Banking Archive » June, 2019

Banking - June, 2019

315 articles

• Bitcoin 'Inventor' Can't Access Coins Requested In $10B Suit
• High Court Census Ruling Could Escalate Rule Challenges
• Conservative Justices Cross Over To Create Unusual Lineups
• The Biggest Securities Decisions Of 2019: Midyear Report
• Warren Probes JPMorgan's Return To Cardholder Arbitration
• The Sharpest Dissents Of The Supreme Court Term
• Investors Want Bond Price-Fix Suit Against Banks To Proceed
• Time To Settle CFPB Constitutionality 'Is Now,' Justices Told
• 7th Circ. Revives Claims Against Student Loan Servicer
• Deals Rumor Mill: Morgan Stanley, Dr. Martens, BASF
• Sotomayor, Breyer Vie For Chattiest High Court Justice
• Top 10 Techniques For Crafting A Dazzling Brief
• A Dramatic 6 Months For OFAC Sanctions Enforcement
• Attys Seek $68M Award In Wells Fargo Fake Account Suit
• What The Howey Test Misses About Crypto Assets
• High Court Will Weigh Dispute Over Bank's $4M Tax Refund
• Inside The New Anti-Money Laundering Guidance For Attys
• The Funniest Moments Of The Supreme Court Term
• High Court To Hear Retirees' Challenge To US Bank ERISA Win
• UK Litigation Roundup: Here's What You Missed In London
• The New 'Roberts Court' Finds Its Footing
• Ex-Banca IMI Securities Exec Pleads Guilty To Bid Rigging
• Fed Satisfied With 'Virtually All' Big Banks' Capital Planning
• Breaking Down The Vote: High Court Term In Review
• FDIC Streamlining Big-Bank Oversight With New Unit Launch
• US Bank's Bid To Quash ERISA Suit Denied
• Mortgage Co. Can't Escape Ex-Workers' Sex Harassment Suit
• The Firms That Won Big At The Supreme Court
• Ex-Equifax Exec Gets 4 Months For Trading On Data Breach
• Indian Man Charged With Drug Smuggling, Money Laundering
• State Street Settles SEC's Overcharging Claims For $88M
• Banks Oppose Class Cert. In Interest Rate Swaps Suit
• Synchrony Financial Tries To Duck Suit Over Walmart Fallout
• Deals Rumor Mill: DraftKings, Nissan, Blackstone
• SEC Chairman's Chief Of Staff To Rejoin WilmerHale
• Merrill Lynch, Morgan Stanley Hit With Spoofing Class Action
• Fla. Man Can't Shield IRA In Bankruptcy, 11th Circ. Says
• Firm Illegally Collecting On $43M In Overdue Loans, Suit Says
• Manafort Pleads Not Guilty To Mortgage Fraud Charges In NY
• The Challenges Of Replacing Interbank Offered Rates
• Ex-UBS Worker, Day Trader Get 3 Years For Insider Dealing
• 2nd Circ. Ponders Lehman 'Mistake' Claim In Safe Harbor Suit
• Fla. Homeowner Can't Get Atty Fees For Beating Foreclosure
• Labaton Chair Decries 'Unfair' Criticism Of Firm's Political Ties
• Indian Banks Can't Skirt $216M Clawback, Essar Trustee Says
• US Bank Hits BofA With Buyback Suit Over $1.6B RMBS Trust
• Wiley Rein Nabs Former Federal Prosecutor
• 2nd Circ. Iffy On Goldman 'Re-Fight' Of CDO Class Cert. Issues
• Deals Rumor Mill: Magellan, HDFC Bank, Everest Medicines
• Debt Collector Sued Over Medical Provider Data Breach
• Philly And Citibank Resolve Libor-Rigging Claims In MDL
• Regulation Best Interest: Investors Are The Losers
• Feds Dragging Feet On Loan Cancellation Bids, Students Say
• Rate Requests Out Of Context, Ex-Deutsche Banker Testifies
• A Chat With Ballard Spahr Diversity Chief Virginia Essandoh
• Ex-UBS Worker Convicted Of Another Insider Dealing Charge
