is A Far Worse 'Product' Than Jury Trials
• Abraaj Group Founder Denied Bail In US Extradition Battle
• Venable Brings Experienced Litigator To DC Office As Partner
• Allianz Buys Milan Office Towers From BNP Paribas For €83M
• Preet Bharara On The Human Factor In The Justice System
• UK Litigation Roundup: Here's What You Missed In London
• Lamps Plus Case Noted As $10M Class Arbitral Win Is Axed
• 11th Circ. Affirms JPMorgan's Escape From FCRA Suit
• HSBC Inks Deal To Repay Borrowers For Auto-Charged Fees
• Bitfinex Hid $850M Loss Using Tether Funds, NY AG Says
• CFPB Eyes Broader Exemptions For Remittance Rule
• TridentUSA Ch. 11 Plan Faces Early, Multipronged Opposition
• Former Bank Can't Sue Over Bad Rating, 7th Circ. Affirms
• Morgan Stanley Paying Calif. $150M For RMBS Lies, AG Says
• How Cos. With Cuba Ties Can Fight Helms-Burton Act Suits
• Investors In ICO Involving Rapper T.I. Told To Bring More Facts
• Equifax Investors Slam Appeal Bid In Data Breach Suit
• Japanese Bank Escapes Fine For Compliance Failings
• Ditech Borrower Files Class Action In Ch. 11 Case
• Emulex Highlights Greater Scrutiny Of Issues At High Court
• Fed's Bank Control Proposal Could Aid Fintech Investment
• 2nd Circ. Says Tribal Officers Not Immune In Payday Loan Suit
• Voya Dodges FINRA Fine After Self-Reporting Discount Flub
• Regulators Wary Of Moving Too Fast On Fintech Rules
• Deals Rumor Mill: Goldman Sachs, The Lycra Co., Delek
• Real Estate Rumors: Capital One, Charter Schools USA, Uber
• Feds Win $49K In FBAR Penalty Case Over UK Bank Accounts
• The M&A Aftermath Of High Court's Emulex Punt
• Black Diamond Asks 2nd Circ. To Restore Reduced Award
• Equifax Didn't Fix Duplicate Debts Under FCRA, Suit Says
• In SEC's Remediation Model, Hard Choices For ICO Issuers
• A Step Toward Consistent State Laws For Crypto Cos.
• Loan Provider To Pay $9M To End Investors' Stock-Drop Suit
• Class Attys Seek A Third Of $12.5M BNY Mellon ERISA Deal
• Hungry For Reg Relief? SEC, CFTC Staff Say Speak Up
• PG&E's $350M Worker Bonus Plan OK'd Over Objections
• Jury Trials, Though In Decline, Are Well Worth Preserving
• Utah Tribe Says HUD Letter Wiped Out Its Home Mortgage Biz
• Puerto Rico Fed Board Wants High Court Take On Its Makeup
• Gov't Drops Software Exec Spoofing Case After Mistrial
• Emulex Doomed By Procedural Issues In Tender Offer Case
• 2nd Circ. Presses Pause On Madoff Foreign Clawback Ruling
• Big Biz Universally Beefing Up Compliance Units, KPMG Finds
• Doc Storage Patents Abstract Under New Guidance: PTAB
• Remorse Cuts Ex-NFL Player's Fraud Term To Under 3 Years
• Abraaj Partner To Be Tried Separately From PE Firm's CEO
• Deals Rumor Mill: Centerbridge, Pampa Energia, Leong Hup
• 9th Circ. Cements DOL's $7.4M Win In 401(k) Fee Battle
• CFPB Says It Will Add More Detail To Investigative Demands
• Feds Seek $4M From Mexican Co. Accused Of Bank Fraud
• A Broader View Of The US Supreme Court Bar
• GE Mortgage Unit Opens Ch. 11 To Wrap Up Subprime Claims
• Justices Drop Emulex Appeal Over Tender Offer Suits
• Chicago Developer Can't Beat Fraud Conviction At 7th Circ.
• Great-West ERISA Class Can't Get Redo At 10th Circ.
