Banking Archive » September, 2019

Banking - September, 2019

290 articles

• BofA Takes Aim At Calif. Mortgage Escrow Interest Suit
• Dell, Goldman Sachs Pay $17M Total To End Bias Accusations
• Wells Fargo Says Ex-Trader Can't Claim Privacy On Phone Call
• TerraForm, Investors Agree To Reduce Settlement To $49M
• Fannie, Freddie Given Green Light To Retain More Capital
• Jet Pilot Gets 13 Years For $10M Cocaine Trafficking Ring
• Rakoff Triples Objector's Atty Fees In $3B Petrobras Deal
• Bank Has 2 Individuals' Tax Docs In Trump Row, 2nd Circ. Told
• Mortgage Lender Wins $1.1M In Trade Secrets Dispute
• True Wellness Requires A Deeper Look At Atty Profession
• Vague Contract Terms Do Not Always Mean The Insurer Loses
• BofA Strikes $4.2M Deal To End DOL Hiring Bias Probe
• Using Irish Treaty Funds To Avoid US Taxes In Direct Lending
• Financial Cos. Ignore Tech At Their Own Peril, Deutsche Says
• BMO Firms Pay $38M To End SEC's Conflict Of Interest Claims
• Oro Negro Sues Bondholders For Bringing Criminal Charges
• NY Attys Missed Boat To Sue Accountants, Marketer Says
• UN Report Says Fintech Is Key To Sustainable Development
• Gibson Dunn Helps Steer $162M NYC Loan To CB Developers
• Veterans Say UK Banks Clearly Linked To Terrorist Groups
• Barclays Pays $6M To End SEC's Foreign Bribery Claims
• HUD's Disparate Impact Proposal Clarifies Fair Lending Laws
• 13 Firms To Steer 6-IPO Week Dominated By Biotechs
• Offit Says Vacated $10M Judgment Undercuts Malpractice Suit
• Gov't-Backed Digital Currencies On Horizon, ING Exec Says
• Wells Fargo Gets Claims In Overdraft MDL Sent To Arbitration
• UK Litigation Roundup: Here's What You Missed In London
• 7th Circ. Says Opt-Outs Can't Undo $24M JP Morgan Bias Deal
• Huntington Bancshares Must Face Bulk Of ERISA Suit
• Pursuing Wellness
• Senate Anti-Money Laundering Bill Targets Shell Companies
• Libra May First Find Success Outside EU, US: Crypto Atty
• Recession Influenced Bear Stearns In Ch. 7 Fray, 3rd Circ. Told
• CFPB Settlement Skimped On Restitution, Dem Senator Says
• House Panel's Kramer Levin Hire Brings Heat To Trump Probe
• Kuwait Bank Launches First Boursa REIT With $329M In Cash
• Suit Alleging Korean Bank Stole €8B Tossed As 'Tall Tale'
• Cannabis Banking Bill Could Aid Tax Administration
• Chicago Wins Appeal Bid To Tax Fannie, Freddie Transfers
• Oportun Financial Raises $94M In Cooley-Led Offering
• Busy SEC Eases ETF Rules, Lets More Cos. 'Test The Waters'
• How BigLaw Is Adapting To Plaintiff-Side Litigation
• Whistleblower Initiatives Clarify CFTC Enforcement Priorities
• Brazilian Pension Seeks $66M Tied To Judgment Back Home
• NY Judge Calls Ditech Ch. 11 Plan Fair To Consumers
• Kansas City Fed Prez Defends 'FedNow' But Mum On Pricing
• Georgetown Prof. Slams 'Valid-When-Made' Rule As 'Made-Up'
• House Passes Safe Harbor For Banks To Serve Cannabis Cos.