• Merrill Lynch Admits Spoofing, Settles US Probes For $36.5M
• FTC, States Crack Down On Robocallers With 94 New Cases
• Attys Urge CFPB To Clarify 'Abusive' Standard With Guidance
• Split 9th Circ. Revives Suit Over Depositor's Ponzi Claim
• Thornton Atty Admits To 'Stupid Mistake' In State Street Case
• Misconduct Allegations Trumped Up, Fla. Regulator Claims
• Outside Personal Injury Firm Faces Swipe-Fee Deal Ejection
• Big-Fish Investor Calls $50M Premium Point Loss 'Shocking'
• Deals Rumor Mill: Magellan, Miniso, Woodford
• Judging A Book: McMahon Reviews 'Roosevelt For The Defense'
• Citizens Bank Can't Break Up Loan Officers' FLSA Collective
• NYSE And Nasdaq Claim SEC Official 'Tainted' Fees Ruling
• SEC's Peirce: Private Offerings Discriminate Geographically
• Subcontractors Can't Get Maritime Lien, High Court Told
• Mt. Gox Investor Beats Dismissal Bid But Drops Suit Anyway
• Ex-UBS Worker, Day Trader Convicted Of Insider Dealing
• UK, US Watchdogs Crack Down On 'Opportunistic' Defaults
• $75M Fee Award In State Street Row Faces Judge's Scrutiny
• Borrowers Reach $12M Deal In 3 Tribe-Linked Loan Suits
• Feds Spar With UBS Over Crisis-Era RMBS Fraud Suit
• Trump Hits Iran With New Sanctions Following Downed Drone
• Japan's Largest Bank To Pay NY $33M Over AML Dispute
• Class Certified In Conn. Crypto Mining Ponzi Case
• FTC Wins Bids To Shut Down Jury Trial In Belize Fraud Case
• Ex-Deutsche Banker Denies Role In Euribor-Rigging Ring
• 5 Lessons From JPMorgan's Parental Leave Litigation
• Central Banks Fear New Risks From 'Big Tech' Currencies
• A Deep Dive Into New CFPB Debt Collection Rules: Part 2
• Lloyds Freezes Offshore Jersey Accounts In AML Move
• Biggest Banks Sail Through Dodd-Frank Stress Tests
• Lacewell Confirmed As NY's Top Financial Services Regulator
• Scammer Can't Cut Jail Term Over Supposed Broken Plea Deal
• Chancery Suit Over $1.4B Fintech Deal Survives Dismissal Bid
• Chancery OKs $7.9M Fee For Investors Bancorp Class Attys
• JPMorgan Adds Benefits For Nontraditional, LGBTQ Families
• JPMorgan Workers' $1.85M Wage Deal OK'd After Update
• DOJ Indicts 4 As Go-Betweens In Mass Mail Fraud Scheme
• Mortgage Lender To Pay ResCap Trust $23M In Atty Fees
• TD Bank, Investors Ink $13M Deal To End Stock-Drop Suit
• New Patterns In Anti-Money Laundering Enforcement
• UK Litigation Roundup: Here's What You Missed In London
• Confusion In SEC Conduct Standard For Investment Advisers
• A Deep Dive Into New CFPB Debt Collection Rules: Part 1
• Ex-Barclays CEO Acquitted, Others Face Retrial In SFO Case
• FCA Fines Bank of Scotland £45M Over Fraud Scandal
• Senate Confirms New SEC Commissioner
• Facebook's Libra Unveiling Spurs Regulatory Uncertainty
• Deals Rumor Mill: UnitedHealth, Fortress, Chevron Phillips
• Late QuadrigaCX Founder Mismanaged Crypto, Report Says
• Small Biz Wary Of FinCEN Ownership Info Registry
• Third Witness Implicates Fund CEO As Gov't Heaps Evidence
• Justices To Decide If Puerto Rico Oversight Board Is Legal
• Fintech-Focused South Mountain Prices Upsized $225M IPO
• Facebook's Libra Prepared To Counter Privacy Concerns
• Target Cardholders Ink $8M Deceptive Marketing Deal
• Chase Ducks Late Reinsurance Kickback Suit At 3rd Circ.
