Banking Archive » March, 2022

Banking - March, 2022

315 articles

• Wall Street Giants Beat Treasury Auction Rigging MDL, Again
• Cybersecurity Pros On Edge As Biden Warns Of Russia Threat
• SEC Refreshes Fraud Suit Against Ex-Wilmington Trust Execs
• Despite New Name, Compliance Still Key To SEC Exams Unit
• SPACs Could Face More Litigation Risks Under SEC Proposal
• Deutsche Bank Gets Suit Over $155M Ponzi Scam Trimmed
• OCC Chief Sees 'Elevated' Bank Risks Amid Ukraine Invasion
• How Mortgage Duty Of Care Opinion May Affect Calif. Tort Law
• PNC Can't Knock Out ERISA Fee Suit
• Fifth Third Directors Get Shareholder Suit Tossed
• Bankrupt Philly Hospital Can Lend $5.6M For Property Upkeep
• A $500M Fraud Case Imploded. Now A Judge Wants Answers
• Gensler Says Climate Rule Part Of SEC's Disclosure Mandate
• Norton Rose, Travers Smith Rep £1.6B Wealth Manager Buy
• Cannabis Firm Hires Ex-McCain Staffer For Top Policy Role
• Russia Sanctions Usher In New Age Of Economic Warfare
• UK Blocks £1B Forex Class Action, But Leaves Lifeline
• 5 Mediation Mistakes That Create Obstacles To Settlement
• $60M Morgan Stanley Breach Deal Not Enough, Objectors Say
• MoFo To Give Pro Bono Counsel To Zelenskyy
• SEC Warns Brokers To Act In Retail Investors' Best Interest
• 1MDB Testimony Is All But Over In Ex-Goldman Exec's Trial
• FDIC Floats Big-Bank 'Principles' For Managing Climate Risk
• House Committee Tees Up Floor Vote On Pot Legalization
• The Problem With GOP Attack On Jackson Immigration Ruling
• SEC Warns Of 'Greenwashing' In 2022 Exam Priorities Report
• A Reminder On Retaining Records Of Staff's Communications
• Navigating Ambiguities In New Cyber Reporting Law
• High Court Urged To Review SEC Judges Alongside FTC Case
• Fintech Partner Cross River Bank Raises $620M For Growth
• SEC Proposes New Requirements To Rein In SPACs
• Seneca Nation Pays $565M To End NY Gaming Revenue Clash
• K&L Gates Nabs Former Trilliant Counsel In Raleigh
• JPMorgan And Wells Fargo Dodge Flint Water Crisis Claims
• Feds Grill Ex-Goldman Exec's Wife At 1MDB Trial
• Ex-Compliance Chief Pleads Guilty In NY Ponzi Scheme Case
• Texas Woman Alleges $8M Romance Crypto Scam
• Fla. Judge Orders Gov't Reply In Ukrainian Bank Scandal
• Wash. Pot Sellers Say Inaction On SAFE Act Endangers Them
• Biotech Co.'s Creditor Wants In On $3.8M Award Dispute
• Judge Sends Parts Of $2.2M FBAR Case Back To IRS
• Democrats' Digital-Cash Bill Emphasizes Financial Privacy
• CFTC Back In Full Force After Senate Confirms 4 Biden Picks
• Traders Tell 7th Circ. Market Manipulation Wasn't Wire Fraud
• Firms Struggle With Ethics Of Repping Sanctioned Russians
• JPMorgan Can't Exit $71M Texas Storm Force Majeure Fight
• Vedder Price Ends Dispute With US Capital Over Unpaid Fees
• Burford Capital Loses Money Due To Continued Court Delays
• Last Of Biden's Fed Picks Advanced To Senate Floor
• EU Preparing Tax Law Tied To Crypto-Assets, Official Says
• House Oversight Committee Opens Credit Suisse Inquiry
• CFPB Chief Slams 'Rinse-Repeat' Enforcement For Big Firms
• Ex-Goldman Sachs Exec's 1MDB Defense Case Takes Shape
• SEC Seeks $2.1B, 400 New Staffers In 2023 Budget
• Democrats' Bill Would Require Treasury To Test Digital Cash
• White House Seeks $2.7B Budget Bump For US Treasury
• NY Banking Regulator Aims To Speed Up Crypto Licensing
• Last Defendant Faces Jury In Film Financing Fraud Case
• Biden Floats $2.6B Boost In Justice Department Funding
• Ex-Trump Official Can't Duck $10M Fraud Suit, Court Told
• SEC Proposal Would Expand Oversight Of Securities Dealers
• Exchanges Defeat Revived 'Flash Boys'-Inspired Suits
• Time May Not Solve Compliance Issues With NY Lending Law
• Citibank Says Tipster Fails On 'Barebones' Award Claim
• Firms To Seek Up To $6M For $31.5M Schwab Suit Deal In Del.
