Banking Archive » November, 2022

Banking - November, 2022

296 articles

• DOJ Official Says More FCPA Cases At Hand, Defends Record
• Biden's Top FDIC Pick Draws GOP Ire Over Board Power Play
• CFTC Urges 2nd Circ. Redo Of Yen Libor-Rigging Suit
• FTX Founder Ignores Legal Advice For Spotlight At NYT Event
• FDIC Alum, Ex-Comerica Atty Joins Bradley Arant in Dallas
• SEC Extends Enforcement Deadline For Beefed-Up OTC Rules
• SEC Enforcement Numbers Show Shift To High-Impact Cases
• Brown Tells Treasury FTX Fall Shows Need For Crypto Laws
• Regulatory Snags Doom State Street's $3.5B Investor Biz Deal
• IP Holder Dings Taco Bell In Latest Round Of Patent Suits
• 2nd Circ. Orders BIA To Rethink Nigerian Convict's Removal
• Lender Says Chicago Tower Owner Must End Ch. 11 Disputes
• Bank Group Pushes Senate For Bill To Serve Cannabis Clients
• Ex-Ga. Atty Gets 2 Years Prison In $40M Fraud Case
• Trader Bids To Overturn US Extradition For Insider Trading
• Ex-Venezuelan Official Says He Made $1B From Money Trades
• FTX Founder Facing Investigation By Texas Securities Board
• Celsius Ex-Partner Rebuffs 'Stolen' Crypto Claims
• New OCC Policy On Fines Tweaks Enforcement Carrots, Sticks
• NY Nursing Home's Neglect Tied To Patient Deaths, State Says
• Opendoor Faces Investor Suit Over 'IBuying' Real Estate Tech
• Senate Dem Grills Crypto Exchanges In Customer Safety Push
• Bill For Tougher AML Rules On Attys Faces Senate Opposition
• BlockFi Blames FTX Failure, Loan Defaults For Its Ch. 11
• Patent Biz Cuts Deal With BofA To Resolve ATM Suit
• Ex-Bolivia Official's Plea Shows DOJ's Shifting FCPA Posture
• Republic Bank's Ex-CEO Sues Over 'Vindictive' Ousting
• HSBC To Sell Its Canada Business To RBC For $10B
• Epstein Accusers Bring New Suits Against Banks, Leon Black
• Credit Suisse Fights Investors' 'Hodgepodge' Forex Retrial Bid
• Crypto Co. Kraken Fined $360K For Iran Sanctions Lapses
• Justices Told To Pass Up $92M Racketeering Suit
• The Dangers Of The SEC's 'Hotel California' Docket
• Catching Up With Delaware's Chancery Court
• NJ Real Estate Atty, Developer Admit To $3.5M Mortgage Fraud
• Real Estate Rumors: Goldstar, Murrs, Brookfield
• BlockFi Succumbs To FTX Exposure, Files For Ch. 11
• Law Schools Are Right To Steer Clear Of US News Rankings
• Morgan Lewis Adds Citibank, Davis Polk Attys As Partners
• How Firms Are Getting The Most Out Of Their Pro Bono Work
• The 2022 Law360 Pulse Social Impact Leaders
• UK Litigation Roundup: Here's What You Missed In London
• Investor Sues Lakeland Over 'Super-Community Bank' Plan
• CFPB And NY Settle Suit Alleging RD Legal 9/11 Fund Scam
• FTX Pledges Better Books, Celsius Faulted For Asset Mingling
• The Rise And Fall Of FTX: Timeline Of The Collapse
• 4 Takeaways From DOL's Socially Conscious Investing Rule
• Underwriters Must Beware Small-Cap IPO Fraud
• Feds Falsely Brand Tornado Cash A Security Risk, Suit Says
• Investors' Fannie, Freddie 'Net Worth Sweep' Suit Gets Tossed
• 4 Firms Vie To Lead Suit Against Barclays Over $17.6B Error
• Litigation Funders Seek Transparency In Disclosure Debate
• Miami-Dade Asks Bankruptcy Court To Allow End To FTX Deal
• German Authorities Raid 2 Frankfurt Banks In Cum-Ex Probe
• Credit Suisse Shareholders Approve $4.2B Cash Call
• Biden Lengthens Student Loan Pause Amid Court Challenge
• Goldman Sachs Hit With $4M SEC Fine Over ESG Policies
• Insurer Avoids Fla. Yacht Club's Cyberfraud Coverage Suit
• Turkey-Owned Bank Immune From Prosecution, Justices Told
• FTX Pledges Management Turnaround In First Ch. 11 Hearing
• Co. Not Covered For Stimulus Check Scheme, Travelers Says
• Cos. Should Start Thinking About IP Protection For Quantum
• US Says Ukrainian Money Laundering Suit Should Proceed
• Ex-Neustar Exec Sues For Fees Incurred In Trump's RICO Suit
