Banking Archive » August, 2019

Banking - August, 2019

314 articles

• Amid Acute Regulatory Pressure, Can Libra Hold It Together?
• Royal Park Says It's Settling RMBS Suit Against HSBC
• Bank Trustee Urges Justices To Examine Court's Refund Rule
• Investors Can Ask To Depose UK Traders In Forex Suit
• Borrowers Seek Class Cert. In Wells Fargo Foreclosure Suit
• Paul Hastings Nabs Skadden Capital Markets Pro In LA
• New Best Practices Under E-Discovery Spoliation Rule
• Dutch Call For European Method To Deal With FATCA Hassles
• UK Litigation Roundup: Here's What You Missed In London
• Del. Justices Deny Fee Appeal In Goldman Sachs Suit
• Pa. AG Can Bring Parallel Navient Claims, CFPB Tells 3rd Circ.
• Financier Says Docs Not His To Give In Panama Papers Case
• Checking Patent Owner Urges Fed. Circ. To Rethink Alice Nix
• Credit Card Processor Must Face FTC's Monetary Claims
• Treasury Blacklists Lebanese Bank Over Hezbollah Ties
• CFPB Settles With Ill. Debt Collector It Says Made Threats
• Live Well Financial Execs Charged With Overvaluing Bonds
• Deals Rumor Mill: Aramco, Hilton Grand Vacations, Ferretti
• Calif. Tribe Asks NY Court To Nix Wells Fargo Loan Suit
• How Law Firms Can Create Content Decision Makers Will Read
• SEC Says Florida Man's Sham Offering Lured 4 Investors
• Cboe Wants Out Of Index Manipulation MDL For Good
• Deutsche Bank Wins $2.5M In Ponzi-Related Overdraft Suit
• 4 NY Cases Forge Post-Cyan Securities Litigation Landscape
• BofA, JPMorgan Strike $1.5M Deals In Libor-Rigging Suit
• Real Estate Rumors: Crescent Heights, Goldman, Peppercorn
• Puerto Rico Officials Blast Oversight Board In High Court Brief
• Grand Jury Indicts Hacking Suspect In Capital One Breach
• NY's Restored Martin Act Clock May See Old Claims Tested
• Ex-CPA Indicted With Failing To Report Foreign Accounts
• Builders Split Liability In $22M Accident At Goldman Sachs
• Venmo's Data Privacy Cause For 'Deep Concern,' Mozilla Says
• Ditech Ch. 11 Plan Ignores Customers' Interests, Judge Says
• ResCap Sues LendingTree To Collect $68.5M Judgment
• Willkie, Davis Polk Steer Banking Co. Deal Worth Up To $580M
• Firm Can't Nix Debt Collector's Libel Claims Over Its Website
• Merrill Lynch Must Face Misleading 529 Plan Tax Savings Suit
• Bias Accuser Can't Dodge Costly Arbitration, E&Y Argues
• 11th Circ. Revives Suit Over Credit Union Overdraft Fees
• 10th Circ.'s Securities Fraud Reading May Be Too Broad
• Bitcoin 'Inventor' Ordered To Give Up Half Of Bitcoin Holdings
• CFPB Fines Cash Transmitter In 1st Remittance Rule Case
• Fund To Pay NY $2.8M For Backing Alleged Mortgage Scheme
• Publicizing Whistleblower Claims Doesn't Always Pay Off
• UK Fintechs Are Worried About Brexit's Impact, Report Says
• Deutsche Bank Tells 2nd Circ. It Has Trump Tax Documents
• Blockvest Owner Can't Escape Senior Couple's Securities Suit
• Hedge Fund Manager Accused Of $100M Investment Scheme
• 2nd Circ. Revives Aluminum Buyers' Antitrust Case
• Kirkland Atty Aims To Sink Malpractice Suit Over Loan Docs
