Banking Archive » January, 2023

Banking - January, 2023

348 articles

• FDIC Pushes For 5th Circ. To Jettison Enforcement Challenge
• Warren, GOP Sens. Press Silvergate Bank On FTX Response
• Global Corruption Persists With Few Gains Made, Study Says
• OFAC Marks Myanmar Coup Anniversary With New Sanctions
• Two Firms To Lead TransUnion Stockholder Class Action
• Ex-JPMorgan Trader Says 'Spoofing' Verdict Shouldn't Stick
• USAA Says Flimsy Damages Analysis Led To $4M Verdict
• Danske Bank Deal Sees DOJ Tie Exec Bonuses To Compliance
• What 2023 Has In Store For The Cannabis Industry
• PNC Bank Settles Michigan Couple's Bankruptcy Suit
• Chamber, ACLU Urge Justices To Limit IRS Summons Power
• NY AG Wants Trump And Attys Sanctioned In $250M Suit
• Celsius Examiner Details 'Ponzi-Like' Scheme At Crypto Co.
• Banking Group Of The Year: Simpson Thacher
• UBS, UniCredit Set Out 2023 Buybacks After Strong Results
• Names Of Bankman-Fried's Bail Sureties To Be Made Public
• Alameda Seeks Return Of $446M From Voyager Digital
• Customer Hits Assurance IQ With Amended Web Tracking Suit
• SEC Floats Employee Ban On Financial Fund Investments
• 7th Circ. Backs Toss Of Ex-Bank Officer's Retaliation Suit
• SEC Alerts Brokers To Reg BI Compliance Failures
• PNC Tells 4th Circ. To Nix Borrower's Account Withdrawal Suit
• Credit Union Fired Worker Who Complained Of Bias, Suit Says
• Money Transfer Startup Says Rival Delisted It
• Troutman Pepper Adds Commercial Real Estate Partner
• The Forces Defining Sales Tax Policy And Compliance In 2023
• PNC Says PTAB Win Unravels $218M Jury Loss
• Anticipating Tech Market Volatility With R&W Policies
• BlockFi Approved For Ch. 11 Mining Operation Sale Process
• Bank Takes ATM Fraud Coverage Suit To 10th Circ.
• Trump Drops Deutsche Bank Suit Over Financial Docs
• Catching Up With Delaware's Chancery Court
• UBS, Brokers Seek Final Toss Of Swiss Libor Case
• Banking Group Of The Year: Paul Weiss
• 9th Circ. Vacates $8M CFPB Win In Mortgage Services Suit
• Visa Says DOJ Asked For More Info In Antitrust Probe
• Ex-Live Well CEO Gets 44 Months For Massive Bond Fraud
• White House Discloses Plan To Fund Crypto Research
• BlockFi Cleared For $10M In Ch. 11 Retention Payments
• High Court Slack Case Not Likely To Broadly Affect Issuers
• Longtime Fugitive Cops To $2.5M Fraud Schemes
• PCAOB's Tough Enforcement Likely To Continue In 2023
• 2nd Circ. Won't Reconsider Macquarie Investor Suit Revival
• Direct Listings Expansion Creates Another Go-Public Option
• GOP States Sue DOL Over Socially Conscious Investing Rule
• SEC Names New Enforcement Director Of Boston Office
• 5 Ways Attorneys Can Use Emotion In Client Pitches
• Ex-Fox Rothschild Finance Atty Rejoins Akerman In Dallas
• Eckert Seamans Adds Credit Suisse Securities GC In Philly
• Ruling May Affect FCRA Claims About Private Student Loans
• Fed Rebuffs Custodia's Bids For Membership, Master Account
• Attys Seek $4.5M Award In Yen-Libor Benchmark-Rigging Suit
• SEC Rejects Ark21Shares Bitcoin ETF Over Fraud Concerns
• Banks Say CFPB Data Rules Need 'Clear Liability Standard'
• Celsius Can Return Institutional Loan Collateral In Ch. 11
• Ex-State Dept. Atty Tapped In Ukraine Money Laundering Suit
• Gisele Bündchen, Tom Brady Tap Latham On FTX Promo Case
• Contractor Charged With $2.5M Hurricane Sandy Relief Scam
• UBS, Charity Mismanaged Funds Suit Must Go On, Court Says
• NC Judge Tosses Claims In Wells Fargo Discrimination Suit
• FTX Wants Ch. 11 Subpoenas For SBF, His Family And Execs
• Feds Strike Blow Against Major Ransomware Group
• 5 Keys To A Productive Mediation
• How Appetizing Will Cos. Find The DOJ's New Carrots?
