Banking Archive » December, 2013

Banking - December, 2013

278 articles

• No Magic Bullet In Post-Credit Crisis Investment Litigation
• Fear FACTA: Lessons From The Act's 1st Decade
• Deutsche Bank, FHFA Agree To $1.9B Deal In RMBS Suit
• CIT To Pay $60M To Settle Tyco Tax-Agreement Feud
• Goldman Sachs Exec Pay Suit Gets Heave-Ho Again
• PNC Says Zuckerman Has Conflict In Military Supplier Ch. 11
• Spurned Buyer Sues Tampa Port Authority Over Retail Center
• White House Taps Latham Partner As CFTC Commissioner
• Swiss Bank EFG Joins US Tax Evasion Disclosure Program
• Intel Succeeds In Axing Lehman Claims Over $1B Collateral
• FDIC Can't Revive $644M MBS Suits Against Countrywide
• Miami Hits BofA, Wells Fargo, Citi With Lending Bias Suits
• Fried Frank Aids Lease Extension As Citigroup Mulls HQ Move
• Cuomo 'Green Bank' Set To Open With $210M In 2014
• Female Powerbrokers Q&A: McCarter & English's Pam Moore
• Sao Paulo To Use $480M IDB Loan For Highway Upgrades
• Female Powerbrokers Q&A: Vorys Sater's Benita Kahn
• Ally To Pay $98M Over Discriminatory Auto Lending Claims
• $30M Cut From Attys' Fees In Citigroup Settlement
• ResCap Attys Look Back On A Rollercoaster Bankruptcy
• Fed's Taper Sends Mixed Message On Economy
• Target Faces Privacy Suit After 40M Card Numbers Stolen
• Ambac And The New World Order
• 4 Banking Law Trends Foreshadow More Scrutiny In 2014
• IRS Clarifies Mortgage Settlement Payment Tax Treatment
• AmEx To Spend Up To $79M In Surcharge Suit Settlement
• NY Put-Back Claims Time-Barred In Deutsche Bank MBS Suit
• Treasury Signs 6 More FATCA Agreements
• Ocwen Reaches $2B Deal In Mortgage Servicing Suit
• CORRECTED: Judge Mulls Damages Offset In FCA Suit Over Ex-Im Loans
• US Bank Regulators Seek Stricter Tax Refund Rules
• Ex-Im Bank Eyes US Jobs Boost With $694M Aussie Mine Loan
• Regions Agrees To $22.5M Deal In 401(k) Plan Class Action
• Deutsche Bank Fined $7M Over Hedge Fund Lending Program
• Sens. Want To Create Ch. 14 Bankruptcy For Failed Banks
• Female Powerbrokers Q&A: Novak Druce's Pat Rogowski
• Female Powerbrokers Q&A: White And Williams' Joan Rosoff
• Deals Rumor Mill: Carlyle, KKR, European Commission
• Does Bitcoin Have A Place In The Insurance Industry?