• Trump Org. Discovery In NY AG Probe Insufficient, Judge Says
• Digital Banking Biz Alkami Inks $135.5M Deal For Analytics Co.
• Law360 Reveals Titans Of The Plaintiffs Bar
• Ethics Principles Call For Justice Thomas Recusal On Election
• FDIC Ready To Push Forward On Bank Merger Policy Review
• Cannabis Data Firm Says Federal Reform A Long Way Off
• SEC's SF Chief Latest To Exit In String Of Departures
• Fed Rate Hikes Add Twists To Uncertain Debt Markets
• NY's Top Bank Cop Vows To Target 'Kitchen Table' Concerns
• Commerzbank Can't Reopen RMBS Suit
• FinCEN Head Says AML Compliance Is Key Amid Ukraine War
• Preparing For New Mandatory Cyber Reporting Rules
• UK Litigation Roundup: Here's What You Missed In London
• Law360's 2022 Banking Editorial Advisory Board
• Emerging Economic Effects From Russia-Ukraine War
• 5 Ways Law Firm Leaders Can Prioritize Strategic Thinking
• Ex-Goldman Exec Says FCPA Charge Misapplied In 1MDB Trial
• Accused Capital One Hacker Can't Beat Computer Fraud Claim
• Investors Settled More Cases Last Year, But Deal Values Sank
• Bankruptcy Court To NYC Office Tower Owner: 'Get Moving'
• SEC's Acting Exam Chief Leaving Agency After 2 Decades
• IRS Investigators Exposed $1.8B Pandemic Fraud, Office Says
• Pa. Atty Gets 3 Years For Forging Parents' Mortgage Note
• $140M USAA Deal Shows How A Bank Got Too Big, Too Fast
• Responding To CFPB Demands For Electronic Data: Key Tips
• Biden Hits Russian Legislators, Defense Cos. With Sanctions
• Anti-Bias Considerations For Finance Cos. After CFPB Notice
• Applying US Contract Law Amid Ukraine-Related Sanctions
• Paris Appeals Court Won't Revive $1.4B Claim Against Cyprus
• Rep. Waters Seeks Info On Finance Firms' Russia Divestments
• Ballard Spahr Attracts 4 Private Client Attys From Troutman
• BNY Mellon Fined €10.8M In Ireland for Outsourcing Breaches
• How Law Schools Can Navigate Toward Equity And Inclusion
• Quicken Loans Can't Ditch Suit Over Errant Email Blast
• CFPB Warns Against Trying To Manipulate Customer Reviews
• Target Wins Data Hack Coverage From Chubb In Reversal
• Bank Fired Compliance Officer Who Blew Whistle, Suit Says
• Wells Fargo Beats Claims It Aided Bitcoin Fraud Scheme
• Judge Won't Revive Attempt To Force Navient Into Ch. 11
• Where Judge Jackson Stands On Key Civil Procedure Issues
• Ropes & Gray Adds New Co-Lead For Securitization Practice
• Creditor Row Belonged In Bankruptcy Court, 3rd Circ. Told
• For The CFPB, Evaluating 'Junk Fees' May Be Complicated
• Feds Trace $35M 1MDB Kickback Trail To Ex-Goldman Exec
• SEC Climate Plan Would Unleash Flood Of Demands On Cos.