• Ex-Long Island Pol Convicted Of Mortgage Fraud From Prison
• Deals Rumor Mill: Twitter, Juul, Elliott Management
• FTX Says Examiner Would Be Unnecessary In Its Ch. 11
• Trader Blasts Deutsche Bank For 'Malicious' Libor Prosecution
• Sen. Warren Praises SEC's Crypto Enforcement Efforts
• 2nd Circ. Postpones Ruling On Standard Chartered FCA Suit
• FinCEN Warns Of Sanctioned Russians In Commercial Realty
• US, South Africa Team Up To Counter Wildlife Trafficking
• Borrowers Can Bring RICO Suit Against Tribe-Linked Lender
• Preston Hollow Urges Del. Justices To Revive Nuveen Suit
• Tenn. Woman Gets Almost 6 Years For $2.8M Ponzi Scheme
• Preparing For An Era Of Regulated Artificial Intelligence
• Ex-CEO Of Email Security Co. Gets 5 Years For Lender Fraud
• Florida Woman Charged With $2.8M Dating Site Scam
• Clawback Issue Should Delay BlockFi Return, Committee Says
• Lessons From SEC Goldman Sachs ESG Policy Adoption Fine
• Tech Co. Drops Suit Over Wire Fraud Coverage
• Mortgage Fraudster Gets 18 Months For $4.3M Scheme
• Crypto Coverage After FTX Fall: D&O Liability
• Chrisleys' Harsh Sentences Come Down To Harm And Hubris
• Buchanan Ingersoll Hires Former DLA Piper IP Pros In DC
• BNP Paribas' Frankfurt Premises Searched In Tax Fraud Probe
• Trump Drops 2nd Suit Against NY AG Following Sanctions
• Nationstar Seeks Exit In COVID-Era Loan Modification Suit
• Coinbase Says Data Security Suit Belongs In Arbitration
• Chinese Billionaire Hit With Contempt Ruling In Ch. 11 Case
• Kraken Hires Former SEC Enforcer To Head Compliance
• SEC Says Fla. Firm Used Bogus K&L Gates Letters For Scam
• Celsius Proposes Novel Ch. 11 Plans For Creditor Recovery
• Mineral Rights, But No Royalties For Cos. In Texas Land Fight
• Ex-Olympic Skater Pleads Guilty To COVID Relief Fraud
• Pa. Law Firm Hit With TCPA Suit Over Debt Relief Robocalls
• Real Estate Rumors: UBS, Bridge Industrial, Amzak
• Celsius Denied Permission For Late Claim In Voyager Ch. 11
• How The 5th Circ.'s CFPB Ruling Has Been Applied So Far
• Greenberg Traurig Hires Ex-BNY Mellon Compliance Official
• Disney, KKR Execs Team Up To Buy Thrive Capital Stake
• Reed Smith Opens Orange County Office, Firm's 5th In Calif.
