Banking Archive » February, 2019

Banking - February, 2019

316 articles

• Chase Gets Quick Trip To 9th Circ. In Escrow Class Row
• Spitzer Owes Ex-AIG Exec 50% Doc Fees In Defamation Suit
• KPMG's Middendorf Says He May Testify As Feds Wrap Up
• Industries That Owe $11.7 Trillion Could Be Hacked: Report
• Fed Fines Wintrust $1M Over Hinsdale Ex-CFO's Accounting Slip-Up
• Investor Says Travelport Misled On $4.4B Take-Private Deal
• Calif. Restaurant Co. Escapes Excess Surcharge Claims
• Millennium's $35M Clawback Suit Survives In Del. Bankruptcy
• Deals Rumor Mill: Universal Music, Careem, Nexi
• Ex-Wash. Bank CEO Pleads Guilty To $867K Tax Fraud
• Jones Day Reps ACI In $750M Buy Of Western Union Service
• Atty's Metal Manipulation Claims Are Untimely, 2nd Circ. Says
• Cross-Border Confidentiality And The Swaps Antitrust Case
• Ex-Barclays Trader Accused Of 'Selective Memory' On Stand
• Wells Fargo Reveals DOJ, SEC Talks Over Sales Practices
• 2nd Circ.'s Madoff Foreign Clawback Ruling Boosts Trustees
• 2nd Circ. Upholds Ex-Florida Atty's Stock Scam Conviction
• Ex-Wilmington Trust Execs Can Remain On Bail During Appeal
• DOJ Targets Fintech 'Unicorn' Founder Over Investment Scam
• Ex-Heartland CEO's Girlfriend Must Face Insider Trading Suit
• OCC Takes Aim At NY Regulator's Fintech Charter Suit
• IRS Never Proved Forex Traders' Rates Rigged, DC Circ. Told
• Morgan & Morgan, Others Split $1M In Wendy's Breach Deal
• Ocwen Names New GC Amid Ongoing Legal Headaches
• Hong Kong Bars Ex-China Brokerage Exec Over IPO Breach
• $50M Wendy's Data Breach Deal Gets Judge's Initial OK
• Investors Wanted Extra Deals In Barclays Cash Call, Jury Told
• Banks Should Prepare For Federal Marijuana Legalization
• Smart Contract Coders May Face Aiding And Abetting Risk
• Deals Rumor Mill: ChemChina, Cerberus, Nexon
• EBA Takes AML Spotlight With New Powers In Danske Probe
• Experian Drops Bid For Rival ClearScore After CMA Objects
• International Orgs Don't Have Total Immunity, Justices Rule
• Chinese Businessman Can't Halt Private Airbus Sale
• First Data Shareholder Sues To Stop $22B Sale To Fiserv
• 'WTF?' Ex-KPMGer Says Boss Erupted When Whistle Blown
• Credit Suisse Taps New Compliance, Risk Czars
• CFPB Seeks To Force Law Firm To Comply With Probe
• Fed Chair Pledges Thorough Review Of BB&T-SunTrust Deal
• JPMorgan Not To Blame For Broker's Suicide, Judge Rules
• Deals Rumor Mill: Petrobras, ArcLight Capital, CVC Capital
• Lenders Say Asset Manager Aided $360M Transmar Scam
• Credit Bureau CEOs Put On Defense As Dems Rip Data Scares
• Mt. Gox Founder Says Japan Payout Could Moot Ill. Claims
• Accomplice In Ill. Judge Mortgage Fraud Case Gets 7 Months
• How A US Discovery Statute Can Affect Cayman Litigation
• Wealth Management Co. YieldStreet Gets $62M In Funding
• 4th Circ. ADA Website Case Is Narrow Victory For Businesses
• Euribor Submissions Were '1-Minute Job,' Trader Tells Jury
• Citi Can't Skirt 9th Circ. Preemption Ruling, Borrower Says
• Sink $4.4B RICO Suit Over Superyacht, Magistrate Judge Says
• Big Banks Fixed Freddie, Fannie Bond Prices, Investors Say
• Crypto Fund Says Investor Lost Right To Inspect Books
• OCC Shuns Ethics Tips To Deter Cozying Up To Banks
• 4 Amicus Briefs Back Goldman In 2nd Circ. Class Cert. Appeal
• Puerto Rican Officials Can't Challenge Fed Powers At 1st Circ.