• Court OKs $53.2M In Atty Fees In Capital One Data Breach Suit
• Metaverse Game Investing Is High Risk With Little Regulation
• Chinese Billionaire Accused Of Harassing Ch. 11 Foes
• Trump Bid To Toss AG Suit Rehashes Failed Args, Judge Says
• 5 Principles For Better Professional Development Programs
• Senate Dems Call Out SoFi Over Its Retail Crypto Business
• Feds Say Estonian Duo Ran $575M Crypto Mining, Bank Scam
• BMO Harris Bank Seeks Delay Of $563M Ponzi Scheme Verdict
• FTX Creditors List Shows Top 10 Are Customers Owed $1.4B
• Promoter To Pay SEC Over Alleged $295M Crypto Ponzi Scheme
• Chrisleys Sentenced To Prison In $36M Bank Fraud Case
• What To Pay Attention To In FTX Fraud Probe
• RBS Whistleblower's Award Fight Denied High Court Review
• Democratic AGs Push Back On GOP Anti-ESG Efforts
• 2 Firms Guide Renewable Fuel Producer's $666M SPAC Merger
• Ch. 11 Examiner Says Celsius Didn't Track Customer Funds
• My Favorite Law Prof: How I Learned To Practice With Passion
• Catching Up With Delaware's Chancery Court
• Ex-Loan Processor Looks To Arbitrate OT Dispute
• Would Rules Have Cured FTX's 'Internal Controls Wasteland'?
• Biden Asks Justices To Reinstate Student Debt Relief Program
• Wells Fargo Legal Bill Inflated Loan Total By $40K, Judge Says
• Ex-Deutsche Bank Trader Says He Was Libor Probe 'Fall Guy'
• Gilstrap Sinks Banking IP Suit Against TD Ameritrade
• Sears And Visa Ink Deal Ending Interchange Fee Dispute
• FTX Bankruptcy To Start With International Clash For Control
• JPMorgan Boosts Time-Off Policies, Equalizes Parental Leave
• FTX Chaos, Texas Utility Reorg OK'd, Student Debt Relieved
• TransUnion, Ex-Exec Can't Ditch CFPB 'Dark Patterns' Suit
• House Subcommittee Demands Accounting From FTX
• State AG Consumer Protection Shift Isn't An Election Fad
• Fugitive Couple Extradited After COVID Fraud Conviction
• UK Litigation Roundup: Here's What You Missed In London
• $6B Student Debt Cancellation Deal Wins Final Approval
• FTX's 'Worse Than Enron' Books Recall Energy Firm's Demise
• CFPB Slams Harmful Debt Collection Tactics In Exam Report
• FINRA, Stock Exchanges Fear Rising Fraud In Small IPOs
• NY Regulator Plugs Tougher Crypto Approach Amid FTX Bust
• Treasury Cuts Iranian Oil Dealers From US Financial System
• SEC Official Says Attys Must 'Be Clear' With Crypto Clients
• Calif. Tribe Gets $10M Deal From Mother-Son Embezzler Duo
• NY Court Sets Guidelines For Trump Org. Monitorship
• Five Firms Brought Home 'Historic' $1B Dell Deal In Chancery
• FINRA Targets Brokers Hawking Crypto
• Mortgage Co. Hit With $5.2M CFPB Fine Over COVID Practices
• Chrisleys Want Court Closed For Kids' Sentencing Testimony
• WSFS Unit Accused Of Funneling Trust Funds To Indicted Atty
• NJ Pharma CEO Indicted In $4M Embezzlement Scheme
• DOJ Announces Process To Ease Student Loan Discharges
• Ex-Goldman Banker To Face June Insider Trading Trial
• Nationstar Accused Of Improperly Denying Loan Modifications
• Navigating The FTC's Expanded Unfair-Competition Stance
• Deals Rumor Mill: Binance, SBF, Forbes Media
• 'Fake' Telecom Co. Execs Skirt Sanctions For Withholding Info
• Bankruptcy Ruling Is A Warning For Cos. With Foreign Assets
• Firm Rips Mortgage Malpractice Suit As Class Litigation Ploy
• New FTX CEO Stunned By 'Complete Failure' Of Controls
• SEC Shouldn't Win 'Most Overbroad' Ripple Suit, Court Told
• Treasury Wants Clear Rules For Bank-Fintech Relationships
• Reforms Urged As Mich. Debt Collection Caseload Grows
• Convicted SEC Whistleblower Can't Get Award, 2nd Circ. Says
• Fed's Barr 'Deeply Encouraged' By House Stablecoin Bill Work
• Finance Pro Hired By BitMEX Brass Avoids Jail In AML Case
• Chicago-Based Health Care Co. Secures $300M In Financing
• Could Cannabis Banking Reform Finally Pass In Lame Duck?