• Capitolis Raises $110M To Bolster Its Capital Markets Platform
• Dip In AML Fines Could Be Short-Lived With Russia Sanctions
• NFLer's Ex-Roommate Gets 2 Months For Insider Trading
• NJ Law Firm Fights Citibank's Dismissal Bid In Fraud Suit
• FinCEN Alerts On Sanctions Evasion Signal Shifting Approach
• Export Control Compliance Amid Stricter Russia Restrictions
• Troutman Pepper Adds 2 More Ex-Ballard Spahr Attys In DC
• Ballard Lands Consumer Finance Services Pair From Alston & Bird
• Justices Punt On Fannie Mae Out-Of-Court Foreclosures
• Trumps Ask Appellate Court To Nix Order Requiring Testimony
• Skadden Lands Ex-SEC Enforcer Who Led 1st SPAC Action
• Biden Warns Of New Russian Cyberattacks On Critical Entities
• CFPB, Chicago Lender Fail To Reach Final Redlining Suit Deal
• TD Ameritrade OKs $2.3M Deal Over Scottrade Clients' Tax Hit
• Int'l Securities Watchdog Mulls Stronger Investor Protections
• Herbert Smith Guides UK Fintech ClearBank's $231M Injection
• Catching Up With Delaware's Chancery Court
• SEC Unveils Long-Awaited Climate Disclosure Proposal
• How To Avoid Prematurely Publicizing A Case Outcome
• Ex-SEC Assistant Chief Litigator Joins Arnold & Porter
• High Court Ruling Again Not Enough To Can Robocall Claims
• NY High Court Backs Credit Suisse Unit In RMBS Appeal
• Feds Say Ex-Apple Worker Defrauded Tech Giant Out of $10M
• Russian Banks Expand Digital Services To Counter Sanctions
• Big 3 Credit Bureaus To Drop Most Medical Debt From Reports
• CFTC Tipster Gets $10M, Providing Original Info With 'Color'
• Texas Justices Say Bank Not Liable For $400K Check Fraud
• Shareholders Say Pa. Bank Lent $8M Based On Fake Ferrari
• SEC's Ripple Case Shows Limits Of Outdated Securities Test
• UK Litigation Roundup: Here's What You Missed In London
• USAA Fined $140M By FinCEN For 'Willful' Laundering Lapses
• FinCEN Puts $5M Bounty On Assets 'Stolen' By Russian Elites
• Navient Investor Class Attys Get $9.9M Out Of $35M Deal
• Iraqi Telecom Disputes Freezing Order In Lebanese Bank Feud
• Cigna And Others Cleared Of Infringing Payment IP
• FINRA Notice Aims To Clarify Compliance Chief Liability
• 'Magic Mike' Vegas Show Sues SBA Over Nixed COVID Grant
• CFPB Can Carry On With RD Legal Suit In NY
• Russia-Exposed Cos. Should Plan For Sanctions Litigation
• Regulating Crypto Shouldn't Hinge On Securities Status
• Portugal's Tax On Dividends To Foreign Cos. Illegal, ECJ Says
• It's Time To Hold DC Judges Accountable For Misconduct
• 'Dreamer' Sues Alliant Credit Union For Loan Discrimination
• Trustee Seeks OK To Sell Policies Tied To $837M Fraud
• Senate Banking Panel Backs Powell, Other Biden Fed Picks
• Hemp Co. Picked Inside Deals Over Repaying Loan, Suit Says
• Congress Seizes On Incident Reports In Fighting Cyberattacks