• Deutsche Bank Dropped From $7B MBS Class Action
• HSBC Unit Settles Claims It Violated Terrorism Sanctions
• Suit Over Patton Boggs Fees Belongs In Canada, Judge Says
• Anglo Irish Bank Wins Ch. 15 Recognition
• 2nd Circ. Affirms Dismissal Of Frozen Bank Account Suits
• EU Member States Approve New Auditing Rules
• Ex-JPMorgan VP Gets No Prison, No Fines For Bid-Rigging
• Deutsche Bank Says FHFA's $567M RMBS Suit Is Too Late
• CFPB Says College Financial Products Need More Sunshine
• Sovereign Bancorp Can't Recoup $234M In Taxes, US Says
• BofA To Pay $73M To Settle Wage-And-Hour MDL
• AfDB OKs $184M Program To Boost Nigerian Power Sector
• JPMorgan Agrees To Pay $22M In Force-Placed Insurance Suit
• Hunton Attys Needn't Testify In CDO Fight, Judge Says
• GOP Reps. Seek Changes To CLO Risk-Retention Proposal
• Credit Suisse Duped Investors In $10B MBS Deals, NJ Says
• Female Powerbrokers Q&A: Ober Kaler's Barbara Werther
• Female Powerbrokers Q&A: Dechert's Cathy Botticelli
• Inside The Volcker Rule
• How To Negotiate Nonrecourse Carveout Guarantees
• JPMorgan Wants At Least $1B From FDIC For WaMu Payouts
• JPMorgan Sued By Miss. AG Over Flawed Debt Collections
• Cerberus Freed From Austrian Banking Exec's Refco Suit
• ResCap Strikes Deals Resolving $247M In Borrower Claims
• Audit Clears CFPB Accounting Practices
• Exports, Investment Top Priorities For Commerce Nominee
• Account Holders Uneasy As Swiss Banks Weigh US Tax Plan
• SEC Fines Hit Record $3.4B In 2013
• Female Powerbrokers Q&A: Locke Lord's Denise Hanna
• Female Powerbrokers Q&A: Morrison & Foerster's Anna White
• Libor-Rigging Suspects Deny Fraud, Conspiracy Charges
• Deals Rumor Mill: Time Warner, Comcast, Omnicom
• SEC Wants $1M In Fines For Ex-Goldman Trader Tourre
• Sens. Ask FINRA To Explain Record Expungements
• CFTC's Wetjen Named Acting Chairman
• JPMorgan, BofA, Others Sued Over $54B In Swipe Fees
• Treasury's Asset Manager Report Only Research, Official Says
• EU Bank Lends Turkey $92M For Shipping Port Construction
• Ex-UBS Banker Accused Of Tax Fraud Freed On $9M Bond
• Syntax Trust Urges 3rd Circ. To Revive Preferred Bank Suit
• BofA Doles Out $8M To End Trust Account Investment Suit
• Philippines To Receive $372M Loan For Typhoon Recovery
• Dechert Adds Ex-KPMG Tax Atty To NY Office
• CFPB Says Online Loan Scheme Gouged Borrowers
• Female Powerbrokers Q&A: Arnold & Porter's Maureen Jeffreys
• Female Powerbrokers Q&A: Fish's Ann Cathcart Chaplin
• Justices Seek Input On Personal Jurisdiction In 9/11 MDL
• Aleynikov V. Goldman Sachs Provides Valuable D&O Insight
• Deals Rumor Mill: KKR, Versace, Dexus
• Philadelphia Approves Country's Largest Land Bank
• High Court Declines Petition Over Fair Credit Reporting Act
• UBS Off The Hook For $2.3B In Rogue Trader Losses
• Paramount Settles Dispute Over Film Profit-Sharing
• Record Settlement Payments, Record Tax Deductions?
• Supreme Court Grants Review Of Fifth Third ERISA Appeal
• US Sanctions Enforcement Will Stay Strong Despite Iran Deal
• BofA Asks Justices To Resolve Circ. Split On Ch. 7 Liens
• Pepper Hamilton Partner Leaves To Start Philly Boutique
• EU Parliament Passes Right-To-Bank Draft Law
• $7.25B Visa, MasterCard Swipe Fee Deal Gets Approval
• High Court To Consider Scope Of Bank Fraud Statute