• Perry Guha Fights 'Shameful' Bid To DQ It In Leon Black Case
• Real Estate Firm Denied Redo Over $1.4M Wire Transfer Fraud
• Ch. 15 Case Highlights Reach Of Transnational Insolvency
• 2nd Circ. Upholds Convictions Of Former NYS Judge
• House Committee Pledges To Press FTX CEO About Collapse
• Feds Say Chrisleys Should Get Big Penalties For Tax Crimes
• Questions To Ask Before Making A Lateral Move As Partner
• FTX's Bahamas Liquidators Challenge Validity Of US Ch. 11
• Dell Settles Suit Over Stock Swap Deal For $1B In Chancery
• FTX GC Steers Sinking Crypto Ship Through Legal Tsunami
• Celsius Says It Fears $35M Crypto Theft From Ex-Biz Partner
• 9th Circ. Doubts Student Aid Co. Owner's CFPB $15M Appeal
• GOP Senator Chides Bank Regulators' Crypto 'Ambivalence'
• I Feel Good (I Own James Brown's Songs), Financier Says
• Top SEC Enforcer Urges Speedy Crypto Investigations
• NY Fed, Banks Will Test Digital Dollar In Pilot Project
• Pennsylvania City Plans Bankruptcy Exit With New Business
• Akin Gump Adds Former Treasury Policy Leader In DC
• NC Jury Clears Bank In Ex-Loan Officer's Age Bias Suit
• FTX, Leaders To Engage With Regulators After Ch. 11 Filing
• $4M Wire Fraud Coverage Bid Can't Be Preserved, Court Told
• Ch. 11 Isn't Twitter Creditors' Only Hope Of Getting Paid
• Voyager Says It's Talking To Other Buyers After FTX Collapse
• CFPB Takes Fight Over 5th Circ. Funding Ruling To High Court
• Credit Suisse To Sell Securitized Products Group To PE Biz
• CFTC Dropped Ball On FTX Regulation, Watchdog Group Says
• Ex-SDNY Judge, Bracewell Atty Appointed Trump Org Monitor
• 8th Circ. Blocks Biden's Student Debt Relief Program
• Biden Will Tap Gruenberg For Permanent FDIC Chair
• S&P To Pay SEC $2.5M For Alleged Violation Of Conflict Rules
• FTX Faces Growing Regulatory, Criminal Scrutiny Amid Fallout
• Credit Suisse Should Face Retrial In Forex Case, Investors Say
• Kessler Topaz To Lead Wells Fargo Investor Suit Over Hiring
• US Aims New Sanctions At Russian Weapons Tech, Elites
• Custodia's Suit Over Fed Account Access Clears Key Hurdle
• Voyager's Ch. 11 Complicated By FTX Case, $220M Complaint
• Real Estate Rumors: Bankman-Fried, Kennedy, Silverstein
• Bank Put 'Expiration Date' On Senior VP, NC Jury Told
• Catching Up With Delaware's Chancery Court
• Convicted 'Chrisley' Stars Make Last-Ditch Bid For New Trial
• My Favorite Law Prof: How I Learned To Argue Open-Mindedly
• Judge Won't Revisit Conflict Issue In 'Odd Lots' Case
• FTX Investigates Potential $500M Theft After Hitting Ch. 11
• UK Litigation Roundup: Here's What You Missed In London
• Texas Judge Strikes Down Biden's Student Debt Relief
• FTX's Collapse Amplifies Calls For Tougher Crypto Oversight
• 'Stop Tweeting': Attys Groan At FTX Head's Online Mea Culpa
• FTX Bankruptcy Could Spark Blizzard In Crypto Winter
• Fintech Qenta To List At $622M Value In SPAC Merger
• $6.5M Wells Fargo Wage Deal Undercuts Other Suit, Bid Says
• FTC Envisions Broad Campaign Against 'Unfair Competition'
• Deals Rumor Mill: Twitter, Toshiba, CVC Capital
• 5th Circ. Decision Could Validate CFPB In The Long Run
• All Eyes On Ripple After SEC Win Against Crypto Firm LBRY
• Two Indicted In $6.8M Online Credit Monitoring Scheme