• Fed Fines Popular Bank $2.3M For PPP Loan Fraud Lapses
• Musk Rips Saudi 'Backpedaling,' 'Ass-Covering' At Fraud Trial
• PNC Borrowers Score Partial Win In Post-Bankruptcy Suit
• Genesis Says It's Nearing Ch. 11 Plan Deal With Creditors
• Cyber Firms Find Fewer Ransomware Victims Willing To Pay
• Ga. Panel Revives Contract Breach Claims Against Bank
• Puerto Rican Co., Oversight Board Face $90M Bondholder Suit
• Justices Reject Ex-Deutsche Traders' Spoofing Appeal
• Feds Seek 15 Years For Ex-Mortgage Co. CEO's 'Brazen' Fraud
• NY Warns Crypto Cos. To Keep Customer Assets Segregated
• Evaluating The Legal Ethics Of A ChatGPT-Authored Motion
• German Antitrust Arm Accuses PayPal Of Creating Price Floor
• Consequences For US Cos. If Russia Gets Official Terror Label
• Catching Up With Delaware's Chancery Court
• Bloomberg Unit Pays $5M Over SEC's Bond Valuation Claims
• High Court Won't Hear Auto Parts Mogul's $127M Chase Suit
• Crowell & Moring Taps Ex-OFAC Chief Counsel In Latest Hire
• Bank Groups Say CFPB Must Slow Roll On Credit Card Fees
• Bankruptcy Trustee Allowed To See Docs In UBS Suit
• PNC Deals Blow Against Patent Tied To $218M Loss
• MB Financial Beats $400M FCA Suit Via Public Disclosure Rule
• Bank Fraud Nets Prison Time In NJ For 3 Men
• Voyager Can't Seal Celsius Agreement In Bankruptcy Case
• Neustar Can't Keep Docs Secret In Russia Election Fees Case
• Union Fund Seeks Docs For Visa Child Porn Payment Probe
• Brokers, Audit Firm Sued Over Ties To $690M Ponzi Scheme
• BofA's Zelle Glitch Caused 'Immense Hardship,' Suit Says
• 7 Tips To Increase Your Law Firm's DEI Efforts In 2023
• UK Litigation Roundup: Here's What You Missed In London
• Keys To A 9-0 High Court Win: Get Back To Home Base
• Sullivan & Cromwell Gets Green Light To Rep FTX In Ch. 11
• Ga. High Court Mulls Duties Adult Fiduciaries Owe To Minors
• Crypto Lender Nexo Inks $45M Settlement With SEC, States
• ACLU Says Database Allows Mass Financial Data Surveillance
• 11th Circ. OKs 3-Year Term For COVID Loan Pokemon Fraud
• Texas AG Blocks Citi Muni Bond Underwriting Over Gun Policy
• Pennsylvania Justices OK New 'Aiding And Abetting' Tort
• Real Estate Rumors: St. John, JP Morgan, Robert Given
• What's At Stake In High Court's Tribal Bankruptcy Ruling
• CFPB Cautions On 'Negative Option' Subscription Practices
• Biden Admin. To Develop Environment Economy Statistics
• Deals Rumor Mill: Liberty Mutual, Commanders, Lottomatica
• CFTC Commissioner Says Crypto Attys Failed Customers
• Accommodation Deals Could Aid Distressed Auto Suppliers
• Orrick, Buckley Merge With Eye On Financial Services Work
• CFPB May Be Creating New Financial Privacy Standards
• Navy Federal Wins Exit Bid In Zelle Fraud Suit
• Robinhood Judge Won't Nix Fee Suit, Citing Her Lucid Order
• Arbitrator Was Too Close To US In Money Laundering Fight
• $415M In Crypto Hacked Since Ch. 11, FTX Tells Creditors
• The 7th Circ.'s Top 10 Civil Opinions Of 2022
• Credit Union Can't Get ATM Fees Class Action Dismissed
• Feds Say Crypto Exchange Allowed $700M In Illicit Activity
• Mass. Man Gets 41 Months For Money Counterfeiting Scheme
• Hertz Ruling Could Help Debtors Avoid Make-Whole Premiums
• Real Estate Rumors: Sortis, BanReservas, Related
• Atty-Client Privilege Arguments Give Justices A Moving Target
• Nossaman Expands Real Estate Group With New Partner
• 9th Circ. Cuts Bank Fraudster's 'Illegally Excessive' Sentence
• BNP Paribas Cleared For $16.3B Bank Of The West Sale