• Principal Global Loses Bid To Dodge ERISA 401(k) Suit
• Credit Suisse Defeats Investor Suit Over Inverse VIX Crash
• Real Estate Rumors: Ytech, Penzance, Crescent Heights
• Appeals Court Revives Fired BofA Teller's Race Bias Suit
• Pursuing Wellness: A Focus On Firm Holistic Health Training
• Firms Should Stay Course Amid New Broker Standard Suits
• Why Data Sources Aren't Furnishers Under Credit Report Regs
• Judging A Book
• Equifax Breach Prompted Privacy Culture Shift: Privacy Chief
• Del. Judge Pans Magistrate's Opinion But Accepts Conclusion
• Consumers Seek $89M In Atty Fees For Robocall Class Action
• Louisiana AG Says Big Banks Rigged Gov't-Sponsored Bonds
• Fixed-Income Platform TMC Settles SEC Claims For $2.1M
• Defunct Belize Bank To Pay $23M To Exit FTC Fraud Case
• Tribe Prez Not Immune From Payday Loan Suit, Borrowers Say
• House Panel Presses SEC On Whether Libra Is A Security
• Workers' Attys Get $25M In Fees From JPMorgan ERISA Deal
• Banks Fight Bid To Apply 2nd Circ. Ruling To Bond Case
• New Claims Tie Banks To Bond Price-Fixing, Court Told
• NY AG's Bitfinex Probe Hits Another Roadblock On Appeal
• Judge Jackson Reviews 'When Should Law Forgive?'
• 11th Circ. Affirms Foreclosure Of Inyx Fraudster's Fla. Home
• Debt Collector Sent Misleading Letters, Proposed Class Says
• Republicans Press OCC For 'Administrative' Madden Fix
• Russian Man Cops To Massive JPM Hack, To Cough Up $19M
• Litigation Funder Turns Up Heat On Concussion Deal Judge
• State AGs Urge Passage Of Federal Cannabis Banking Bill
• Polsinelli Uses Stories To Lead Jack Henry To Alice Trial Win
• Ditech Says New Ch. 11 Plan Protects Consumer Creditors
• Mortgage Cos. Ask Full 5th Circ. To Revisit $298M FCA Verdict
• Madoff Investigator To Join Allen & Overy's New York Office
• Pursuing Wellness: Steps Toward A Supportive Firm Culture
• ATM Operators Seek Cert. In Visa, Mastercard Antitrust Suit
• 4 Biotech Firms Freshen Pipeline With IPOs Totaling $526M
• Schwab 401(k) Fight Belongs In Court, AARP Tells 9th Circ.
• Attys Seek $15M In Fees From $74M SunEdison Settlement
• Ex-JPMorgan Banker Again Convicted In Insider Trading Case
• Banks, Insurers Commit To Global Climate Action
• So The CFPB Says It Has A Constitutional Flaw. Now What?
• Ex-SocGen Exec Tells 2nd Circ. She's No Fugitive
• Bancorp, Execs Settle SEC Record-Keeping Claims For $1.5M
• US Hits Iran With New Sanctions, OKs Troops To Aid Saudis
• Gov't Asks To Sell Apt. To Satisfy Man's $6.5M Tax Debt
• Court Will Redo Damages Interest In Deutsche RMBS Suit
• NY Judge Knocks Hedge Fund For Flimsy DQ Bid
• Ga. Borrowers Drop Suit Against Tribe-Linked Online Lender
• Pursuing Wellness: Mental Health Education As A Firm Priority
• Rising Star: Jones Day's Courtney Lyons Snyder
• The New Frontier Of Cryptocurrency Collateral
• PR Oversight Board Defends Appointments At High Court
• UK Litigation Roundup: Here's What You Missed In London
• 2nd Circ. Reinstates Conviction Of Ex-Nomura Trader
• EU Court Strikes Down Danish Bank State Aid Ruling
• Insider Trading Ex-Goldman Sachs VP Strikes Deal With SEC
• Man Gets 4½ Years For Defrauding US In Afghan Mine Scheme
• Kessler Topaz Wins Lead Spot In 1MDB Investor Suit
• Wells Fargo Doubts Counsel's Adequacy In Mortgage Action
• Financial Groups Urge House To Back Cannabis Banking Bill
• Overfunded Plans Can Face ERISA Suits, Feds Tell High Court
• CFTC Calls For Whistleblower Tips As Enforcement Evolves