• Former UBS Exec Extradited To US Over Tax Shelter Charges
• $350M ADB Loan Will Back Indian Power Upgrades
• Bank Holding Co.'s Ch. 11 Asset Sale Gets Nod
• Deals Rumor Mill: Time Warner, Sprint, Icahn
• CFPB Says 90% Of Banks' Arbitration Clauses Bar Class Suits
• Trans-Sahara Highway Project Draws $184M Financing
• Wells Fargo Denies Fraud In Force-Placed Insurance Case
• MetLife, Norges Bank Ink CRE JV, Acquire Boston Tower
• Female Powerbrokers Q&A: Paul Hastings' Elizabeth Noe
• Female Powerbrokers Q&A: Bartlit's Rebecca Weinstein Bacon
• 5 Steps To A Successful Cross-Examination
• US Can Add Wells Fargo Exec To Insurance Fraud Suit
• Ex-Sen. Steps Down As CEO Of Wall St.'s Biggest Lobby Group
• Parker Ibrahim & Berg Expands To Philadelphia
• Tribal Leader Row Not Part Of $250M Bond Suit, Judge Rules
• Insurer Contests Damages Limit In $1.8B Credit Suisse Row
• DC Circ. TRIA Decision Could Ease Garnishment Burden
• Dead Men Tell No Tales, But Their Agents Might
• 5 BigLaw Attys Who Landed On Santa's Naughty List
• JPMorgan Escapes Whistleblower Suit Over Alleged Fraud
• Goldman Sachs May Face Claims Of Probe Interference
• Fannie, Freddie Must Pay Real Estate Taxes, 7th Circ. Hears
• Chile's CorpBanca Considering Foreign Buyout Offers
• Calif. Appeals Court Tosses LendingTree Subsidiary Suit
• Chase, Citi Beat FCA Suit Over Fannie, Freddie Payments
• First National Sues To Keep $10M Tax Refund From FDIC
• Merrill Lynch Strikes $132M Pact With SEC Over CDO Claims
• Female Powerbrokers Q&A: White And Williams' Patti Santelle
• Female Powerbrokers Q&A: Mayer Brown's Debora De Hoyos
• Goldman Loans $120M To Warburg-Backed Warehouse Firm
• No One Regulator Will Lead Volcker Enforcement, Lew Says
• Deals Rumor Mill: CVC Capital, Dish, European Commission
• Kramer Levin Guides $1.1B Sale Of US Rail Leasing Co.
• First American Title Unit Reaches Deal In Fee Case
• SunTrust Nets $265M In RidgeWorth Unit Sale To Lightyear
• Jilted Stalking Horse Wants Dallas Bank Auction Reopened
• BofA Shakes Fraud Suit Over Subprime Mortgage Standards
• Banks Get Social Media Guidance From US Regulators
• Burned By Madoff, SEC Turned The Page
• GE To Pay $34M For 'Deceptive' Health Care Credit Cards
• Fannie, Freddie's Footprint Could Grow Under New FHFA Head
• UK Pols Call EU Financial Transaction Tax Proposal 'Deadly'
• For FDIC, Big Bank Wind-Down Plan Is Best Bad Choice
• $160M Deal To End Merrill Race Bias Suit Gets Final OK
• CPPIB, Dexus Up Bid To $2.8B For Aussie Office Trust
• Defendants Can't Escape Liability In FHFA Securities Case
• Credit Suisse Says NY AG's Suit Over RMBS Came Too Late
• RBS Pays $100M For Iran, Sudan Transactions
• Anbang Grabs $2.2B Stake In China Merchants Bank
• Santander To Pay $649M For HSBC's Bank Of Shanghai Stake
• Deals Rumor Mill: Men's Wearhouse, Scripps, Morgan Stanley
• Why Financial Services Firms Should Prepare For Bitcoin
• Female Powerbrokers Q&A: Morrison Cohen's Danielle Lesser
• Female Powerbrokers Q&A: Liner Grode's Angela Agrusa
• ResCap Ends Bankruptcy As Judge Confirms Liquidation Plan
• What To Expect From High Court In Software Patent Case
• Despite Some Easing, Volcker Will Pose Challenges For Banks
• Volcker Rule Goes Easy On Real Estate Funds
• Regulators May Hedge Bets On Volcker Rule Enforcement