• Creditors' Effort To Sue On Puerto Rico's Behalf Rebuffed
• NRA Says NY Regulator Is Impeding Its Lloyd's Subpoenas
• UK Man Who Stopped WannaCry Admits Developing Malware
• Big Credit Unions Ask CFPB To Relinquish Oversight
• Mortgage Borrowers Push For Committee In Ditech Ch. 11
• New FinCEN Action Is A Warning To P2P Crypto Exchangers
• Post-Lucia, It's Deja Vu With The SEC
• Feds Say Ex-JPMorgan Trader Can't 'Redraft' Rigging Case
• Investors Seek Class Cert. In US Steel Stock-Drop Suit
• FinCEN Flexes Muscle With 1st P2P Crypto Exchanger Case
• CFTC Now Allows Exceptions To Privacy Notice Requirement
• Zillow Can't Shake Amended Investor Suit Over CFPB Probe
• Wells Fargo Battles Cert. In Reimbursement Fight At 9th Circ.
• Loan Manager, 2 Fla. Cos. Charged With Hotel Wire Fraud
• Forex Dealer Can't Dodge Document Request In Rigging Suit
• Big Banks Say They Have 'No Part To Play' In Swipe Fee Suit
• Argentina Seeks To End Hedge Fund's $84M Bond Suit
• Third Abraaj Group Exec Arrested, Charged With Fraud
• UK Litigation Roundup: Here's What You Missed In London
• Madoff Trustee Fights Bid To Pause Foreign Clawback Ruling
• Online Lender Pays $3M To End SEC's Overstatement Claims
• BNY Mellon Pans Royal Park's Bid For Sampling In RMBS Suit
• Deals Rumor Mill: StockX, Deutsche, DWS
• NCUA Looks To Improve Credit Union Lending Bonus Rules
• 5 Tips For Lawyers Entering The Cannabis Industry
• 5 Times Lawyers Settled During The Big Show
• CFPB's Proposed Payday Rule Rescission Reshapes UDAAPs
• New Chancery Guidance On Books And Records Law
• Revised Digital Tokens Bill Still 'Needs A Lot Of Work'
• PG&E Using Ch. 11 To Elude Rate-Gouging Claims, City Says
• BB&T Freed From Fed Order As SunTrust Deal Beckons
• Ditech Employee Bonus Program Gets Ch. 11 Court Approval
• Fla. High Court Pulls Ruling On Atty Fees In Foreclosures
• Deals Rumor Mill: Ancestry, Advent, Acuris
• Legal Services Exec Pleads Guilty In $40M Loan Fraud Case
• 2nd Circ. Orders Hearing On Evidence In ID Theft Conviction
• The Big Picture: How #MeToo Is Changing The Legal Industry
• Justices Could Trigger Sea Change For Tender Offer Suits
• Jury Trials Are In Decline For Good Reason
• Ex-Huntington Bank Mortgage Officers Seek Cert. In OT Suit
• Abraaj Group Founder To Seek Bail In US Extradition Battle
• Fidelity Brokerage Immune From Market Case: 1st Circ.
• 2nd Gold Refinery Implicated In US Money Laundering Probe
• Libor Deal Distribution 'Problematic At Best,' NY Judge Says
• Trump Admin Expands Lawsuits Over Seized Cuban Assets
• Escape Hatch Remains For Judges Accused Of Misconduct
• Filing-Happy Law Firms Not Limited To Event-Driven Claims
• Wells Fargo Auto Repo Suit Denied Class Action Status
• CFPB Director Says Preventing Consumer Harm Is Top Priority
• FTC Can Only Seek Injunctive Relief, Credit Co. Tells 7th Circ.