• Finding Sovereign Assets Through US Banks
• Barclays, Deutsche Oppose Redo Bid In Libor Antitrust Suit
• 4 Things Smaller Banks Can Do To Prep For Libor's End
• Weigh Profits In Euribor Submissions? 'Nonsense,' SFO Says
• Bangladesh Bank's Approach To Hacking Loss Recovery
• Justices To Review Statute Of Limitations In FDCPA Cases
• High Court Won't Review BofA's Win In $3B Deal Dispute
• UK, US Regulators Build Brexit 'Bridge' For Derivatives
• Public Service Attys Win Dept. Of Ed. Loan Forgiveness Fight
• Feds Seek $38M In Latest 1MDB Forfeiture Actions
• State Street May Face SEC Suit Claiming Client Overcharges
• Equifax Says Regulators To Seek Damages Over 2017 Breach
• Russian Bank Account Hacker Cops Plea, Faces 5 Years
• T-Mobile Worker Accuses Fidelity Of 401(k) Kickback Scheme
• Japan's Largest Bank Rife With AML Issues, US Feds Say
• Morgan Stanley Veteran Gets 18 Months For Insider Trading
• Jeweler Laundered Money In $2B Indian Bank Fraud: Probe
• UK Litigation Roundup: Here's What You Missed In London
• Swedish Court Largely Affirms $171M Award Against Poland
• NSF Lobs $1.7B Unsolicited Bid For Provident Financial
• Greenspoon Marder Unit, Squire Patton Back Pot Roundtable
• 3 Lessons From A Crypto Mock Trial
• Blockvest Reversal Makes Clear That ICOs Are Securities
• Amazon Health Startup Won't Soon Rival Optum, Judge Rules
• Lehman Brothers Unit Fends Off €411M Swaps Loss Demand
• Tracing Puerto Rico's Journey Through Bankruptcy
• UBS Slams 'Superficial' €3.7B French Fraud Ruling
• 5th Circ. Tells Judge To Rein In Chase Wage Class Notices
• NCC Hit With Investor Suit Over $850M CenterState Tie-Up
• IRS Worker Charged With Leaking Michael Cohen's Bank Info
• EY Continues March Into Legal Market With Global AI Deal
• BMW To Pay $3.7M To End NJ Spam Faxes Suit
• Norton Rose Beefs Up Cap Markets Team With Davis Polk Atty
• CFPB, Florida Regulators Want Their Ocwen Suits Merged
• Manafort Sentencing Dates Set In Va., DC
• Virtual Coin Owners' Suit Against Currency Exchange Tossed
• BNY Mellon Wants Closed Trusts Booted From Tax Fee Suit
• Ocwen Financial Settles Investment Funds' Stock-Drop Suit
• Bond-Fixing Dispute Belongs In US Courts, Investors Say
• Philly Sues BofA, Wells Fargo, Others Over Bond Rates
• Explainability: Where AI And Liability Meet
• JPMorgan Can't Shake Nigeria's $875M Oil Suit
• Swedish Lender Drawn Into Danske Bank AML Scandal
• Standard Chartered Sets Aside $900M To Cover UK, US Fines
• Ex-KPMGer Admits Serial Tax And Bank Fraud, Cover-Up