• Banks To Keep Divestments Coming As Volcker Takes Shape
• BoA Had Active Part In Conspiracy, 11th Circ. Hears
• Senate Confirms Rep. Mel Watt As Next FHFA Head
• Colo. AG Sues Debt Collectors For Falsifying Bank Docs
• 3 Swiss Banks Join Tax Evasion Disclosure Program
• Lloyds Raises £685M In St. James Share Selloff
• FDIC OKs Publication Of Strategy For Big Bank Wind-Downs
• Money Mutual, Montel Williams Aim To Duck Payday Loan Suit
• US Bank Reaches $53M Mortgage Settlement With Freddie Mac
• BofA Tells High Court Calif. Can't Allow Private TISA Claims
• Female Powerbrokers Q&A: Akin Gump's Kerry Berchem
• Female Powerbrokers Q&A: Locke Lord's Cynthia Bast
• US Financial Regulators Approve Volcker Rule
• Deals Rumor Mill: Novartis, Siemens, Blackstone
• Countrywide's $500M MBS Deal Gets Thumbs-Up
• Madoff Trustee May Pursue Assigned Customer Claims
• Financial Sector Needs Help With Cybersecurity, FSOC Told
• Attys In BofA Mortgage Row Urge 6th Circ. To Ax Sanctions
• LA Targets BofA In 3rd Discriminatory Lending Suit
• Female Powerbrokers Q&A: Gibson Dunn's Mary Murphy
• Female Powerbrokers Q&A: Arnold & Porter's Veronica Rendon
• Pakistan Secures $900M Loan For Coal Power Plant
• Swiss Banks Face Deadline For US Tax Evasion Program
• Lloyds Lands $147M For RE Loan Portfolio
• How FRCP E-Discovery Amendments Could Affect You
• 2nd Circ. Clarifies Scope Of Discovery In Derivative Suits
• Deals Rumor Mill: Occidental, KKR, Freedom Group
• Deutsche Bank Sues To Collect $300M Judgment From Investor
• Holding Co.'s Sale Of Dallas Bank Lacks Details, Creditors Say
• DLA Piper Hit With $80M Suit Over Misappropriated Funds
• GE To Pay $18M To Exit Municipal Bond-Rigging Class Action
• Anglo Irish Bank Says Borrowers Would Hamper Asset Sale
• Rogue Goldman Trader Sentenced To 9 Months In Prison
• US Backs Argentina In Appeal Of Bond Row Subpoenas
• Volcker Rule's Next Stop: The Courtroom
• Goldman Can't Escape $110M MBS Suit By German Bank
• 2nd Circ. Nixes MF Global Customers' Bid For Ch. 11 Priority
• Bankrupt TMT Can Seek Release Of Creditor-Seized Ships
• Buyer-Financed Development Is The New Normal
• $153M Fannie Mae, KPMG Fraud Class Settlement Wins Nod
• Markey Asks FTC to Probe Payday Loan Websites
• ADB Approves $500M Loan for Philippines Typhoon Relief
• Female Powerbrokers Q&A: Debevoise's Peggy Davenport
• Female Powerbrokers Q&A: Reed Smith's Dusty Kirk
• Ex-Im Bank OKs $641M Loan For Turkey Oil Refinery Project
• Deals Rumor Mill: Chevron, Time Warner, Wing Hang
• LA Says Citi, Wells Fargo Mortgages Crushed Tax Revenue
• PNC, Freddie Mac Reach $89M Mortgage Settlement
• Lloyds Rakes In $420M For Irish Retail Mortgage Portfolio
• $1M Fine Against BofA May Be Too Low, Judge Says
• Commish Stole $720K Under Banks' Nose, NJ Fire Dept. Says
• BofA Reps' Bad Advice Harmed Credit Scores, Suit Says
• Travelers Claims L&G Infringed 'Iconic' Umbrella Logo
• ACLU Slams FHFA Over Eminent Domain Foreclosure Stance
• Fed Says Banks Responsible For Outside Vendors' Actions
• Credit Suisse Sells German Banking Unit To ABN Amro
• OCC Must Fix Lag In Tackling Bank Risks, Report Says
• Female Powerbrokers Q&A: Chadbourne's Lori Hoberman
• Female Powerbrokers Q&A: O'Melveny's Carla Christofferson
• Russia's VTB Reports $1.2B Sale Of Half Of Telecom Giant