• Deals Rumor Mill: McAfee, Revlon, JPMorgan
• VC-Backed Fintech Biz Bond Financial Lands $10M Seed
• Calif. Atty Sanctioned For Ignoring Discovery Bid In IP Dispute
• Cryptocurrency Presents Puzzle For Unclaimed Property Laws
• When Shareholders Can Bring Direct Claims In Cayman Court
• Deutsche Borse Unit Raided In Cum-Ex Tax Scam Probe
• Implementing ISDA's Credit Derivatives Definition Changes
• Capital One Hack Victims Agree On Consolidation, Not Venue
• NY Extends Clock For Bringing Martin Act Suits To 6 Years
• Former Bryan Cave Partner Appointed Cred General Counsel
• Tribe Will Let Mortgage Financing Suit Go After HUD Retreat
• Real Estate Rumors: Brookfield, RREEF, Ill. Condo Complex
• Blockchain Firms Must Respect AML Laws, Swiss Say
• Ukrainian Oligarchs Sued Over $100M Loan 'Sham'
• 1 Global Receiver Seeks To Recover $4.3M Ex-CEO Payments
• Atty Left Out Of $3M Fee Bid In BNY Mellon Settlement
• Gibson Dunn Grabs Banking Partner From Debevoise
• Investment Company Act Circuit Split Exposes Mutual Funds
• Accused Capital One Hacker Must Await Trial In Custody
• Dems Urge Tighter Gov't Scrutiny Of Banks' Cloud Providers
• FTC Enforcement Faces Uncertainty After 7th Circ. Ruling
• Fees On Crypto Purchases Didn't Breach Contract: Chase
• Zillow Board Wants Derivative Suit Over CFPB Probe Tossed
• Wells Fargo Can't Shake Sacramento Redlining Suit
• Fed Chair: 'No Recent Precedents' For Trump's Trade War
• 7th Circ. Says FTC's $5M Restitution Award Can't Stick
• PROMESA Board Is Unconstitutional, Aurelius Tells Justices
• Tribal Lender, TransUnion Violated FCRA: Fla. Suit
• Judge Says Lehman Mortgage Suit Stays In Bankruptcy Court
• 2nd Circ. Goes Into Fact-Finding Mode On Trump Subpoenas
• 2 Cannabis Bills Would Benefit Banks, Businesses And Gov't
• Crypto Co. Seeks To Escape Suit Over Fake Trading Platform
• FTC Cybersecurity Cases Highlight Benefits, Risks Of Settling
• Mastercard Alerts Germany, Belgium To Vendor Data Leak
• UK Litigation Roundup: Here's What You Missed In London
• Deutsche Bank Pays SEC $16M Over Russia, China Hiring
• Racetracks Owner Sued For $46M Over Lease For Generators
• $1.6M Atty Award OK'd In Mortgage Co. Call-Taping Settlement
• Hinshaw Nabs LeClairRyan Consumer Finance Atty In LA
• Legal Staffing Co. Seeks $100M From Former Subcontractor
• Int'l Fraud, Laundering Schemes Hit Law Firms, Feds Say
• Deals Rumor Mill: KKR, SocGen, Thyssenkrupp
• Walmart Adds Former Capital One Atty To Legal Team
• 'Reasonable' Security Will Be Key In Calif. Data Breach Cases
• State Banking Regulators Look To Help Fintech Follow Rules
• SEC's No-Action Letters Confer Utility Token Guidance
• Greenberg Traurig Was Key To Stanford Ponzi, Receiver Says
• Fed Banks Defend Ability To Bring PTAB Challenges
• Fintech Startup Pagaya Issues $115M ABS To Expand Platform
• Synchrony Investors Fight Bid To Toss Suit Over Walmart Exit
• 3 Questions After The 9th Circ. Greenlights ERISA Arbitration
• Goldman, Citi and JPM Lead US Banks Funding Fintech Cos.