• Ex-Barclays Forex Chief Faces Calif. Jury Over HP 'Spanking'
• Navient Quick Win Bid Punted In CFPB Loan Servicing Suit
• OCC Pushes Back On Discovery Bid In Fintech Charter Fight
• ADA Web Accessibility Suits Threaten Credit Unions, Barr Told
• Ballard Spahr Hires 2 Banking Pros For Minneapolis Office
• Stakes Rise For Regulating Hard-To-Define Data Brokers
• Would-Be Investment Pro Gets 1 Year For Insider Trading
• Optum Struggles To Convince Judge Amazon Startup Is Rival
• Credit Suisse Must Face Investors' Risk Management Suit
• Ex-State Street Exec Decries Evidence Used To Convict Him
• US Bancorp Defends Benefits Calculations For Early Retirees
• Give Your Recession Obsession A Break
• Goldman Shareholders Sue Directors Over 1MDB Scandal
• A Chat With McDermott COO John Yoshimura
• UBS Fined €3.7B By French Court In Tax Fraud Case
• Ex-Barclays Chair In Dark Over Secret Qatar Fees, Jury Told
• US Bank Can't Save RMBS Suit, Keeps 2nd Chance In Another
• DC Circ. Says Pro-Israel Americans Must Face Conspiracy Suit
• KPMG Bosses Squeezed Me From Day 1, Cooperator Says
• Investors Bancorp Deal Notice Needs Fixing, Chancery Says
• LLC Plaintiffs Ruling Can't Save Banks From Mass. FCA Suit
• Wells Fargo Should Pay More After Tech Glitch, Couple Say
• Justices Deny LLC Owner's Appeal Over Financial Privacy Law
• HSBC Allocates $626M For Tax-Related Investigations
• Settlement Ends Kohl's Credit Card Fees Case Before Trial
• While Not A 'Platonic Ideal,' Irish Investor To Lead EZCorp Suit
• What Crypto Exchanges, Holders Can Learn From QuadrigaCX
• Royal Park Loses 2nd Cert. Try In BNY Mellon MBS Suit
• The Problem With 'Optimal' Diversity
• SEC Can't Ignore State Action On Fiduciary Rules
• Hacking Suspect Lauri Love Can't Reclaim Seized Computers
• Ex-Barclays Chair Feared Capital Plans Looked 'Too Clever'
• Estonia Orders Danske Bank To Exit Country Amid AML Probe
• EU Probes Denmark, Estonia For Danske Regulatory Failures
• The $1B Question: Can Puerto Rico Afford Its Bankruptcy Bills?
• Puerto Rico's Law Firms Find Their Footing After Disaster
• Facing Up To 24 Years, Manafort Gets No Help From Mueller
• TCPA Challengers Can't Go Around Gov't, High Court Told
• Puerto Rico Fed Board Was Illegally Appointed: 1st Circ.
• 7th Circ. Asked To Revive RICO Suit Against Seyfarth
• SEC Charges 4 In Elaborate Microcap Stock Fraud
• Optum Can't Get 1st Circ. To Block Ex-Exec From Startup
• Jurisdiction Key In 2nd Circ.'s Reviving Of US Bank-BofA Row
• Goldman Launches 2nd Appeal Of Class Cert. In 2nd Circ.