• Huawei Judge Will Hear Sidley Atty DQ Bid In Fall
• Mass. Regulator Ready To Rumble On SEC Broker Standards
• BofA Workers' Suit Crumbles; Judge Slams 'Silly' Calif. Law
• Real Estate Rumors: Goodman, Starwood, TA Realty
• Mass. Securities Regulator Examining Cannabis Investments
• Feds Say HSBC Holding Out On Key Docs In FIRREA Case
• MoneyLion Accused Of Making Illegal Loans To NC Borrowers
• CitiMortgage To Pay $7.8M In Calif. Escrow Interest Deal
• Wells Fargo Must Face Claim It Inflated Atty Fee Request
• Credit Suisse Hit With Disclosure Fine In Hong Kong
• Traders' Euribor Messages Were 'Inappropriate,' Jury Told
• Danske Bank, Ex-Execs Want Suit Over Estonia Scandal Axed
• Key Differences In Nev. And Calif. Data Privacy Laws
• Trump Urges 2nd Circ. To Freeze Financial Record Subpeonas
• FHFA, Wells Fargo Agree To Put Suit Over $1B RMBS On Hold
• Exchanges Want Another 2nd Circ. Look At 'Flash Boys' Suits
• Wedbush To Pay $8.1M To Settle SEC's ADR Handling Claims
• Facebook's Cryptocurrency Immediately In Legislators' Sights
• Edward Jones Wants Ex-Trainees' Wage Suit Axed For Good
• Wells Fargo Dodges Philly, Baltimore Bond Rate-Rigging Suit
• Debt Collection Co. Files Ch. 11 After Health Data Breach
• DC Circ. Upholds SEC's Pay-To-Play Rule Over GOP Protest
• Challengers Seek Partial Win Over Trump's '2-For-1' Order
• Samarco Escapes Investor Suit Over Deadly Dam Collapse
• A Look At China's New Cybersecurity Guidance
• Suspect Says US Can't Charge Him With $2B Fraud In Africa
• Financial Services Regulation For Fintech Companies: Part 2
• Ebix Looks Toward IPO For Indian Financial Exchange Unit
• UK Gov't Settles £1.25B Iranian Bank Claim Over Sanctions
• 9th Circ. Judge Asks Litigants, 'What's Left To Fight Over?'
• 5th Circ. Sinks $65M Stanford Insurance Scam Deal
• BofA Workers Seek To Certify Class Of 33K In Wage Row
• Shearman Threatened With Ethics Referral In SunEdison MDL
• Chase OK'd Premature Mortgage Payments, Homeowners Say
• Bracewell, Shapiro Bieging Lead $2.1B Bank Merger
• Goldman Free From Pact To Feed IPO Shares To TD, Schwab
• 5 Ways Law Firms Can Improve Their Job Interviews
• Financial Services Regulation For Fintech Companies: Part 1
• High Court Won't Hear Estate's $41M Cash-For-Stock Tax Row
• Iceland Gets World's 1st E-Money Blockchain License
• SEC Fines KPMG $50M For Stolen Watchdog Info, Cheating
• LeClairRyan Loses Banking Partners In Boston, NY
• Charles Schwab Can't Arbitrate ERISA Claims, 9th Circ. Told
• States' Model Payments Law May Ease Entry For Fintechs
• Quicken Loans To Shell Out $32.5M To End FHA Loans Suit
• Indicted NY Real Estate Mogul Avoids SEC Asset Freeze
• CFPB Suit 'Prime Example' Of Bureau Unbound, 2nd Circ. Told
• PNC Accused Of Stiffing Call Center Workers On OT
• BNY Mellon Must Face Pa. Class Suit Alleging Self-Dealing
• ITT Tech Lending Arm To Forgive $168M In Student Loans
• Fla. City Tries To Revive Mortgage Suit Against Wells Fargo
• Wall Street Lobbyists Slam New Jersey's Fiduciary Duty Plan
• Arent Fox Guides FCP's $118M Philly Apartment Complex Deal
• EU Financial Transaction Tax Deal Likely By Fall
• Banks Look To Deal Knockout Blow In Bond Price-Fix Suit
• What To Expect When You're Expecting The End Of Libor
• UK Litigation Roundup: Here's What You Missed In London
• China-Owned NY Broker-Dealer Admits To Antitrust Violation
• TD Bank Inks $70M Deal In Overdraft Fee MDL
• SEC Concerned Over Maturity Of Cryptocurrency Markets
• Credit Suisse Asks Appeals Court To Rein In $1B RMBS Trial
• Judge OKs Lenders' $231M Deal In GM Clawback Suit
• Chipotle, Customers Seek Approval Of Data Breach Settlement
• NY Regulator Looks To Extend Deutsche Bank Monitorship
• DLA Piper Snags Finance Partner From Morrison & Foerster
• Fla. Law Firm Created Negligent Transaction Docs, Suit Says
• SEC Seeks Court Approval Of $1.5M Brokerage Fraud Deal
• RD Legal Funding Seeks Exit From NY AG's Usury Suit
• Crooked Fund CEO Demoted Me, Finance Pro Tells Jury
• The State Of Article III Standing 3 Years After Spokeo
• Retailers Should Stay Away From Cryptocurrency
• Banks Feeling The Heat Over Fintech Partners' Cyber Risks
• What's Ahead For LGBTQ Rights Legislation