• MoneyGram Owes NY Regulator $8.3M For AML Lapses
• CFPB Looks To Push Anti-Bias Scrutiny Beyond Fair Lending
• Consumer Services-Focused SPAC Backs Out Of $250M IPO
• Executive Order Is First Step In Supporting Digital Assets
• Firms Fight Over 30-Day Delay Bid In Sberbank Suit
• CFTC Chair Warns Of 'Unknowns' As Ukraine Crisis Continues
• Latest Compliance Hires Reflect Surging ESG Pressures
• 2nd Circ. Doubts Madoff Investor Can Avoid $3M Clawback
• Mid-Trial Report: An Ex-Goldman Exec And 1MDB
• Garland Strengthens Public Access To Government Docs
• Regulators Aim To Keep 'Qualitative' Element In CRA Overhaul
• Husband Of 'Real Housewives' Star Sued Over $5.4M Pot Deal
• Consumer Claims Unlicensed Lender Faked Tribal Ownership
• Honest Co. Wants Investor Suit Over Diaper Sales Trashed
• DC Policy Debate On Competition And Antitrust Needs A Reset
• Florida Real Estate Roundup: Wynwood Offices, MSC Cruises
• Raskin Withdraws As Biden's Pick For Fed Supervision Chief
• What Tighter Sanctions Against Russia Mean For Companies
• Disney, Walmart Among Cos. Graded F On Pay Gap Disclosure
• 4 Ways To Preserve Confidentiality Of Litigation Funding Docs
• SEC Commissioner Lee Plans To Step Down As Term Expires
• Fugitive 1MDB Financier Made Off With $1.42B, Feds Say
• Mortgage Co. Hit With Shareholder Suit Over Lackluster IPO
• ATM Deal Objector Slams 'Mind-Boggling' $20M Atty Fee Bid
• Fifth Third Bank Inks Record $50M Deal In Telemarketing Suit
• Ore. Lender Sues Cannabis Distributor Over Unpaid Loan
• Judge OKs Alpha Latam Ch. 11 Releases, Bondholder Fee Deal
• Catching Up With Delaware's Chancery Court
• White & Case Scores Partner For Tech Deals Team In NY
• Capital One Wants To Shake Challenge To 401(k) Plan's Fees
• McGuireWoods Lures CFPB Deputy Enforcement Director
• New Judge Assigned In Foreign Gov't Bond-Rigging Case
• Remote Hearings Are Ill-Suited Default For Litigation Realities
• Manchin Says He Won't Back Biden's Fed Nominee Raskin
• Ex-JPMorgan AML Boss Says $1B Payout Was 'Concerning'
• Rabobank Fights Quick Appeal In Chicken Price-Fixing Case
• SEC Pays $14M To Tipster Who Beat Initial Claim Denial
• JPMorgan Hit With Investor Suit Over $200M Records Fine
• Fate Of Alpha Latam's Ch. 11 Plan To Be Determined Monday
• Deutsche Bank Says It Violated $80M Deal With DOJ
• ABA's New Anti-Bias Curriculum Rule Is Insufficient
• Biden Vows To End Russia's 'Most Favored Nation' Status
• No Prison For Ex-CEO Who Aided Feds' Pot Bank Fraud Probe
• Russia War Raises Global Insurers' Cyber Claim Exposure
• McGlinchey Stafford Adds Financial Services Lawyer In DC
• Griffith Davison Construction Leader Eyeing Supply, Labor
• Foley & Lardner Lures Greenberg Transactions Team In Fla.