• FTX, US Trustee Spar Over Sullivan's Bid To Be Ch. 11 Counsel
• Epstein Victim Claims Ex-Chase Bank Exec Witnessed Abuse
• DOJ Adds New Incentives To Corporate Enforcement Policy
• OCC's Hsu Says 'Too-Big-To-Manage' Banks May Face Cleaver
• Halkbank Prosecution Holds 'Cataclysmic' Risk, Justices Told
• 2nd Circ. Backs Contempt For Delinquent Stock Fraudster
• DeSantis Bans Fla. Retirement System From ESG Investing
• Block Board Faces Derivative Suit Over Cash App Data Breach
• 2nd Circ. Ruling Is A Cautionary Tale On Arbitration Motions
• Feds Seek 4 Years In $100 Bill Counterfeiting Case
• 5 Gen X Characteristics That Can Boost Legal Leadership
• Norton Rose's Frankfurt Office Raided Amid Cum-Ex Probes
• Justices Urged To Wait For 'Cleaner Vehicle' On CFPB Funding
• Danske Bank's Chief Compliance Officer To Step Down In 2024
• New York Fed Deputy GC Moves To WilmerHale As Partner
• Credit Union Must Repay Parts Co. $558K Over Cyber Scam
• Attorneys See Sober Outlook For Deals After JP Morgan Event
• Bankman-Fried Blog 'Nightmarish' For His Attys, Experts Say
• FinCEN Says Ownership Filings Could Cost $22.7B In 1st Year
• Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto
• Justices Accept Tribal Case On Bankruptcy Rules
• Up Next At High Court: Turkish Bank Fights Criminal Charges
• Law360 Names Practice Groups Of The Year
• Nonbank Records Can't Undo Loan Deal, Split 11th Circ. Says
• Justices Take Up $92M Racketeering Suit
• 6 Questions For Boutique Firms Considering Mergers
• What We Learned From 2022's Top FCRA Developments
• Ex-Sidley Finance Atty Moves To Alston & Bird In LA
• Cadwalader Hires Ex-Hudson Executive Capital GC
• Massachusetts Man Gets 2 Years For Online Identity Scams
• UK Litigation Roundup: Here's What You Missed In London
• SEC's Covington Demand Casts Cloud On Atty-Client Privilege
• 5 Things To Know About The SEC's Covington Breach Probe
• Central Bank Org. Urges Action To Contain Crypto Contagion
• Covington Case To Test SEC's 'Hubris' As Cyber Enforcer
• US Trustee Skewers Third-Party Releases In Kabbage Ch. 11
• Fintech Company OppFi Gets Usury Suit Sent To Arbitration
• Ex-Bank Chairman's FDIC Enforcement Challenge Flames Out
• SEC Commissioner Uneasy Over Suit Against Covington
• City National's $31M Redlining Deal Is Largest In DOJ History
• Expect More SEC Enforcement Against Auditors This Year
• Ex-CFO Of Bankrupt Software Biz Cops To $25M Lender Fraud
• Crypto Bankruptcies Highlight Customers' Clawback Risks
• Santander Launches Civil Rights Suit Over NJ Town's Towing
• Ex-Payroll Co. Owner Cops To $150M Check-Kiting Scheme
• Payment Co. Dodges Ex-Employee's Age Bias, Retaliation Suit
• Atty Considerations Amid Rise Of Tech-Enabled Investigations
• Deals Rumor Mill: Microsoft, Subway, Goldman Sachs Layoffs
• Bankman-Fried Outlines Defense, Jabs At Sullivan & Cromwell
• Bulgarian Agents Raid Crypto-Bank Suspected Of Tax Evasion
• Crypto Bank Silvergate Faces Fresh Investor Class Action
• Miami-Dade Gets Court OK To Purge FTX From Arena Name
• CFPB Settles With NY Debt Collection 'Mill' Used By Big Banks
• Insurer's Swept Funds Suit Against Bank Largely Survives
• Bitcoin Miner Quietly Withdraws $50M IPO
• Senators' Sullivan & Cromwell Qualms Won't Sway FTX Judge
• Justices Urged To Nix Cashier's Checks In MoneyGram Suit
• MoneyLion Pans CFPB's 'Haphazard' Military Lending Act Suit
• 11th Circ. Ends Case Against Bank Over Radio Station Sale