• Boustani Says No US Ties To Alleged Mozambique Fraud
• Accused Capital One Hacker Says Men's Jail Risks Her Health
• Del. Court Nixes Review Bid In Deutsche Suit Over Vik Debt
• Real Estate Rumors: Blackstone, MetLife, John Buck
• Warren Presses Wells Fargo On Closed Account Fees Report
• Foley & Lardner Snags Boston Finance Pro From WilmerHale
• Tilton Fails To Convince Judge To Toss Bank's Fraud Suit
• Diebold Hit With Securities Fraud Suit Over Costly Merger
• Deals Rumor Mill: Alibaba, Goldman Sachs, Cigna
• RPS Ventures Helps PayPal-Backed Microloan Co. Nab $110M
• Litigation Finance Can And Should Protect Its Reputation
• Ex-SEC Cyber Chief Headed To Davis Polk
• Changes Bring Structure To SEC Settlement Waiver Process
• Polsinelli Nabs Bilzin Sumberg Partner For New Miami Office
• Fintech Adoption Poised For Growth In US Despite Lag
• Investor Slams Bid To Ax Claim In $28.7M Award Row
• Money Laundering Row Can't Be Litigated, NY Court Hears
• Bankruptcy Tech Co. Owner Looks To Duck Antitrust Suit
• 2nd Ex-JP Morgan Metals Trader Cops To Spoofing
• Crypto Platform Sets $130M Target In Rare IPO Filing
• CFTC's Silence Stings In Wheat Futures Manipulation Case
• A Robust Federal Consumer Protection Law May Be Ahead
• Navajo Nation Ends Appeal Of Wells Fargo Fake Accounts Suit
• 9th Circ. Says Schwab Can Push ERISA Case To Arbitration
• Bank Regulators Sign Off On Finalized Volcker Rule Changes
• Judicial Immunity Ends Suit Over Mass. Judge's Rulings
• Ex-Morgan Stanley Worker Can't Duck Arbitration: 7th Circ.
• Casino Cameras Need To Record Cellphones, Pa. Court Told
• Credit Unions Get Initial OK For Hemp Banking
• NRA Denied Sit-In On NY AG's Oliver North Deposition, Twice
• Commerzbank Bids For Quick Wins In BNY Mellon RMBS Suit
• BofA Seeking Patent For 'Multi-Tiered' Crypto Wallet Security
• Binance Eyes Gov't Partnerships With New Crypto Initiative
• Breaking Down The SEC's Regulation Best Interest
• GE Again Denies Report Of $38B Accounting Fraud
• Issues To Avoid In Fintech, Consumer Financial Services M&A
• Hong Kong Agencies Ink Pact To Combat Financial Crime
• 4 Life Science Cos. Lead 5 IPO Filings Totaling $476M
• Thornton Slams Ex-Judge For 'Misleading' Court In Fee Fight
• Feds Beef Up Boustani Indictment Before Dismissal Args
• What 2 Recent OFAC Cases Say About Compliance Priorities
• CFTC Fights Kraft's Sanctions Bid Over $16M Wheat Suit Deal
• Argentina Hit With €384M UK Suit Over Bond Payout
• Crisis Messaging To Protect Law Firm Brand And Bottom Line
• Kraft Says CFTC Press Release Broke $16M Wheat Suit Deal
• Trump Taps Embattled Lender's Exec As Student Loan Monitor
• US Bank's High Court Pension Row May Have Broad Impact
• Atty Can't Tap Into Receiver Assets In Belize Fraud Case
• BMO Capital To Pay $4M To Settle ADR Mishandling Claims
• NRA Bid To Stall NY AG's Oliver North Deposition Denied
• Curo Says Investors Can't Show It Hid Regulatory Risks
• Walmart Knew Gift Cards Were Tampered With, Buyers Say
• Taxation With Representation: Shearman, Cleary, Wachtell
• Shuttered Investment Co.'s Libor Claims Against UBS Tossed
• Citi Investors Drop $2.3B Toxic Mortgage Class Action