• Feds Roasted On Proof In CEO's $3M Bank Fraud Conviction
• Women Fight Goldman Sachs' Arbitration Bid In Bias Suit
• JPMorgan 401(k) Plan Participants Win Cert. In ERISA Suit
• Another Iranian Military Force-Related Co. Sanctioned
• Mass. Judge Doubts FCA Suit Survives With Only Public Info
• FINRA Suspends Ex-Merrill Adviser Over Crypto Mining Plans
• Santander Debt Collector Can't Shake TCPA Autodialer Suit
• Home Lending Cos. Back Tribe In HUD Mortgage Battle
• Wyden Vows To Hold Treasury Picks Over Trump Tax Request
• Debt Collector Must Give Class 2nd TCPA Payout, Judge Says
• How A Small Bank's Fed Account Quest May Impact Fintechs
• Jailed $2B Loan Scammer Doubles Down On Tribal Defense
• Investors Ask 11th Circ. To Revive Ocwen Omissions Suit
• Raymond James To Pay $15M To Settle Hidden-Fee Claims
• Senate Dems Want Answers On Fintech Algorithm Bias
• Why I Became A Lawyer: A Fateful Phone Call
• Germany Wants 0.2% Minimum EU Financial Transaction Tax
• Law Firms Can Do Better With Their Mentoring Programs
• Lender Can't Arbitrate Calif. Consumers' Loan Shark Suit
• Treasury Blacklists Syrian Luxury Developer For Assad Ties
• TridentUSA, Silver Point Seek End To Refinancing Challenge
• Naspers Unit PayU To Drop $165M For Turkish Payment Biz
• Payments Co. SpotOn Transact Nabs $40M In Funding
• High Court Asked To Decide If Puerto Rico Fed Board Is Legal
• Objectors Fighting Swipe Fee Counsel's $604M Payday
• What To Know About New CFPB Investigative Demand Policy
• Investors Have Slim Legal Path When Digital Coins Vanish
• Ex-Citigroup Exec's Latest SPAC Aims For $400M IPO
• PacWest Loans $121M For Florida Mixed-Use Project
• H&R Block Inks $405M Wave Financial Buy
• Ex-Deutsche Banker Helped Rig Euribor For Profit, SFO Says
• 6th Circ. Says Liquor Store Not Liable For Card Breach Costs
• Consumers Ask To Combine Tribe-Linked Usury Suits
• Ex-Goldman Sachs VP Gets 3 Months For Insider Trading
• Royal Park, Deutsche Bank Bring RMBS Trustee Suit To End
• NY Town Settles SEC Suit, Agrees To Retain Consultant
• UK Co. LendInvest Securitizes £259M In Mortgage Loans
• Manatt Opens Boston Office With Ex-Holland & Knight Partner
• Swipe Fee Counsel Seek $604M In Fees, Final Settlement OK
• BofA Customers Strike $5M Deal In Overdraft Fee Battle
• The Latest Developments In Criminal Cases Against Execs
• 'Rocket Docket' Justifies Its Name For 11th Straight Year
• Banking Platform Biz Alkami Scores $55M Fundraise
• Wisconsin Tribal Lender Slammed With RICO, Usury Lawsuit
• SEC Nabs $26M From Longfin Affiliates Over Stock Sales
• Mass. Foreclosure Ruling Offers Lessons For Lenders
• Ex-Deutsche Bank Exec Faces Euribor-Rigging Trial In London
• Western Union To Pay $400K For Biz With Sanctioned Market
• Calif. Firm Will Ask Justices To Review CFPB Constitutionality
• DOJ Rebukes 'Absurdly Overbroad' Doc Request In UBS Suit
• Latham Adds Crowell & Moring Fintech Duo In DC
• Fintech May Impact Financial Stability, For Better Or Worse
• UK Litigation Roundup: Here's What You Missed In London
• Fugitive Loan Broker Gets 9 Years, Ordered To Pay $15.3M
• Battle Not Over In NJ After 'Stranger' Life Policy Ruling
• Wells Fargo Reaches $394M Deal To End Auto Insurance MDL
• CFPB Delays Compliance Date For Key Part Of Payday Rule
• Miami's BofA Win Opens Door For Chicago Claims, Court Told
• LendingClub Pushes Back At Investors' Hidden-Fee Suit
• What Securities Pros Need To Know About SEC Data Analytics
• Bankruptcy Tech Co.'s New Owner Kept Up Scam, Client Says
• 11th Circ. Won't Revive Ponzi Victims' Suit Against JPMorgan
• FTC Fights Bid For Jury Trial In Belize Property 'Scam' Suit
• NY Appeals Court Won't Revive Brazil Investment Profits Suit
• Snoop Dogg-Backed Pot Co. Accused of Conning Credit Cards
• Action-Packed 'No Action' Letters: Nontransparent ETFs
• BofA Says Plaintiff Firm Is Harassing Its Workers In OT Battle
• Accountant Pleads Guilty To Role In $550M Ponzi Scheme
• Closed UCC Sale Can't Be Unwound, NY Appeals Court Says
• Fintech Co. Q2 Raises $458M In Upsized Stock, Debt Offerings
• Cryptocurrency In For More Anti-Money Laundering Scrutiny
• Longfin, CEO Owe $313K Penalty Over Stock Sales, SEC Says
• Does The OCC's Sandbox Substitute Have A Fatal Flaw?