• Banker's Fake Doc Didn't Cinch Feds' Forgery Extradition Bid
• Taxation With Representation: Kirkland, McAfee, Latham
• Wells Fargo Wants Quick OK On Samuels Jewelers Credit Bid
• Ex-Goldman Exec Agrees To Face 1MDB Charges In US
• Ex-Vinson & Elkins Atty Joins Pillsbury In NY
• Restitution In Kohl's Credit Card Fight Is Up To Jury
• UK Litigation Roundup: Here's What You Missed In London
• Russia Liable For Seizing Crimea Investments, Tribunal Finds
• SEC's Evidence In Brokerage Fraud Suit Lacking, Judge Says
• How Newly Broadened Venezuela Sanctions Affect Securities
• 5 Considerations For Both Sides In Stadium Naming Deals
• German Watchdog Widens Deutsche Bank AML Investigation
• RBS Says Brexit Threatens $56B In Payments Business
• Tribe's Laws Trump Mont. Court In Crow Tribe's Bank Dispute
• Puerto Rico Fed. Board Sues For Island Senate's Financial Info
• FHFA Nominee Backs 30-Year Mortgage, Broader Reform
• Federal Student Loan Servicers Got Lax Oversight: DOE Audit
• Citigroup Class' Attys Spar Over $2.3M Fee In 401(k) Row
• Blockvest's ICO Promo Ruled A Security After Second Look
• Landry's Fights Visa To Keep $12M Claim In Data Breach Row
• Maker-Taker Fees In A Fragmented Equity Market
• Manafort Voided Plea Deal By Lying To Mueller, Judge Rules
• Insurers Needn't Cover IberiaBank's $11.7M FCA Deal
• Insurer Gets $1M Damages, $16M Lien Over Utah Development
• Wendy's Inks $50M Deal To End Hacked Payment Data Claims
• Ditech Cleared To Tap $1.9B Ch. 11 DIP Package
• Bankrupt Freight Co. Can Use $3M Cash From Banks
• 7th Circ. Restores Dealer Class In Auto Finance Interest Suit
• CFTC Publishes 1st Exam Cheat Sheet, Plans More Checks
• Feds Announce 10 Arrests In 2nd Phony Car Sales Scam
• ICJ Narrows Claim Objecting To U.S. Freezing Iranian Assets
• Covington Snags Ex-Wilson Sonsini Tech M&A Pro In Calif.
• Cohen Milstein, Levi & Korsinsky Get Lead In MoneyGram Row
• Del. Revenue At Risk In High Court Unclaimed Property Suit
• Norton Rose Steers Banking Co. Starling's $96M Fundraise
• Ex-Air Force Officer Spilled Secrets To Iran, Gov't Says
• Ex-Barclays Trader Tells Jury Euribor Tweaks 'Even' Out
• SEC Fines Deloitte Japan $2M In Auditor Independence Row
• Mediation Opening Arguments Should Not Be A Throwdown
• Recent Trends In FTC Consumer Protection Enforcement
• PCAOB Enforcement Actions Decline As Board Faces Change
• How Calif. Cannabis Rules Will Impact Investors And Lenders
• GOP Sens. Advance Plan To Speed Up Judicial Confirmations
• Holland & Knight Nabs Ex-Pillsbury Infrastructure Finance Pro
• Waypoint's $445M Ch. 11 Sale Of Choppers To Macquarie OK'd
• Restitution's Absence In Recent CFPB Deals Sparks Scrutiny
• Feds Tell Jury Of 'Cheating And Corruption' At Top Of KPMG
• Feds Warn Of Romance Scams Ahead Of Valentine's Day
• Ex-Goldman Sachs Exec Says Former Partner Owes $1.5M
• Petrobras, Wells Fargo Securities Deals Rank Among Top 100
• 1st Circ. Fast-Tracks Optum Trade Secrets Appeal
• BofA Sues NCUA For Breach Of Contract Over MBS Claims
• Wells Fargo Tries To Escape TelexFree Ponzi Scheme MDL
• KDDI Inks $794M Deal For Kabu Securities Minority Stake
• Debt Collector Can't Escape Suit Over Its Lack Of License
• Fresh Takes On Seeking Costs And Fees Under Rule 45
• Lehman Creditors Urge Top UK Court To Overturn Tax Bill
• Reg Rollbacks Seen As Bit Player In $28B BB&T-SunTrust Deal
• Debt Collector Can't Force Arbitration Over Card Agreements
• PE-Backed Lab Supplier, Med Device Co. File IPOs
• RBC's Former US Unit Settles Overdraft Cases For $7.5M
• Bank That Lent To Fraud-Linked Bible School Seeks $701K
• Schwab Can't Shake Fiduciary Claim In 401(k) Plan Dispute
• Tribal Court Should Decide Bank Battle, Crow Lawmaker Says
• Ex-Barclays Trader On Trial Felt 'Used' By Euribor Rate Plot
• Ditech Re-Enters Chapter 11 With Prepacked Restructuring
• Judging A Book: Smith Camp Reviews 'Echo Of Its Time'
• 3 Firms Steer Morgan Stanley's $900M Stock Admin Co. Buy
• Securities Class Action Filings Show No Signs Of Abating
• One Woman's Attempt To Rebuild After Hurricane Maria
• 'Now Is The Real Crisis': Puerto Ricans Struggle For Disaster Aid
• Looking To Start Over, Storm-Tossed Lawyers Land In Fla.