• Judge Lets DACA Bias Suit Proceed Against Credit Union
• Coinbase Sued In Calif. Over 'Bank-Level' Security Claims
• Davis Wright Adds In-House Fintech Expert As NY Partner
• SEC Sues Covington To Reveal Clients Affected By 2020 Hack
• IRS Looks To Fend Off Challenge To Crypto Summons
• Norton Rose Appoints 30-Year Vet As Banking, Finance Lead
• Cybersecurity Tops GCs' List Of Dispute Worries For 2023
• Disbarred Atty Secretly Operating Law Firm, Suit Says
• CFPB Unveils Plan For Nonbank Contract 'Fine Print' Registry
• FTX Says $5B In Assets Located Since Ch. 11 Filing
• CFPB Plans Could 'Shame' Nonbanks Into Contract Rewrites
• Tom Brady, Gisele Bundchen Lose Big In FTX Ch. 11
• Sullivan & Cromwell Faces Congressional Heat Over FTX Work
• Voyager's $1B Binance Sale Approved After FTX Deal Failed
• Lebanese Bank Sees $17M Frozen In Iraq Telecom Row
• Silicon Valley Bank Parent Nabs Ex-SMBC Chief Risk Officer
• Banks Want More Time To Mull FDIC Advertising Proposal
• Bank Of America Loses PTAB Challenge To Image Capture IP
• 'Chrisley' Star Can't Kick Ex-Tax Investigator's Defamation Suit
• Powell Says Fed 'Will Not Be A Climate Policymaker'
• Wells Fargo Loses Bid To Toss Fla. COBRA Notice Suit
• Bank Denied Redo In ATM Fraud Coverage Suit
• Kilpatrick Recruits Alston & Bird Finance Atty In Atlanta
• Disbarred Atty Found In Contempt For Hiding Crypto Assets
• Chrisleys Denied Bond In $36M Bank Fraud Case
• 5 Tips For Adding Value To Legal Clients' Experience In 2023
• Justices Bat Down Fannie, Freddie Investor 'Sweep' Appeals
• Yodlee Wants Judge To Rethink Early Win In Privacy Suit
• DOL Eyes ERISA Criminal Conduct Waiver For UK Firm
• FTX Defends Plans To Market Business Units In Ch. 11
• NJ Judge Says He Is First Stop For BlockFi-FTX Stock Dispute
• Feds Want 2 Years For Each Convicted Merrill Lynch Fraudster
• Atty Sanctioned For Filing Suit Without Plaintiff's Consent
• Justices Shut Door On Fight Over Wells Fargo's $1.6M Win
• Trump Must Face NY AG's $250M Tax Fraud Suit
• Assurance IQ Shakes Website Activity Tracking Fight For Now
• Ex-Citibank Exec Says Employment Fight Can't Be Arbitrated
• FTX-Affiliated Moonstone Bank Sees Top Lawyer Depart
• Treasury Guidance Eases But Doesn't End SPAC Tax Worries
• 2nd Circ. Won't Revive Rabbi Brothers' Row Over Theft Claims
• CFPB Eyes Nonbank Arbitration Use In Draft Reporting Rule
• 7th Circ. Skeptical Of Rabobank's Part In Chicken Price-Fixing
• Ex-Financial Director Says She Was Paid Less Due to Gender
• FTX Strikes Cooperation Deal With Bahamian Liquidators
• US Again Sanctions Iranian Drone-Makers For Arming Russia
• Garland Memo May Usher In 'Kinder, Gentler' DOJ, Attys Say
• Bankman-Fried, BlockFi Say FTX Can't Freeze Stock Claims
• Criminal Vs. Civil Liability Amid Growing Crypto Enforcement
• Chrisleys Shouldn't Get Bond Pending Appeal, Feds Say
• US Bank Saddled $10B 401(k) Plan With High Fees, Suit Says
• Wells Fargo Settles Proposed Class Suit With Borrowers
• UK Litigation Roundup: Here's What You Missed In London
• Binance Investor Fights To Keep Terra Suit Out Of Arbitration
• Fla. Mortgage Provider Sued Over Customer Data Breach
• Ex-Chiefs' Tribal Courts Bid 'Legally Untenable,' Tribe Says
• Eyewear Co.'s $272M Fraud Suit Against Chase Pared Down
• Danske Bank Sentenced, Will Forfeit $2B For AML Failures
• FTX Customers Say They Need More Info On Asset Auction
• CORRECTED: Goldman Files Deal With Ex-Adviser Before Arb.