• The Escalating Sanctions Against Venezuela, Russia And Iran
• Unpacking The OFCCP's Proposed Audit Compliance Letters
• JPMorgan Says COBRA Notice Was Fine In ERISA Suit
• Ohio's Payday Lending Regs May Inform Other State Efforts
• 2 Firms Steer ConnectOne's $113M NJ Bank Biz Buy
• UK Litigation Roundup: Here's What You Missed In London
• Court Nixes Bitcoin Founder's Escape Bid Amid 'Tangled Web'
• 11th Circ. Won't Revive Suit Over Ocwen's Software Problems
• Sen. Warren, Pols Question CFPB Official's 'Hate Group' Links
• Assessing The Cost, Legal Fallout Of Capital One Data Breach
• Debt Collector For Capital One Accounts Hit With FDCPA Suit
• 1 Global Exec, Facing Criminal Case, Admits To SEC Claims
• Privilege Can't Shield Docs In Panama Papers Case, US Says
• What You Should Know About Courtroom Closures
• Kansas Bank, Chinese Lender Price IPOs Raising $187M
• 3 Firms Guide $393M GoldenTree Insurance Deal
• Next US Move Against Iran Could Block Humanitarian Aid
• Raydon Says 'Personal Animus' Dooms Class In ESOP Suit
• Chicago Says It Can Sue Marriott Over Data Breach
• LeClairRyan Enviro Head, Texas Team Move To New Firms
• Kraft, Mondelez To Pay $16M In CFTC Wheat Futures Case
• Capital One Hacker Hit Dozens Of Other Entities, Feds Say
• Homeowners Seek OK Of Nationstar Deal In Mortgage Tax Suit
• NJ Atty Can't Beat Convictions In Mortgage Fraud Scheme
• Chinese Lending Platform Pulls $80M Shearman-Led IPO
• Debt Collector Sued For Lacking Pa. License To Seek Interest
• SEC Fines Broker-Dealer Canaccord Over Lax Compliance
• White & Case Snags Bracewell Energy Finance Pro In Houston
• Deals Rumor Mill: KKR, OCBC Bank, ExxonMobil
• Anderson Kill Expands Crypto With New Partner Bob Cornish
• Individual Claim Survives In Suit Over BofA Stop-Payment Fee
• 2nd Circ. Revives Decades-Old Suit Over A.R. Baron Fraud
• Chancery Says It Doesn't Handle Defamation Claims
• Huawei Says Discovery Limits Would Handcuff Its Defense
• Reality TV Stars Indicted On Bank Fraud, Tax Evasion
• Accused NY Forex Fraudsters Get Separate Trials
• 10th Circ. Affirms SEC Sanctions Over Brokerage Conflicts
• Big Banks Get Dozens Of Claims Cut From Libor-Rigging MDL
• FinCEN Dir. Talks Security At Anti-Money Laundering Meeting
• 9th Circ. Judge Questions Quarles & Brady Malpractice Claim
• Atty Wants Jury Trial On Whether Ex-Partner Withheld Fees
• Why I Became A Lawyer: A Seaweed Scientist's Odyssey
• Advisers Can Borrow From Banking's Model Risk Playbook
• Equifax Fights Investors' Cert. Bid In Data Breach Suit
• Squire Patton, Sullivan & Cromwell Steer CIT's $1B Bank Buy
• Investors Float Fixes To 'Problematic' Libor Deal Distribution
• 3rd Circ. Says QR Codes On Debt Letters Violate Law
• CBS Workers Want $40M In Wake Of Credit Union Implosion
• Feds Botched FDCPA Time Limit Rule, Justices Told
• ITT To Pay $60M To Settle CFPB's Predatory Lending Suit
• CFTC's $103M Yukom Fraud Suit Follows Exec's Conviction
• Top UK Corporate Crime Decisions Of 2019: Mid-Year Review
• Blockstack Token Offering Establishes Reg A+ Prototype
• RBC Analyst Accused Of Making $99K Insider Trading Profit
• National Australia Bank Injects $242M Into UK Fintech Co.