• Ex-SEC Official Urges Regulators To Counter SPAC 'Myths'
• UK Litigation Roundup: Here's What You Missed In London
• How FinCEN Shell Co. Rules Differ From Past BSA Standards
• Fintech Lender Sues Calif. Regulator Over 36% Rate Cap Law
• 1MDB Financier Raised Red Flags At Goldman, Jury Hears
• 2nd Circ. Urged To Revive Suit After Judge's Stock Conflict
• Morgan Stanley, Goldman Sachs Archegos-Tied Suits Merged
• SEC Schedules Vote On Climate Change Disclosure Plan
• Neobank Lunar Raises $77M To Fuel Nordic Expansion
• Dechert Hires Ex-Goldman Fintech Pro From Morgan Lewis
• Credit Suisse Swept Into SEC's Employee Messaging Probe
• Davis Polk Steers Latin America SPAC's $200M IPO
• Ex-Latham Atty To Direct DOJ's COVID Fraud Enforcement
• Simpson Thacher-Led Fintech Raises $225M For Its Credit Biz
• Real Estate Rumors: Webster Bank, Mill Creek, Lennar
• Libor Transition Measure Makes Way Into $1.5T Spending Bill
• Biden Order Grapples With Crypto's Rise
• SEC Under Fire Over Shorter Rule Proposal Comment Periods
• Tester Says GOP's Fed Nominee Boycott Is 'A Mistake'
• CIM Group Provides $344M Loan For Atlanta Office Tower
• Warren, Porter Slam FINRA Reply To Arbitration Bias Claims
• DOJ's Crypto Team Signals New Era Of Enforcement
• Remote Hearings Should Be The Default In Civil Litigation
• 2nd Circ. Will Hear Goldman's 3rd Bite In Class Cert. Battle
• BitMEX Co-Founder Cops To Flouting AML Law, To Pay $10M
• Biden Orders Wide-Ranging Studies Of Cryptocurrency Risks
• Moscow Tightens Capital Controls Amid Default Warnings
• 1MDB: Ex-Goldman Exec Posed As Wife To Fool Future Wife
• Top Banking GOP Rep. Vows To Turn Up Heat On Regulators
• Feds Say Ponzi Scheme Paid Man's Atty Fees, GOP Donations
• Reviewing Risk Factor Disclosures Amid Russian Sanctions
• BitMEX BSA Case Raises Key Crypto Questions
• Attorneys Today Need To Depose Like There's No Tomorrow
• SAFE Banking Sponsor Asks Industry To Rally For Legislation
• Fla. Judge Axes EB-5 Suit Over Miami Beach Project
• Akerman Rehires Former GC Of Cannabis Co. In Fla.
• 'No Reason' To Distrust Nigeria Transfers, JPM Pro Testifies
• FINRA Fines Deutsche Bank $2M Over Order Routing Issues
• German Tax Atty To Face Trials On Cum-Ex Charges In April
• OCC's Hsu Says Climate Work Is About Prudence, Not Politics
• 5th Circ. Punts On Fannie, Freddie Investors' FHFA Suit
• Madoff Trustee Says 2nd Circ. Ruling Revives $265M Clawback
• Quinn Emanuel Taps Ex-NY Official For Digital Assets Practice
• FinCEN Urges Firms To Help Thwart Russia Sanctions Evasion
• Feds Credit Ex-Eaze CEO's Help In Pot Fraud Takedown
• 9F Seeks Quick Dismissal Of IPO Fraud Suit
• Ex-Citizens Bank Atty Takes CLO Spot At Mercury Financial
• High Court Wants Gov't Input On Ch. 13 Payments Fight
• Paul Hastings Adds Veteran DOJ Atty In Fintech Hiring Spree
• Bank Critics Flag Financial Stability In DOJ Merger Reviews
• DOJ Taps SDNY Art Sleuth In Hunt For Hidden Russian Assets
• Square Snags New GC From Amazon
• Brand Battles: Nike Aims Shot At 'Just Sue It' TM
• NYC Lender Sues Billionaire Bros. In $2.5B LA Hotel Project
• US Trustee Says Alpha Latam Plan Releases Go Too Far
• S&P Accused Of Monopolizing Use Of Securities ID Numbers
• Judge's Bank Stock Prompts Call To Revive Rigging Claims
• SEC's Lee Wants Regulators To Step Up Scrutiny Of Lawyers
• Troutman Pepper Lands Banking Regs, M&A Attorney
• Ex-Covington Atty To Rejoin Firm After Bank Risk Chief Job
• Citigroup Seeks New CCO Amid Fed-Mandated Risk Reorg
• Robinson & Cole Grows In NY With 3-Atty SPAC Team
• SEC Strikes $5.5M Deal With VC Firm, CEO Over Fund Fees
• How Crypto Cos. Might Move Forward After BlockFi Settlement
• Switzerland Follows EU's Russia Sanctions And SWIFT Ban
• UK Antitrust Agency Probing LSE's £274M Quantile Deal
• NY AG Agrees To Delay Trump Depositions In Business Probe
• Ex-Goldman Exec Says Boss Faked Relationships For Gain
• LA County Must Face Homeowners' Due Process Claims
• Wilmington Trust Administration Suit Falls Short At 3rd Circ.