• Keep Mortgage Broker's Contempt Order, 4th Circ. Hears
• Challenge To Trump's '2-For-1' Reg Order Skirts Dismissal
• Bank Ordered To Allow Mont. Tribal Leader To Tap Accounts
• Dictator's Victims Urge NY Court Forward Amid Federal Delay
• Homeowners Fight PNC's Bid To DQ Atty In Foreclosure Suit
• Ex-Optum Exec Asks To Keep Working For Amazon Startup
• Deutsche Cooperator Skirts Prison In Libor-Rigging Case
• BNY Mellon Moves Charity's Fee Dispute To Pa. Federal Court
• $2.5M Navient Robocall Deal Finalized, $833K Attys Fees OK'd
• Visa Tops Mastercard With £247M Earthport Offer
• Taxation With Representation: Sullivan, Stroock, Vinson
• Principal Global Challenges Order Keeping 401(k) Row Alive
• 1 Global Notes Ruled Securities, Keeping SEC Suit Alive
• Momentive Disrupts Intercreditor Agreements And Reorgs
• Agencies Want Fewer Volcker Rule Restrictions
• UK Litigation Roundup: Here's What You Missed In London
• GDPR's Targeted Marketing Rules Reach Beyond Google
• France Hits Danske With Formal Money Laundering Probe
• Bank Wants Out Of Drugmaker MannKind's Stock-Drop Suit
• Global Cartel Enforcement Down, But Not Out
• Ex-Florida Atty Asks 2nd Circ. To Nix Money Laundering Rap
• Rate-Rigging Suit Targeting NYSE Owner Stays Out Of MDL
• Deals Rumor Mill: Dell, SoftBank, Carlyle
• Chamber Opposes Spoofing Case Against Deutsche Traders
• 'The Mooch' Talks Mayhem, Con Law, Lessons From Harvard
• Now In Congress: State Of The Union, Border Wall, Syria
• Supreme Court Urged To Free Iranian Cash Held By JPMorgan
• What Happens When Crypto Meets Insolvency
• Overdraft Fees Not Interest, Citizens Bank Tells 1st Circ.
• Credit Card Co. Investors Score $2.4M In IPO Suit Atty Fees
• EU Needs Stiffer AML Rules After Danske, Lawmakers Say
• Sullivan & Cromwell, Wachtell Lead $66B SunTrust, BB&T Deal
• Ex-Bank Execs Acquitted Of Straw Lending Fraud Scheme
• Thousands Of Wells Fargo Consultants Win Cert. In Wage Suit
• CFPB Pitches Axing Underwriting Provisions In Payday Rule
• Trump Taps Top Treasury Official To Lead World Bank
• Tax Lenders Class Action May Proceed, 4th Circ. Says
• Time Is Right For Fintech Charter Ruling, State Bank Org Says
• Action Items For Retirement Plan Sponsors In 2019
• Chase Unlikely To Take Hit In Alleged $17M Workspace Scam
• Jefferies Uses New York Law To Escape Texas Investors' Suit
• 2nd Circ. Affirms Dismissal Of US Bank's Untimely RMBS Suit
• Dentons Guides BMO Harris On $75M NYC Loan
• Sheppard Mullin Lures Morgan Lewis Finance Pro
• Why Proper Document Redaction May Be An Ethical Duty
• Ransomware's Dirty Little Secret: Most Corporate Victims Pay
• Takeaways From Military Member Complaints At CFPB
• Novo Banco Looks To Ax Hedge Fund's Debt Default Suit
• Barclays To Disclose Trader Data In $850M Metals Trading Suit
• Optum Suit Over Amazon Startup Paused Pending 1st Circ.