• Mistakes Vs. Falsehoods In Trade Controls Submissions
• Payroll Co. Interlogic Files Ch. 11 After KeyBank Suit
• SEC Defends Its Judges' Removal Protections At 5th Circ.
• Will The Fed's Real-Time Payments Plan Be Tested In Court?
• Charity Accused Of Iran Sanctions Violations Gets New Trial
• NRA, NY Officials Denied Docs Bids In Discrimination Suit
• Financial Adviser, Ex-CEO Dodge Suit Over $10.5M ESOP Buy
• Credit Union To Pay $1.8M Over 'Misleading' Overdraft Policy
• Investors Want UK Traders To Testify In Last Leg Of Forex Suit
• Brand Battles: Starbucks Aims To Sink 'Siren' Trademark
• Real Estate Rumors: NY Community Bank, Acore, Springbank
• Kessler Topaz Must Wait On VIX Manipulation MDL Top Spot
• Ex-KPMG Accountant Gets 8 Months For Inspection Plan Theft
• 3 Firms Guide OceanFirst Bank Deals Valued At $285M Total
• UK Litigation Roundup: Here's What You Missed In London
• Malaysia Charges 17 Goldman Sachs Execs In Bond Scandal
• Fed. Circ. Won't Revive ABA's Fed Reserve Dividend Cut Suit
• Ditech, Customers Continue Ch. 11 Plan Wrangle
• Developers Land $300M Loan For Downtown Miami Tower
• Women Can't Get Redo Of Goldman Sex Bias Trial's Focus
• Ex-DOJ Brass Expects More FCPA Deals With Subsidiaries
• Chancery Halts Early Appeal Of Chase's $69M IP Royalty Bid
• Shipping, Aircraft Cos. Warned For Sanctions Nondisclosure
• 2nd Circ. Says HSBC Can't Be Held Liable For Terror Attacks
• Armenian Genocide Descendants' Suit Time-Barred: 9th Circ.
• Blank Rome Adds Ex-Pepper Hamilton Fintech Pro In NY
• 5th Circ. Says DQ'd Juror Can't Sink $298M FCA Verdict
• Investors Want 2nd Shot At Bank Over Oilfield Co. Foreclosure
• Insurer Seeks Sanctions For Altered Docs In Leaky Roof Suit
• How Connected Cars Will Merge With Payment Technology
• Clients Benefit From Law Firm Expense Growth
• Ex-Barclays Execs Face New Charges In Qatar Fraud Trial
• Newsom Wants $331M Settlement To Go To Housing Legal Aid
• Nigerian Bank's US Account Is Safe In $276M Award Row
• Consumers Raise Legal Claims At Ditech Ch. 11 Confirmation
• Fed Banks Have No Place At PTAB, Fed. Circ. Told
• Texas Justices Asked To Seal Trade Secrets In $706M Dispute
• Goldman Sachs, Others Escape Stock-Loan Antitrust Suit
• NY Appeals Court Won't Revive Goldman Sachs Fraud Suit
• Changing Ethics Rules Is Key To Law Firm Innovation
• Privacy Enforcement Shows Evolving Regulatory Expectations
• Fox Rothschild Brings On Turner Padget Bankruptcy Partner
• Luxembourg Bank Denies Plotting To Tank Qatar's Currency
• DC Circ. Won't Let 3 Chinese Banks Duck US Subpoenas
• $37M Award Over Assets Should Be Revived, 2nd Circ. Hears
• MetWest Asset Management Wins Trial Over Advisory Fees
• Trump Has Few New Legal Tools In Chinese Currency Squeeze
• NY Leads Multistate Investigation Of Payroll Advance Industry
• Alternative Data Use Can Expand Credit Access, CFPB Says
• Claims Trimmed In US Bank Premium Point Fraud Suit
• Ex-Wells Fargo Manager Cops To Helping Tax Fraudsters
• 6th Circ. Clears 2, Says Bank Fraud Was 'Wrong Crime'
• UBS Defends Doc Request In DOJ's Crisis-Era RMBS Suit
• Ex-Citi Exec Doesn't Have To Arbitrate SOX Claim: 3rd Circ.