• Discovery Delayed In $450M Goldman Sachs MBS Suit
• IRS Should Improve FATCA Program Controls, Watchdog Says
• Lew Says 'Tough' Volcker Rule Will Complement Other Reforms
• Big Banks Face Aluminum Storage Antitrust Claims At JPML
• BNP Paribas Puts Up $1.37B For Rabobank's Polish Unit
• Canada Bolsters Sanctions Against North Korea Under UN Pact
• What Banks Must Know About The New Municipal Adviser Rules
• No Coverage For Fraudulent Withdrawal Of Electronic Funds
• BofA To Pay $20M To Exit Muni Bond Bid-Rigging MDL
• House Passes Bill Rolling Back Dodd-Frank Measure
• Swaps Industry Groups Sue Over CFTC's Cross-Border Rule
• Wells Fargo Says IRS Owes It $164M Over Barclays Deal
• Morgan Stanley Gets Advisers' Overtime MDL Cut Down
• Lenders In $767M Oppenheimer Suit Say Damages Provable
• 3rd Circ. Won't Review Cert. Ruling In ATM Overcharge Row
• Citibank Wins Bid To Keep $73M Fraud Suit In Federal Court
• Goldman Hit With Fraud Suit Over $34M Currency-Trade Loss
• Goldman Is Liable For Failed Buyout, Dragon Founders Says
• Accounting Watchdog Revives Audit Partner ID Proposal
• Fannie, Freddie Tax Ruling Violates Law, 8th Circ. Told
• Refi Principal Cap Could 'Wreak Havoc,' Texas Justices Told
• Fifth Third To Pay $6.5M For Faulty Crisis-Era Accounting
• PHH Settles NJ Consumer Fraud Probe For $6.2M
• RealTime Asks Fed. Circ. To Revive Data Tech Patent Case
• Money Centers America Must Pay Tribe $5.6M In Contract Row
• Female Powerbrokers Q&A: Hunton & Williams' Lisa Sotto
• Female Powerbrokers Q&A: Hogan Lovells' Emily Yinger
• Deals Rumor Mill: GM, Essex Property, Men's Wearhouse
• Structuring Capital Call Facilities For Open-End Funds
• EU Fines RBS, Citi, 6 Other Banks $2.3B For Rate-Rigging
• ResCap, Bondholders Make Peace Over Ch. 11 Plan
• The Demise Of Deficiency Judgments In Residential Loans
• SEC Negligence Not Protected Under FTCA, Ponzi Victims Say
• RBS, Deutsche Bank Hit With EU Fines Over Libor Rate Rigging
• Taylor Bean Trustee, Ginnie Mae Reach Deal For $610M Claim
• Rogue Goldman Trader Should Pay Back $118M, Feds Say
• Deals Rumor Mill: KKR, Bridgepoint, Toshiba
• Female Powerbrokers Q&A: K&L Gates' Janice Hartman
• Female Powerbrokers Q&A: JAMS' Kimberly Taylor
• NY Payday Loan Probe Expands Into Online Marketers
• Regulators Set Volcker Rule Votes For Dec. 10
• S&P Says 'Unwieldy' DOJ Fraud Case Requires 8-Month Trial
• CFPB Plugs Gap In Student Loan Servicing Regs
• 5th Circ. Says Credit Card Add-On Dispute Not Federal Case
• TMT Creditor Seeks To Pursue $2.7M Real Estate Transfer
• Financial Risk Panel's Flaws Hurting Oversight Mission
• Miami Firm Sues Ex-Director For Breaching Noncompete Deal
• NCR Puts Up $1.65B For Mobile Banking Co.
• AfDB Drops $162M On Congo Infrastructure, Water Projects
• FirstBank Pushes Court To Throw Out Island Resort's Ch. 11
• DOJ Eyes $1.1M Penalty For Ex-Countrywide Exec
• Surplus Flood Insurers Need Path To Market, Regulators Told
• Fannie, Freddie Revamp Mortgage Insurance Guidelines
• $39M Merrill Lynch Deal Won't Stop Sex Bias, Judge Told
• Female Powerbrokers Q&A: DLA Piper's Tara Lee
• Female Powerbrokers Q&A: Jones Day's Lizanne Thomas
• Deals Rumor Mill: Carlyle, Versace, Foster Wheeler
• Is Complex-Investment Litigation Really Declining?
• BofA, Freddie Mac Reach $404M Mortgage Settlement