• Mexican Bank Tried To Sabotage Deal, Deutsche Bank Says
• Atty Can Sue For Fees In BNY Mellon Settlement, Judge Rules
• Pursuing Wellness: A Firm's Work With Mental Health Experts
• 2nd Circ. Sends Ex-Citi Adviser's Bias Suit To Arbitration
• Rising Star: Paul Hastings' Marisa Sotomayor
• Commodities Co. Gets OK To Seize Venezuelan Funds
• Marriott Order Good News For Cybersecurity Class Action Bar
• PayPal Again Defeats Stock-Drop Suit Over Data Breach
• SEC Joins Other Regulators In OK'ing Volcker Rule Changes
• CFPB Will Keep Consumer Complaint Database Public
• Triaxx Must Prune 2 CDOs' Portfolios After PIMCO Fight
• Bahamian Advisers Stole $35M From Investors, SEC Says
• Credit Suisse Scrambles For RMBS Win After 2 Appeal Losses
• Parties In Bitcoin 'Inventor' Case Closing In On Settlement
• Proposed Bitcoin ETF Issuers Withdraw From SEC Evaluation
• Ex-FDIC Staffer Pushes To Nix Verdict For Bank-Secret Theft
• Rising Star: Fried Frank's Adam Summers
• Judge OKs $3M Fee Bid In BNY Mellon Settlement
• House Bill Seeks To Exclude FATCA For Some Americans Abroad
• Pursuing Wellness: When A Firm Brings Counseling On Site
• SEC's Broker Bar Stance Hinges On Penalties Vs. Remedies
• MoFo Helps With $95M CIBC Manhattan Loan To Investcorp
• Dorian Update: How State Laws Protect Service Members
• JPMorgan Can Sanction Korte & Wortman For 'Frivolous' Suit
• New Evidence Can't Save Bond Price-Fixing Suit, Banks Say
• Inyx Fraudster's Wife Appeals Foreclosure By Deutsche Bank
• AARP Backs US Bank Retirees In High Court ERISA Battle
• Feds Won't Defend CFPB's Structure At High Court
• Wells Fargo Wins Early Exit From $163M CDO Fraud Suit
• Liquidation Plan Confirmed For Alleged $330M Ponzi Vehicle
• Feds Tell Jurors Ex-JPMorgan Banker's Guilt Is Obvious
• Feds' Spoofing Case Against JPMorgan Traders Turns Heads
• 3rd Circ. Revives Finder's Fee Suit Against DOE Contractor
• 2 NY Judges Doubt Ex-Goldman Coder's Double Jeopardy Bid
• Pursuing Wellness: Inside A Firm Meditation Program
• Banks Escape Suit Linking Work With Iran Gov't To Terrorism
• Raymond James Settles SEC's Improper Fee Claims For $15M
• CFPB Eyes 'Tech Sprints' To Promote Regulatory Innovation
• Rising Star: Cravath's Sasha Rosenthal-Larrea
• JPMorgan Looks To Boot COBRA Suit To Arbitration
• Visa, MasterCard Fix High Swipe Fees, Travel Cos. Say
• 3rd Circ. Axes Ex-Bank Exec's No-Contact Order During Suit
• Ex-JPMorgan Banker Stays Mum In Insider Trading Retrial
• BofA Seeks Quick Win In Countrywide Appraisal Suit
• CFTC Approves Finalized Volcker Rule Revisions
• Mishandled Loan Doesn't Warrant $3M Verdict, 7th Circ. Told
• Longfin Investors Want Another Shot At Network 1 Claims
• Stifel, BMO To Pay $4.65M Over Deficient Blue Sheet Data
• Ex-CBS Credit Union Exec Gets 14.5 Years For $40M Theft
• FINRA Fines JP Morgan Securities $1.1M For Late Docs
• Frack Co. Asks Texas Justices To Revive Atty Malpractice Suit
• Swiss Libor-Rigging Plaintiffs 'Do Not Exist,' Judge Finds
• Early Sampling Of Electronic Info Is Underutilized In Discovery
• PE-Backed Endeavor Leads 2 IPO Launches Totaling $700M
• Rising Star: Arnold & Porter's Amber Hay
• E-Trade Beats Italian Instagram Influencer's Copyright Suit
• US Says World Bank Unit Can't Be Sued Over India Coal Plant
• Facebook Exec Goes To Twitter To Defend Libra
• 3 JPMorgan Traders Accused Of 8-Year Spoofing Racket
• DOJ Can't Elude Refugees' FOIA Suit Over BNP Paribas Docs