• Federal Courts' #MeToo Response Is A Guide For State Courts
• Jury Deadlocks On NJ GOP Bigwig's Tax Evasion Charge
• Riding #MeToo Wave, State Courts Get Their Ships In Order
• EEOC's Lipnic On Sexual Harassment In The Courthouse
• 2 Men Sentenced To Prison For $7.2M 'Nutraceuticals' Fraud
• 7th Circ. Affirms Sentence For $179M Loan Fraud Ringleader
• Kessler Topaz Gets Committee Slot But Not Lead In Cboe MDL
• UAE Fintech Biz Gears Up For $200M IPO In London
• Venable Grows Commercial Practice With New DC Partner
• UBS Worker Fed Inside Info To Day Trader Friend, Jury Told
• 10th Circ. Won't Revive Western Union Derivative Suit
• Why I Became A Lawyer: A Circuitous Path To The Law
• PG&E Creditors' Banker Has Murky Connections, Trustee Says
• Getting Compliance Right When There Are No Regulations
• Sears Fights Lenders' Bid To Cut Off Ch. 11 Cash Collateral
• Navient Gets Green Light To Depose Ex-CFPB Official
• Employer Considerations When Using Garden Leave Clauses
• Watchdog Puts £1.3B Sub-Prime Lender Takeover On Hold
• Hogan Lovells Snaps Up UBS Managing Director In London
• Appeals Court Revives £14B Mastercard Class Action
• 10th Circ. Affirms Toss Of Seized Bank's Due Process Claims
• Wall Of Secrecy Surrounds Sexual Harassment In State Courts
• Discipline Rare For State Judges In Sexual Misconduct Cases
• E-Lender To Pay $3.85M To End FTC's Deception Claims
• Goldman Angles To Force Sex Bias Claims Into Arbitration
• CashCall Urges 9th Circ. To Toss $10M Fine In CFPB Case
• Justices Probe Private Right To Bring Tender Offer Suits
• SDNY Bench Split On Ch. 11 Release Consent Issues
• Bankers Group Backs Senate's Cannabis Safe Harbor Bill
• 9 Companies File IPOs To Bolster May Pipeline
• Ex-KPMG Partner, Regulator Fight Fraud Convictions
• Hedge Fund's Asset Transfers Blocked In $93M Bank Dispute
• Despite TurnKey, SEC Will Try To Regulate Most Digital Assets
• Judging A Book: Conrad Reviews 'The Jury Crisis'
• How Warren Bill Would Change Liability For Corporate Execs
• 2nd Circ. Wants Fed Reserve's Views In Wells Fargo FCA Case
• DOL's Overtime Rules: What To Expect For High-Paid Workers
• High Court Passes Up Ex-Hostage's Case Against JPMorgan
• Pomerantz Attys Seek $8M In Fees In Barclays Dark Pool Suit
• UniCredit To Pay $1.3B To End US Sanctions Investigations
• OMB Memo Seen As Power Play For Tighter Agency Grip
• NJ Jury Mulls Whether 'Deceit' Drove Atty's Tax Debt
• Manafort Ally To Skip Jail Time After Aiding Mueller Probe
• UK Litigation Roundup: Here's What You Missed In London
• Investor Action Against Longfin Trimmed But Kept Alive
• Puerto Rico Retiree Plan Says Banks Fixed Bond Prices
• Cannabis Banking Bill Is Promising, But Limited In Scope
• A Reminder To Address Sanctions Compliance Shortfalls
• GE Pays $1.5B To End DOJ's Crisis-Era Mortgage Claims
• Revamping Your Approach To Client Development
• SEC Has Been Busy In FY 2019
• Danish Regulator Seeks AML Probe Into EY Danske Audit
• Trump Admin Moves To Rein In Agency Guidance Materials
• Ditech Seeking Ch. 11 Sale As It Negotiates With Creditors
• NLRB OKs Banker's Firing For Foul-Mouthed Gripe
• Ex-Kessler Topaz Atty Fights Firm Over Cboe MDL Lead Role
• Former GOP House Financial Services Chair Lands At UBS
• Sanford Heisler Lures ERISA Litigator From Gibson Dunn
• Investors Request UK Depo Of Ex-Trader In Rigging Suit
• Bankruptcy Institute Wants To Relax Student Loan Debt Rules
• Blockchain Firm Seeks SEC's Blessing For $50M Token Sale
• Deals Rumor Mill: National Enquirer, Vanke, Sberbank
• Citibank Slammed With $8M Suit By NJ Debt Collection Firm
• Highlights From 'SEC Speaks' 2019
• UniCredit Says EU Has Linked It To Alleged Bond Cartel
• China Agritech Should Apply To State Class Actions
• 2 Abraaj Group Execs Charged With Looting Investor Funds
• What Lawyers Must Know Before Acting As Escrow Agents
• Bonuses, Debt Claims Probe OK'd In TridentUSA Ch. 11
• Big Bank CEOs Face Scrutiny Over Size Before House Panel
• Canada Watchdog Says Equifax Fell Short On Protecting Data
• State Regulator Kicks Crypto Exchange Bittrex Out Of NY
• Criticism Of Judges Gets Fla. Atty Referred To State Bar
• Carlton Fields Adds Digital Currency Attorney In Miami
• UAE Payment Processor Raises £1.1B In London IPO
• It's Wise To Be Wary Of Audit 'Dialogue' With PCAOB
• Brazilian Firm OK'd To Seek Docs In Bond Offering Challenge
• Feds Get 2 Weeks To Decide Whether To Redo Spoofing Trial
• Texas Securities Board Shuts Down Cryptocurrency Co.