• SEC Sues Over Alleged $2.2M Bank Guarantee Fraud
• China's Amended Investment Law Leaves Some Details Vague
• Wells Fargo, KeyBank Duck Suit Over Nixed Real Estate Deal
• Feds Defend Raids On Ex-Locke Atty In Crypto Scam Case
• Measuring The Value Of A Law Firm's Social Media Efforts
• 5 Banks Fined $91M Over Forex-Rigging Claims
• Digital Payments Deal-Making Shows No Signs Of Slowing
• EZCorp Reaches $4.9M Deal To End Overstated Income Suit
• CFPB Fines Freedom Mortgage $1.75M For Bad Data
• 5-Nation Tax Crime Group Cites Progress In Joint Crackdown
• FCC Thinks Ex-Bank Fraudster Controls Radio Station Group
• SEC Punts On Whether Reg BI Preempts State Fiduciary Laws
• SEC Approves New Broker Standards Despite Objections
• 2nd Circ. Wants Injunction Rewritten In Trade Secret Dispute
• Ex-Allen & Overy Treasury Official Confirmed As CFTC Head
• Mintz Hires State Street Anti-Money-Laundering Exec
• DLA Piper Steers Q2 Holdings Follow-On Offering
• Feds Left Employer In Dark About Embezzler's Past, Suit Says
• 1 Global Ex-CEO Has No Defense In $287M Suit, SEC Says
• Prosecutors Say Ex-UBS Officer, Trader Lied About Meetup
• Ex-Goldman Analyst Links Firing To Homophobia Complaints
• Wells Fargo Seeks To Avoid Trial In CDO Fraud Suit
• Subprime Giant NSF Drops £1.3B Hostile Bid For Rival
• Bank Of England Calls 'Last Orders' On Troubled Libor
• Rosen Law's $1.2M Fee Bid Cut In State Street Case
• CRA Modernization Talks 'Productive,' FDIC Head Says
• Barnes & Thornburg Hires 2 Former Prosecutors In San Diego
• Pulp Maker Wants Discovery Order Axed In Bond Offering Row
• Former Credit Union CEO Gets 5½ Years For Embezzling $10M
• Lead Attys In Santander Investor Case Secure $3.1M In Fees
• Questions Loom Over Broker Standards Ahead Of SEC Vote
• Stranger-Funded Life Policies Are Invalid, NJ Justices Say
• M&T Gets Another Shot To Nix Securities Suit At 3rd Circ.
• Subsidiary Bank Should Get $4M Tax Refund, Justices Told
• Airtel Africa Seeks To Raise $750M In London IPO
• Fintech Co. Biz2Credit Snags $52M In Funding Push
• FHFA Sues Wells Fargo Over $1B In Mortgage Bonds
• Homeowner Claims Ditech Collected Discharged Fees
• Banks Win Access To Claim Forms In Libor-Rigging Suit
• Trader Gave Ex-UBS Officer 'Glamorous' Life, Jury Hears
• 3rd Circ. Skeptical Of Arbitration In Ex-Citigroup Exec's Suit
• Trump Squeezes Cuba With New Travel Restrictions
• Do Fines Really Discourage Banks From Breaking The Law?
• Collateral Descriptions May Need More Specific Drafting
• Ex-JPMorgan Forex Trader Stuck Facing Conspiracy Charges
• Banks Must Take Libor's End Seriously, Fed's Vice Chair Says
• Davis Wright Tremaine Grows DC Financial Services Group
• RBS Loan Officers Launch 2nd Class Cert. Bid In OT Suit
• Chase Bank Hit With Credit Card Interest Class Action
• King & Spalding Adds Finance Pros In NY, Chicago
• High Court Won't Review NJ Fraud Foreclosure Case
• The Aftermath Of High Court's Class Action Removal Opinion
• Russian Suspect In Massive JPM Hack Is In Plea Talks
• Inside The Legal Battle For The Future Of Fintech
• FCA Investigated Trader's Citigroup 'Source,' UK Jury Told
• 15 Minutes With Western Union's General Counsel
• The Uncertain Future Of Gov't Investigations Post-Deutsche