• Fed Says 2019 Stress Tests Will Include Biggest Jobless Jump
• Bank Wants Court To Hold Tribe's Cash Amid Leadership Row
• Wall Street Wants Backup To Fight Fraud Targeting Seniors
• Reed Smith Hires Former BNY Mellon Manager, UBS Director
• Feds Resist Judge's Call To Retrace Paul Weiss Libor Probe
• CFPB Hands $100K Fine To Payday Lender Cash Tyme
• Charles Schwab Says 9th Circ. Must Compel ERISA Arbitration
• Cooley Lands WilmerHale SEC Enforcement Expert, Litigator
• Businessman Wants $194M Award Nixed In Egypt Bond Row
• Feds Arrest Alleged H-1B Visa Schemer, IT Recruiter
• Bank Says It Can't Be Forced To Arbitrate $136M Loan Row
• Why I Became A Lawyer: A Refugee's Journey Of Firsts
• Experts Predict Strong 2019 For IPOs Amid Gov't Uncertainty
• SEC Exams Chief Puts Focus On New Technology, New Firms
• 1st Circ. Ponders 'Possible' Meaning In Fidelity Market Case
• Ex-Barclays Trader Tells Jury Influencing Euribor Was OK
• Wells Fargo Escapes TelexFree Ponzi Scheme MDL
• Some Cannabis Restrictions In Fla. Could Soon Be Extinct
• Goldman Tells Chancery Revived Suit Could Open Floodgates
• Puerto Rico Gets Green Light For $18B Sales Tax Debt Plan
• Judge DQs Atty For Man Implicated In $364M Consumer Scam
• Salesman Denied Bail Bid With 24/7 Security In $2B Fraud Row
• Ex-SEC Senior Counsel, Crypto Expert Joins Seward & Kissel
• Republic Creditors Seek $6M Clawback From Founder's Kid
• CPA Who Pilfered $862K From Client Gets 3½ Years In Prison
• Greenberg Opens New Minneapolis Office With DLA Crew
• Trader Testifies To Lack Of Euribor Training At London Trial
• Keeping PR Strategy Communications Privileged: Part 2
• Ex-Pharma CEO Convicted Of $100M Puerto Rico Bank Fraud
• As Puerto Rico Recovers, Courts Heed Lessons Of Disaster
• Ex-WaMu Execs Lose Del. Ch. 11 Fight For Pay Incentives
• Idaho Sen. Unveils Outline For Housing Finance Reform
• A Year Of The Granston Memo Policy In Practice
• CFPB Unveils Settlement In NDG Online Payday Lending Case
• Sanctions Sunk Against Yacht Co. In $4.4B Comerica Suit
• US Oil Sanctions Make Venezuela A Compliance Minefield
• Banks Can't Redact Docs In Gold Price-Fix Suit, Sellers Say
• 10 Firms Will Steer 6 IPOs Raising $724M To Start February
• Ex-Heartland Worker Can't Keep Poaching, 3rd Circ. Says
• Colorado Could Carve Smoother Path For Digital Tokens
• $22M BofA Overdraft Deal Gets Final OK Despite Objections
• Cyprus Sees $1.4B Arbitration Claim Over Failed Bank Nixed
• Conn. Broker Wants Malpractice Suit Sent To State Court
• Univ. Of Miami Backs Stanford Investor's Clawback Appeal
• UK Litigation Roundup: Here's What You Missed In London
• UK Councils Sue Barclays Over Costly Loans Linked To Libor
• Applying UCC Notice Exemptions To Cryptocurrency Sales
• Keeping PR Strategy Communications Privileged: Part 1
• Danske Bank To Spend $307M On AML Defenses Amid Probe