• 6 Tips For Completing A SPAC Merger In A Harsh Environment
• SEC Chief Of Staff To Exit Role At End Of 2022
• ABA's No-Contact Rule Advice Raises Questions For Lawyers
• CFPB Says Crypto Fraud Complaints Have Surged Since '21
• 2 I-Payout Officers Seek Way Out Of TelexFree Ponzi Suit
• PE Giants Say SEC Probing Them Over WhatsApp Use
• Suit Says FloSports Transferred Funds Without User Consent
• Man Gets 3 Years For Fraud Scheme Tied To Fake Transaction
• Credit One Asks 9th Circ. To Revive Claim DAs Can't Sue Bank
• Former HSBC Legal Chief Becomes New Top Lawyer At Oracle
• Ambac Says US Bank On The Hook In RMBS Suit
• What The Justices Are Thinking About In FTC And SEC Cases
• SEPTA, Pa. Bank Settle Stock Drop Case With $15M Deal
• Make-Whole Disallowed As Interest Payment In Hertz Ch. 11
• Trump Fails To Halt Monitorship As Request Goes To Panel
• Attys Net $4M Fees From Calif. Bank Deal Over Ponzi Scheme
• Binance Walks Away From FTX Buyout Amid Turmoil
• 2nd Circ. Denies NRA Rehearing In Free Speech Dispute
• 4 Key Skills For An Effective Attorney Coaching Conversation
• JPMorgan RICO Case Should Inspire Proactive Compliance
• BNY Mellon Defeats Automation Software Infringement Suit
• NY's AG Won Reelection. Next Up: Trump And The NRA
• Control Of Congress Too Close To Call
• Fluor Investors Reach $33M Settlement In Bidding Fraud Suit
• BMO Harris Bank Hit With $563M Verdict In Ponzi Scheme Trial
• Tribes Don't Get Immunity In Bankruptcy Suits, Justices Told
• O'Melveny Nabs Ex-Federal Reserve Adviser From WilmerHale
• $1.75M Libor Deal With Credit Suisse, Others Gets Initial OK
• CFPB Urges 3rd Circ. To Preserve Its Student Loan Trusts Suit
• Oportun Says CFPB Mulling Case Over Pandemic Collections
• How Civilian Attorneys Can Help Veterans
• From Courts To Polls: BigLaw Turns Out To Protect The Vote
• Fintech User Seeks To Avoid Arbitration In Usury Class Action
• Bail Bond Entities Can't Ax Price-Fixing Class Action
• Questions Remain After First FCA Settlement With PPP Lender
• Binance To Buy Rival FTX Amid Sudden Liquidity Issues
• Warren Slams Wells Fargo, Zelle Replies To Fraud Inquiry
• Warren Rips Powell Amid Latest Ethics Flareup At Fed
• Musk's $56B Tesla Pay Trial May Spur More Exec Comp Fights
• Experian, T-Mobile Strike $16M Data Breach Deal With States
• Trump Org. Appeals Monitorship, Says It May 'Grind To A Halt'
• Crypto Trading Firm Waives Atty Fees After $1.56M Judgment
• West Coast Bank To Sell Branches For Rare Biden-Era Merger
• Wells Fargo Seeks To Dodge NC Race Discrimination Suit
• Justices Mull If District Courts Can Hear Attacks On FTC, SEC
• Kabbage Cleared For $58M Ch. 11 Deal With Customers Bank
• 6th Circ. Affirms Experian Win In Spat Over Credit Report Error
• PayPal Slams Investors' Latest Suit Over Federal Probes
• Gorsuch Excoriates Chevron In Denied Veterans Benefits Case
• My Favorite Law Prof: How I Learned That Culture Shapes Law
• Justices Won't Review Wilmington Trust Mismanagement Suit
• SEC Lands Crypto Win As Judge Calls LBRY Token A Security
• Judge Declares Mistrial In Fannie, Freddie Profit Sweep Suit
• Fed. Circ. Lets Uniloc Keep Suing Google, Not 2 Others
• DePaul Defeats Biometric Privacy Lawsuit Over Online Proctor
• Title Insurer Settles $19M Wire Fraud Suit With Texas Pair