• Rabina Lands $540M In Financing For NYC Tower Project
• Bottling Co. Says It Was Swindled By Bogus $55.3M Loan
• US Hits Russian 'Elites,' Propaganda Outlets With Sanctions
• Powell Calls For 'Strong' Crypto Regs Amid Sanctions Worries
• Veteran SDNY Prosecutor To Lead DOJ's Oligarch Task Force
• Class Seeks Bond-Rigging Suit Redo After Judge's Recusal
• Md. Law Firm Hit With Legal Malpractice And Racial Bias Suit
• Ukraine's PrivatBank Gets Chancery Filing Delay Due To War
• Fed. Circ. Overrides NY Court In Mastercard Estoppel Dispute
• People's United Bank, Ex-Workers Agree To End Bias Suit
• SEC, NY Adviser Strike $30M Deal Over Fee Disclosure Issues
• CFTC Nominees Sail Through Senate Confirmation Hearing
• DOJ Launches Crackdown To Enforce Russia Sanctions
• PayPal Faces $5M Suit Over 'Buy-Now, Pay-Later' Product
• 9th Circ. OKs Bankrupt Couple's Mortgage Interest Deduction
• Capital One Hacking Suspect Can't Shake Wire Fraud Charge
• Treasury Urges Crypto Exchanges To Get In Line With BSA
• 8 Firms Guide Blank-Check Co. Trio For $525M In IPOs
• BNY Mellon Can't Escape Fund 'Channeling' Suit
• NY Seeks Blockchain Analytics To Combat Sanctions Evasion
• Iraqi Telecom Says Freezing Order Needed In $100M Case
• Sens. Urge US Treasury To Monitor Russia's Crypto Use
• Powell Says Fed Is On 'High Alert' For Cyberattacks
• 3rd Circ. Looks Askance At US's Bank Evidence In FBAR Fight
• People's United Bank Escapes Ga. Payment Biz Referral Suit
• EU To Ban 7 Russian Banks From SWIFT Starting March 12
• Sberbank European Unit Shuttered After Depositors Pull Out
• Major Crypto Exchanges Won't Ban All Russian Transactions
• 2 UK Men Indicted In $99M Wine-For-Loans Scam
• Insurer Says Bank Swept Out $1.5M Meant For Subcontractors
• IPO Market Appears Stalled For The Near Future
• Ex-Goldman Exec Says Pal Urged Kushner To Nix 1MDB Probe
• SEC Asks For Default Win In Goldman Insider Trading Suit
• Oportun Says Its Banking Platform Faces CFPB Probe
• Tesla Blasts JPMorgan's Bid For Early Win In $162M Suit
• 7th Circ. Asked To Revive Loan Foreclosure RICO Suit
• CFPB Chief Warns Of 'Weaponized' Medical Debt Reporting
• FINRA Says Broker Earned 'Secret' Comp On $10M Fundraise
• ATM Antitrust Plaintiff Law Firms Seek $20M In Legal Fees
• How Attorneys Can Ethically Terminate A Client Relationship
• Aussie Bank Sells 10% Stake In Chinese Peer For $1.3B