• Credit Suisse Exec Owes Jefferies $1.5M Over Snubbed Offer
• Muni Market Anxiety Teed Up In 1st Circ. Puerto Rico Appeal
• SEC's Peirce Says 'No-Action' Relief Has Become Secret Law
• Expansive Newsweek Fraud Case Headed To Trial In 2020
• Contractor Bias Watchdog Poised To Drop First Opinion Letter
• Mnuchin Gives Boost To House Beneficial Ownership Push
• The Biggest Deals From Q1 & The Firms That Led Them
• Pashman Stein Boosts Corporate Group With Ex-Media GC
• Mistrial Declared In Ill. Software Exec's Spoofing Trial
• Freelance Attorneys Are An Asset To In-House Legal Teams
• Morgan Stanley Tax Negligence Suit Revived By 4th Circ.
• No Added Atty Fees In Nationstar Case, 11th Circ. Says
• Ex-Deutsche Boss Slapped With $300K Fine For Rate Rigging
• Varde To Manage Spanish Real Estate Assets Worth €800M
• Dealers Balk At Tax ID Request For BMW Junk Fax Settlement
• Mortgage Servicer To Pay $2M In Mass. Loan Modification Deal
• Principal Inks $1.2B Deal For Wells Fargo Retirement Unit
• Standard Chartered Pays $1B To Settle Sanctions Violations
• Fed Eyes Relaxed Living Wills, Revamped Foreign Bank Rules
• Baltimore, Philly's Bond Rate-Rigging Suits Combined
• SEC Expects Lorenzo To Extend Beyond Dissemination
• Trump's Pick Selected As World Bank President
• King & Spalding Nabs Class Action Litigator In Chicago
• Lender Settles Mass. AG's Subprime Loan Claims For $5.5M
• Ditech Ch. 11 Releases Lack Transparency, US Trustee Says
• Qatar Sues Banks For 'Brazen' FX Rig Tied To Saudi Embargo
• Jury Told Software Exec Didn't Knowingly Aid Illegal Trades
• Deals Rumor Mill: Finablr, SoftBank, Riskified
• 4 Key Tech Issues CFTC Is Tracking
• Barclays, BNP Paribas, Others Accused Of Bond Price-Fixing
• Trump Slaps Terror Group Label On Iranian Military Force
• What Commenters Have To Say About Proposed CRA Updates
• DOJ Wants More Info On Fiserv's $22B First Data Buy
• Rules For Mass. Discrimination Claims Could Get Revamped
• Enron Investors Strike Deal With Ex-CEO To End 16-Year Saga
• Software Exec's Acquittal Could Rein In Spoofing Cases
• Fed Banks Not Part of Gov't, Wells Fargo Tells 2nd Circ.