• Justice Barrett Again Rejects Challenge To Student Relief Plan
• Fannie, Freddie Profit Sweep Jury Is Deeply Divided
• Comcast, NBC Settle With Visa, Mastercard In Swipe Fees Suit
• Broker Pleads Guilty in $500M Real Estate Fraud Suit
• NY Atty Suspended Amid Overdrawn Escrow Investigation
• MLB Accused Of Harassing Broadcasting Affiliate In $6M Suit
• Kavanaugh May Prove Unlikely SEC Ally In Accountant's Case
• NC Justices Order Appeals Court To Decide BofA Fraud Case
• FTC Facing Latest High Court Attack In Axon Case
• Freeman Mathis Booted Off Suit Due To Atty 'Switching Sides'
• Chase Hits Subtenants With $2.8M Settlement Breach Suit
• What To Expect From The Post-Midterms Lame-Duck Session
• UK Litigation Roundup: Here's What You Missed In London
• Public Records Site Isn't Immune In FCRA Suit, 4th Circ. Says
• NJ Consulting Firm Says CFPB Subpoenas Are Unenforceable
• Traders, Scotiabank Ink $6.6M Deal Over Spoofing Scheme
• DACA Recipient Defends Discrimination Suit Against Alliant
• SEC Gets $100K Judgment Against Ex-Wilmington Trust Exec
• Chancery Awards Atty Fees To Candidates In Bank Vote Suit
• Goldman, Citizens Hit With Suits Over E-Banking Patent
• GOP Sen. Says Firms 'Stonewalling' ESG Ratings Probe
• Deals Rumor Mill: Twitter, Adobe, Zucker
• 9 Legal Ethics Considerations In Natural Disaster Preparation
• Fed. Circ. Backs AmEx's PTAB Win On Reward Point Patent
• Insider Trading Enforcement Against Lawmakers Is Growing
• Ex-Deutsche Trader Denied Bail Amid High Court Appeal
• A Divided Congress May Increase Companies' Political Risks
• PayPal Execs Lied About New Account Growth, Investor Says
• Court Orders Trump Org. Monitor During NY AG's Fraud Case
• Compliance Considerations After OCC Ups Fintech Scrutiny
• Kasowitz Prevails In $185M Bankruptcy Suit
• Trump Wants To Block NY AG From Seeing Revocable Trust
• Ex-Cay Clubs Exec Seeks New Trial After Bank Fraud Verdict
• Delaware State Is Acting Like A 'Feudal Lord,' Investors Say
• SEC Chair Gensler Warns Of Further WhatsApp Sweeps
• GOP Reps. Smell Whiff Of Hypocrisy In SEC's Texting Fines
• Trump Can't Halt AG's $250M Fraud Suit Or Swap Judges
• Jury Continues Deliberations On Fannie, Freddie Profit Sweep
• SEC Requires Fund Managers Disclose More About Votes
• 11th Circ. Upsets Settlement In SEC Case Over Ponzi Scheme
• 2nd Circ. Ruling Confirms Equitable Ownership Viability
• Bankers Get Suspended Sentences In German Tax Fraud Case
• Ex-Apple Worker Admits He Ripped Tech Giant Off For $17M
• Wells Fargo Wants Processing Servicer's Access Suit Nixed
• US Bank Says CFPB Probing Its Handling Of Benefit Cards
• OCC, Fed See No 'Deluge' Of Crypto Plans From Banks
• US Banks Spent $1.2B On Ransomware Payouts In 2021
• Taxpayers Urge Justices To Block Biden Student Debt Relief
• Crypto VC Firm Asks CFTC For New Rules After Ooki DAO Suit
• US Bank Tells 2nd Circ. To Uphold RMBS Suit Win
• NC Insurance Exec Blasts $75M SEC Suit As A 'Shotgun' Case
• Admitted Fraudster Misused COVID Funds, Jury Finds
• Jury Mulls Fannie, Freddie Shareholder Profit Sweep Claims
• Supreme Court Asked To Weigh In On $92M Racketeering Suit
• Pa. Law Firm Sues SBA Over About-Face On PPP Forgiveness
• Military Members Indicted Over $2M Pandemic Loan Fraud