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Federal Deposit Insurance Corporation v. The Bank of New York Mellon

  1. March 21, 2019

    FDIC's $695M Mortgage-Backed Securities Suit Tossed

    A New York federal judge dumped the Federal Deposit Insurance Corp.'s $695 million residential mortgage-backed securities suit against three banks Wednesday, finding for the second time that the agency lacked standing to bring claims of improper conduct against trustees of the bundled mortgages.

  2. March 14, 2018

    Lack Of Citibank Stamp Tanks $695M RMBS Suit, Judge Told

    The Federal Deposit Insurance Corp.'s failure to nab Citibank's signature on its claims in a $695 million mortgage-backed securites suit should stop the suit in its tracks, the defendant banks told a New York federal judge in a brief on Tuesday, saying the amended complaint should be tossed.

  3. December 11, 2017

    FDIC Says Judge Should Overlook Citibank Refusal To OK Suit

    The Federal Deposit Insurance Corp. on Friday urged a New York federal judge to let its cases against Citibank, U.S. Bank and Bank of New York Mellon on behalf of a failed Texas bank go ahead even though Citibank has refused to ratify the cases, saying it has fixed the legal issues that resulted in the suits' dismissal without Citibank's signature.

  4. August 19, 2015

    BNY Mellon Failed As Trustee Of $2B In MBS, FDIC Suit Says

    The Federal Deposit Insurance Corp. lobbed a suit at Bank of New York Mellon Corp. on Wednesday in New York federal court, accusing the bank of failing as trustee of about $2 billion worth of residential mortgage-backed securities.