• Ex-JPM Banker Jury Hear Recordings, But No Silver Platter
• Consumer Loan Rate Cap Gets Calif. Senate's Blessing
• Lowey Dannenberg, Scott & Scott To Lead Spoofing Suit
• Morgan Lewis Gains McDermott Arbitration Pro In Frankfurt
• France, Germany Move To Block Libra Cryptocurrency
• Taxation With Representation: Wachtell, McDermott, Latham
• CFPB Remittance Rule Fine Spotlights Cash-Transfer Conduct
• Sater Can't Arbitrate Money Laundering Claims, NY Court Told
• Russia Can't Get Out Of Crimea Bank Seizure Award
• Investors Pull Plug On BNY Mellon RMBS Trustee Suit
• UK Litigation Roundup: Here's What You Missed In London
• The Factors Courts Consider In Deposition Location Disputes
• Goldman Directors Say Fund Can't Tie Them To 1MDB Fraud
• Ex-JPMorgan Banker Was Inside Info Source, Jury Hears
• $1.15M Compass Bank TCPA Deal Gets Final Nod
• FATCA, Information Exchange Could Aid Wealth Tax Enforcement
• FTC Says Scammer In Belize Fraud Can't Tap Relief Fund
• DOJ Mulls New Guidance On Corporate Poverty Claims
• Real Estate Rumors: Thor, JPMorgan, Bridgford Foods
• Deutsche Bank's $15M Deal Is 1st In Bond Price-Fixing Suit
• Users Target Capital One Cards With Madden-Tied Usury Suit
• FDCPA Takeaways From 3rd Circ. QR Code Opinion
• Data Prep Software Co. Inks $100M In Google-Backed Funding
• High Court Snub Raises Foreign Issuer Economic Concerns
• French Finance Minister Vows To Block Libra In Europe
• What To Consider Before Filing For A Rule 57 Speedy Hearing
• US Bank Ruling Turns Plans Into 'Piggy Banks,' Justices Told
• Ex-HSBC Forex Chief's Fraud Conviction Upheld By 2nd Circ.
• Munger Tolles & Olson Nabs Ex-SEC Pro In LA
• Crypto Could Be 'Next Frontier' In Terror War, US Official Says
• 2nd Circ. Urged To Reveal Names In Bank's Trump Tax Letter
• FDIC, OCC Take Swipe At 'Unfathomable' Madden Decision
• 3rd Ex-Credit Suisse Banker Cops To $2B Mozambique Fraud
• Advisers Follow States In Challenging SEC's Broker Rule
• Japanese Banks OK'd To Announce $71M Libor Settlements
• Nevada Spousal Credit Sharing May Conflict With Federal Law
• Schwab ERISA Ruling Created Split In 9th Circ., Worker Says
• Witness To Racer's $2B Tribal Loan Scam Avoids Prison
• ERISA Arbitration In The Wake Of 9th Circ. Schwab Ruling
• Ex-KPMG Partner Gets Year In Prison For Regulatory Fraud
• Retrial Jury Hears Ex-JPMorgan Banker Shared Inside Info
• Crimeless Warrant Imperils Evidence In Check Cashing Case
• CFPB Rolls Out Innovation Policies, State Regulator Network
• No 2nd Try For Ex-Platform Owner In Stock-Loan Antitrust Suit
• Fed. Circ. Won't Revive Capital One's Antitrust Suit Against IV
• Trump Expands Counterterrorism Sanctions Authority
• Merrill Hit With $300K Fine For Spotty Transaction Records
• GOP Sens. Prod Regulators To Reform Housing Finance
• Ill. Woman Cops To Falsifying Loan Docs In Mortgage Fraud
• Why I Became A Lawyer: Expanding The Meaning Of Diversity
• Debt Collector On Hook For $267M In Robocall Damages
• Ripple Effect Of Atty's Job Hunt Touches 1MDB Case
• Ex-KPMG Partner, Ex-Regulator Can't Nix Fraud Convictions
• State AGs Sue SEC Over 'Watered-Down' Broker Conduct Rule
• Candymaker's Ch. 11 Loan Stifled By Court's Issues With Fees
• 9th Circ. Judge Doubts CFPB's $200M CashCall Demand
• Ex-JPMorgan Banker Denies Criminal Intent As Retrial Begins
• SEC Asks Judge To OK Judgment In $36M Bar Works Fraud
• Wells Fargo Fights Mortgage Class Action In Calif.