• Crypto Traders Wrestle With Export Deduction Qualification
• Tippee Gets 6 Months In BofA Insider Trading Case
• Attys Seek $6.1M Fee Award In Navy Federal Overdraft Suit
• Senate Dems Question CFPB's Oversight Of Loan Servicers
• Fla. Financier Sues UK Lender Over €20M Loan Scam
• UK Litigation Roundup: Here's What You Missed In London
• UK Financial Services See Hope In Customs Union Plan
• AGs Protest Trump's 'Illegal, Juvenile' '2-For-1' Order
• Texas Duo Convicted Of Bilking Investors Out Of $22M
• Feds To Use FISA Surveillance In Prosecuting Huawei
• TridentUSA Creditors Clash In Pre-Bankruptcy Debt Probes
• Senate Confirms Calabria To Lead Housing Finance Regulator
• Ditech Mortgage Holders Object To Planned Bonuses In Ch. 11
• Deals Rumor Mill: Deutsche Bahn, ICG, Apotex
• Senate Dems Press Fed Board Pick To Explain Back Taxes
• Squire Patton Boosts West Coast Litigation With TCPA Expert
• $3M Software Co. Deal Will Go Toward Payday Loan Judgment
• Tax Pro Returns To Fox Rothschild To Lead International Team
• The Overlooked Laws That Apply To Business Purpose Loans
• Valley National Mortgage Holder Can't Retry RICO Claims
• Real Estate Rumors: LinkedIn, Brookfield, Goldman Sachs
• Attys For BofA Customers Seek Lead In Fee Practices Suit
• 'Big Tech' Questions Echo Early Days Of US Corporate Law
• Software Exec Dodges Conspiracy Charge In Spoofing Trial
• UK Antitrust Watchdog Probes Visa's £247M Takeover Bid
• Browder Hits Swedbank With Criminal Complaint In Estonia
• Sizmek Can Pay Workers As It Fields Ch. 11 Purchase Bids
• US Bank Docs Needed For Wood Pulp Co. Deal, Court Hears
• NY Firm Escapes Claims Of Shady Debt Collection Practices
• King & Spalding Adds Stroock Insurance M&A Pro In NY
• SEC Says ICO Doesn't Need To Register As Security
• Warren Floats Bill To Expand Criminal Liability For Execs
• Attys Shouldn't Get $300M Slice Of Forex Deal, Objector Says
• Deals Rumor Mill: Allstate, UBS, Tristar
• Polsinelli Lands Finance Pro As Shareholder In Denver Office
• Private Eye Portrays Criminality As Rampant At Troubled Bank
• CRA Update Could Be Done Within Year, Top Regulators Say
• What Restitution Could Mean For SEC Enforcement Cases
• Davis Polk-Led StoneCo Prices $790M Secondary Offering
• Emirates NBD Trims Deal For DenizBank To $2.8B
• OFAC Is Raising The Compliance Bar
• Peddler Of Shell Cos. Gets Time Served For Beaufort Fraud
• CBS Credit Union Exec Charged With $40M Theft
• Housing Finance Reform A Priority, Lawmakers Tell Bankers
• CFTC Economist Says Software Creator Knew Market Risks
• Action-Packed 'No Action' Letters: Relief For Prime Brokers
• Madoff Trustee Defends $26M Clawback Suit Against Fund
• Big Banks Dig For Gold Sellers' Data In Price-Fix Case
• Baltimore Targets 11 Banks In Latest Price-Rigging Suit
• Senator Urges SEC To Toughen Shareholder Proposal Rules
• Wells Fargo Unit's Sale Didn't Ax Noncompetes, Pa. Panel Told
• A CFTC Whistleblower Award Breaks New Ground
• Samuels Jewelers Pivots To Ch. 7 After Failed Sale Effort
• Stanford Bank Demands £75M From HSBC Over Ponzi Scheme
• Peregrine Investors' Loss Suit Tossed As Time-Barred
• Lowenstein Hires Ex-Cohen Prosecutor, SEC Counsel
• Software Exec Knew Of Spoofing Scheme, Jury Hears
• Texas Atty Gets 3 Years For $5.3M Mortgage Fraud Scheme
• Allen & Overy Guide UAE Payment Processor's $3B IPO
• Investment Manager Released From SunTrust 401(k) Suit
• Ad Firm Sizmek Hits Ch. 11 After Lender Cuts Off Funds
• Equifax Investor Seeks Cert. In Data Breach Stock-Drop Suit
• Chicago Title Wins $1.45M Damages Redo In FDIC Fraud Suit
• Rate-Rigging Convictions Deliver Much Needed Win For SFO
• Highlights From 2019 ABA Antitrust Spring Meeting: Part 1
• Tom Brady's Financial Manager Failed To Repay $430K: Suit
• Fintech Cos. Should Help Create Consumer Data Regulations
• Ex-Barclays Bankers Get 4-Plus Years For Euribor Conspiracy