• FDIC Rips Ex-CEO's In-House Proceeding 'Collateral Attack'
• 11th Circ. Lets Wells Fargo Escape Mortgage Plan Suit
• Ex-Goldman Banker Rips Feds For Premature Subpoenas
• 2nd Circ. Won't Revive Veterans' Banking Terrorism Suit
• Biden Tells Justices Debt Relief Challengers Have No Standing
• 4th Circ. Told BofA Must Face Suit Over Bungled Benefits
• The Securities Litigation Issues That Matter Most For 2023
• Latham Adds Ex-Cahill Gordon Banking Pros In NY
• Union Station LLC Beats Bank's Bid To End Foreclosure Suit
• 7th Circ. Ruling Highlights Risks Of Foreign Debt Collateral
• What's At Stake In Halkbank Sanctions High Court Case
• EU Eyeing Adviser, Withholding Rules In Early April, Doc Says
• NY Sues Ex-Celsius CEO Over 'Risky' Crypto Investments
• Ex-Bolivian Official Gets 70 Mos. For $5.6M Contract Scheme
• CFPB May Require Reporting On What's In Nonbank Contracts
• CIBC Balks At $848M Damages Ruling In Suit With Cerberus
• SEC Lays Out Next Phase Of Rulemaking Agenda
• PTAB Axes PNC Bank Patent Claims That Texas Jury Upheld
• Macquarie Asks Full 2nd Circ. To Rethink Investor Suit Revival
• FTX Closing In On Ch. 11 Deal With Bahamian Liquidators
• Celsius Owns Crypto Deposits, May Sell $18M, Judge Says
• CFPB, NY Sue Subprime Auto Lender Over 'Predatory' Loans
• BNY's Pershing Must Face Trial Over Stanford Ponzi Claims
• Using Risk To Evaluate Industry-Specific ESG Issues In 2023
• Mexico Payday Lender Says Bankruptcy Deal Still In Works
• Ex-Postal Service Worker Gets 30 Mos. For Money Order Theft
• Ex-PNC Chief Counsel Joins McGuireWoods In Pittsburgh
• Ex-Citi Exec's Delay Sinks Sarbanes-Oxley Suit, 3rd Circ. Says
• Goldman Can Arbitrate Employment Interference Suit
• Coinbase To Pay $100M Over AML Compliance Failures
• Yellowstone Capital To Pay $27M To End NJ Usury Claims
• Nomura To Pay Ambac $140M To End RMBS Dispute
• The Biggest Bankruptcy Actions From Over The Holidays
• Zurich Can't Appeal Ruling In Ponzi Scheme Coverage Fight
• CFPB Will Look Into New Credit Bureau Rules, Chopra Says
• Brown Rudnick To Lobby For Bahamas On FTX Collapse
• Mich. Judge Closes Detroit Tax Firm Over $1.2M Fraud Claim
• Deutsche Bank, JPMorgan Want Out of Epstein Accuser Suit
• The Cryptocurrency Law And Policy Outlook For 2023
• Chrisleys Can't Extend Prison Report Date In Bank Fraud Case
• Bankman-Fried Denies Fraud Charges, Gets October Trial Date
• Crypto Bankruptcies Highlight Need For Better Due Diligence
• Judge Allows DOJ To Fix Ukraine Money-Laundering Suit
• 6 Ways To Avoid Compounding Errors When Practicing Law
• BofA Can't Ditch TelexFree Ponzi Scheme MDL Claims
• US May Soon Have New Weapons In Sanctions Enforcement
• TransUnion Escapes $18.3M Verdict In Source Code Fight
• IPOs Could Be Headed For A Rocky Road In 2023
• IRS Will Use New Resources To Increase Scrutiny In 2023
• Bankruptcy Cases And Trends To Watch In 2023
• M&A Opportunities May Prevail For The Diligent This Year
• 5 Compliance Trends To Watch In 2023
• 7 Transgender Health Care Bias Cases To Watch In 2023
• New York Cases To Watch In 2023
• 5 Data Privacy Law Trends That Will Continue Into 2023
• 5 Policy Moves Benefits Lawyers Should Watch In 2023
• What Banking Attorneys Are Watching In The Courts In 2023
• Florida Cases To Watch In 2023
• Fintech Policy & Regulation To Watch In 2023
• Fintech Litigation To Watch In 2023
• 5 ERISA Cases To Keep An Eye On In 2023
• California Cases To Watch In 2023
• What Will Keep Legal Talent Professionals Up At Night In 2023
• Banking Regulation To Watch In 2023
• Consumer Protection Policy and Cases To Watch In 2023
• The Cybersecurity Stories That Could Define 2023
• 5 White Collar Enforcement Trends To Watch In 2023
• 4 Cybersecurity Cases To Watch In 2023