• Mass. Retailer Sues Digital Lender Over $3.2M Arbitration Win
• Real Estate Rumors: Deutsche, Walton Street, Lennar
• Public Face In FTC's Belize Fraud Case Can't Escape Suit
• Trader's Gripe About ALJ 'Irrelevant,' 2nd Circ. Judge Says
• Window Co. Wants To Shutter Wells Fargo Contract Suit
• Fiduciary Lessons From DOL's Win In Employee Stock Case
• SEC Framework Complicates Digital Asset Secondary Trading
• Wachtell, Barack Ferrazzano Lead $473M Bank Merger
• Full 5th Circ. Rules FHFA Is Unconstitutionally Structured
• Law360 Names Top Attorneys Under 40
• Luxury 'Candy Store For Grownups' Files For Ch. 11
• Fintech Charter's Fate Still In Air After CSBS Suit Dismissal
• Clearinghouse Standards Get Regulators' Selective Backing
• SEC's Fee Program Is 'Power Grab,' Exchanges Tell DC Circ.
• 9 Firms To Guide 6 IPOs Eyeing Nearly $2.2B To Start Sept.
• Court OKs $10M Deal In Morgan Stanley Adviser Expense Suit
• 7th Circ. Topples Precedent In Limiting FTC's Authority
• Creditors Slam KeyBank's Loan Terms In Payroll Firm's Ch. 11
• Treasury Caps US Money Transfers To Cuban Relatives
• 2 Firms Steer RBB Bancorp's $32.5M Deal For PGB
• NJ Ruling Does Not Bode Well For 'Stranger' Life Policies
• Longfin Creditors Sue Former Execs Over Illegal Stock Sales
• Hong Kong Exchange Inks Deal With Ping An To Grow Fintech
• Opt-Outs In JP Morgan Suit Ask 7th Circ. To Undo $24M Deal
• Ex-Goldman Sachs Banker Hit With £7.3M Confiscation Order
• Manafort Cries Double Jeopardy In NY Mortgage Fraud Case
• Trump Admin Floats Plan To Privatize Federal Mortgage Giants
• Unsolicited Bid Drives Up Syncora Acquisition To $429M
• Pa. Atty Can't Get $1.3M Fees From Ex-Partner On Brief Alone
• CFPB's Ocwen Servicing Suit Booted For Shotgun Pleading
• 2nd Circ. Revives Objector's Fee Fight In $3B Petrobras Deal
• Firm Lacks Footing For Bankruptcy Software Antitrust Suit
• NY Approves 1st-Ever Regulated Gold-Backed Cryptocurrency
• How The Wayback Machine Can Strengthen Your Case
• Skanska Selling 3 Buildings To Credit Suisse For $236M
• Danske Hires New CFO In Wake Of Money Laundering Scandal
• Ex-Wells Fargo, Morgan Stanley Adviser Cops To Bogus Fund
• Ex-Platform Owner Seeks 2nd Try At Stock-Loan Antitrust Suit
• CFPB Changes Not Impacting Work With Pa., AG Deputy Says
• Oil Bankruptcy Fights Loom As Prime Lenders Get Squeezed
• Santander Resolves Decadelong Dispute Over Tax Credits
• Robbins Geller Vying To Lead Diebold Investor Suit
• Volcker Revisions Overhaul Proprietary Trading, Compliance
• Bankrupt Hollander's $102M Sale To PE Firm Approved
• SEC Judges' Due Process An 'Empty Promise,' 5th Circ. Told
• Draft Civil Procedure Jurisdictional Rule Needs A Tweak
• Investors Land Partial Certification In Forex Suit
• CSBS Suit Over OCC Fintech Charter Tossed For Second Time
• Many Banks Beat Price-Fix Suit, For Now, But Several Remain
• Chicago Pushes To Pursue Own Claims Over Equifax Breach
• SEC Says Ex-FBI Agent Helped Bilk Investors Out Of $2.1M
• Wis. Tribal President Says He's Immune To RICO, Usury Suit
• Citizens Bank Can't Pause FLSA Trial, Pa. Judge Rules
• Perkins Coie Grows NY Office With Ex-BNY Mellon Atty
• Illicit Finance Expert Urges Tighter Regulation Of Crypto Firms
• Big Banks Want Out Of Post-Scandal Libor Rigging Suit
• Overseas Firms Ask High Court To Block Madoff Clawbacks
• Key Player In Belize Fraud Case Must Offer Docs, FTC Says
• Investor Floats $40M Deal With Banks In Libor-Rigging Case
• Hollander Drops Debt Swap In Favor Of $102M Sale
• Calif. Regulator Not Alone In Consumer Lending Concerns
• Crypto Investor Tries To Keep $224M AT&T Hacking Suit Alive
• Guggenheim Partners Taps Khuzami As Chief Legal Officer