• 9th Circ. Opinion Validates Broader CFTC Authority
• Mastercard Swipes Processor's Corporate Biz For $3.2B
• HSBC To Pay Belgium €294M To End Criminal Tax Probe
• Bitcoin 'Creator' Rebuts Expert's Forgery Finding In $10B Suit
• Kessler Topaz Wants Back On Top Of VIX Manipulation MDL
• Man Gets 24 Yrs For $1M Investment Hoax Aimed At Seniors
• Fed Plans To Develop Its Own Real-Time Payment System
• Chancery Orders Trial On Alleged 'Loan To Own' Art Scam
• 2nd Circ. Upholds Senior Noteholders' Win In Liquidation Row
• Trump Labels China A Currency Manipulator As Tensions Rise
• 4 Firms Steer $1.4B New Media, Gannett Tie-Up
• Swiss Bank To Pay $11M For Hiding US Accounts From IRS
• Wells Fargo's $394M MDL Deal OK'd, But Fees Face Hard Look
• 2nd Circ. Rejects Ex-Guinea Official's McDonnell Appeal
• Fed Banks Not Covered Under FCA, Gov't Tells 2nd Circ.
• Judging A Book: Castillo Reviews 'Raising The Bar'
• Offit Kurman Hit With Suit Over $10M Employment Judgment
• ProShares Says 'Volpocalypse' Risks Were Fully Disclosed
• A Road Map For A Cryptocurrency Crackdown: Part 3
• Stinson-Led Bank CrossFirst Readies $114M IPO
• DOL Scores $6.5M Win In Suit Over Employee Stock Deal
• Ex-Tax Official Says She Was Axed Over NY Judicial Race
• Fox Inks $265M Deal For Fintech Co. Credible Labs
• Skadden Steers Hong Kong Investment Firm's $174M IPO
• 2nd Circ.'s Approach To Bail Is Backward
• Berger Montague Looks West With San Diego Office Launch
• FTC Wins Asset Freeze In Sprawling Belize RE Fraud Case
• Congress Asks Capital One, Amazon For Answers On Breach
• CFTC Fintech Chief Set For August Private Sector Jump
• Nissan To Pay $3M Over Military Members' Repossessed Cars
• Exclusion From Male Group Can't Sustain Job Bias Claim
• Puerto Rico Bank Asks Supreme Court To Shield Fed Board
• SEC Gets Backing In Exchange Fee Spat At DC Circ.
• A Road Map For A Cryptocurrency Crackdown: Part 2
• Ex-UBS Compliance Pro Appeals Insider Dealing Sentence
• UK Litigation Roundup: Here's What You Missed In London
• PTAB Skeptical Reward Points Patent Can Clear Alice Bar
• Chase Can't Ditch Cardholder Suit Over Crypto Switch
• 2nd Circ. Rejects Two-Tiered Bail System Favoring The Rich
• Marriott Looks To Throw Out La. Bank's Data Breach Suit
• Senate Clears Two-Year Budget Deal, Punts Borrowing Cap
• 5th Circ. Wrong To Nix $65M Stanford Ponzi Deal, Lloyd's Says
• 1st Circ. Won't Rethink Puerto Rico Bondholder Ruling
• Deutsche Asks For Early Win In Preferred Securities Suit
• A Road Map For A Cryptocurrency Crackdown: Part 1
• Berger Singerman Lands Greenberg Traurig Litigator
• Key Fair Lending Insights From DOJ 'Redlining' Deal
• Banks Slam Investors' 'Vague' UK Forex Rigging Suit