Banking Archive » March, 2020

Banking - March, 2020

349 articles

• PNC's Legal Bills Are Off-Limits In Assault Case, Bank Says
• Convicted Mortgage Broker Sues Ex-Atty For Sleeping At Trial
• Judge Won't Block Robinhood's Communications With Users
• SEC Grants Rare Compliance-Related Whistleblower Award
• Synchrony Wins Toss Of Investor Suit Over Walmart Exit
• Feds Ask 2nd Circ. To Nix Ex-SocGen Exec's Fugitive Appeal
• Japanese Fintech Kyash Lands $45M Series C Funding Round
• Bank Of America Escapes Overdraft Fee Class Claims For Now
• Pa. Mall Rips Wells Fargo's 'Outrageous' COVID-19 Rent Grab
• Law Firm Pay Cuts, Layoffs Will Likely Multiply
• AT&T Looks To Nix Some Of Crypto Investor's Hacking Suit
• Williams & Connolly Enters Halkbank Case For 'Fresh Start'
• Kirkland Atty Can't Ditch Malpractice Suit Over Loan Docs
• 3 Steps To Building Effective Teams While On Lockdown
• Chancery OKs $22M Deal To End $1.4B Fintech Merger Suit
• Barclays Denies Misusing Info In Failed Reinsurer Takeover
• Cadwalader Cuts Pay Across The Firm To Weather Pandemic
• Standard Chartered Fined £20.5M For Violating Sanctions
• Pandemic's Fallout May Include Heightened Fair Lending Risk
• Traders' Platinum, Palladium Antitrust Claims Nixed For Now
• 5 FCA Enforcement Predictions After Coronavirus Relief Bill
• Companies Forced To Get Creative As Public Markets Stall
• 4 COVID-19 Questions Clients Are Asking Real Estate Lawyers
• Fintech Exec Wants SEC's Discovery 'Haystack' Organized
• Law Firm Mergers Dry Up Due To Coronavirus Pandemic
• Justices Urged To Protect Millions Of Calif. Arbitration Clauses
• Client Advocacy Tips For Remote Hearings During COVID-19
• How To Conduct Depositions Remotely
• Kirkland, Skadden Steer SMBC And Ares' $384M Alliance
• Ex-BigLaw Atty To Be Freed From Miami Jail Due To Virus Risk
• The Attys And Legal Logic Behind Stay-At-Home Orders
• Bank Regulators Unveil 2-Year Delay For CECL Adopters
• User Says Robinhood Is Trying To 'Wipe Out' Class Claims
• COVID-19 Fuels Heated Fight Over CCPA Enforcement Timing
• Ex-BigLaw Atty Can't Use Pandemic To Skirt Jail, Feds Say
• Wells Fargo Agrees To Settle Calif. Mortgage Class Action
• DLA Piper Brings Ex-Paul Hastings Atty To San Francisco
• Holland & Knight Nabs Ex-Kirkland Financing Atty
• COVID-19 Crisis Exposes Libor Replacement's Weaknesses
• Collaboration Is Key For Entertainment Cos. In Virus Era
• NY Justices Take Up JP Morgan's $140M Coverage Battle
• Sterling Bank Hid Risk, Tanking Stock, Investors Say
• A Guide To Zealously Representing Clients During COVID-19
• Attys Call Quinn Emanuel's Sanctions Bid 'Waste Of Time'
• Calif. Rule 'Eviscerates' Arbitration Act, Banking Industry Says
• Big Chunk Of Goldman Sex Bias Class Booted To Arbitration
• UK Litigation Roundup: Here's What You Missed In London
• Judge Axes Investors' Libor Rigging Suit As 'Wishful Thinking'
• Harvest Health, Verano Ax Planned Merger Amid Virus Woes
• CFPB Halts Some Reporting Reqs, Eyes Exam Scheduling
• Ex-Merrill Lynch Trader Wants Spoofing Scheme Charge Axed
• Feds Urge Small-Dollar Bank Lending Amid COVID-19 Crisis
• COVID-19 Relief Could Be Catalyst For A Digital Dollar
• Jailed Ex-BigLaw Atty Wants Bail Restored Before Sentencing
• SEC Staff Offers Road Map For COVID-19 Risk Disclosures
• Judge Allows Discovery Over Retrieval-Masters Data Breach
• Deals Rumor Mill: SoftBank, Neiman Marcus, UniCredit
• Student Lender Sued For Nixing Interest Cut Amid Pandemic
• British Land Extends $547M Credit Facility Amid COVID-19
• Pandemic Poses Distressed Debt Opportunities, CFIUS Risks
• Past Crises Model Virus Response For Mortgage Industry
• Coronavirus Creates A Strange New World For State AGs
• NY Pair Can't Cite Silver Ruling To Shake Bribery Case
• 7 Ways Attys Can Create The Right Home Office Environment
• House Set To Pass $2T Virus Bill As Pelosi Eyes Next Steps
• US Charges Venezuelan President With Drug Trafficking
• US Banks Escape Bond Price-Fix Suit
• REIT Claims Royal Bank Of Canada Is Exploiting Market Crisis
• NY Fed Beats 'Narrow Bank' Master Account Suit
• CEO Owes $58.7M To Wells Fargo, Trustmark After Default
• And Now A Word From The Panel: Spotlight On MDL Venue
• TD Ameritrade Investor Seeks Halt Of $26B Schwab Deal
• 10 E-Discovery Challenges Caused By COVID-19
• 4 Firms Vie To Lead Investor Suit Against Web Browser Co.
• IRS Extends FATCA Filing Deadline To July 15
• Paul Weiss Nabs Simpson Thacher International Tax Pro
• COVID-19 As A Material Adverse Change In M&A Agreements
• Coronavirus Could Complicate Libor Transition, FCA Warns
• Consumer Group Urges Calif. AG Not To Delay CCPA Start
• Loan Customers' Attys Seek $8M In Fees From Experian Deal
• Court Puts Pot Cos.' Claims Against Fiserv Unit On Hold
• 7th Circ. Upholds Chicago Exchanges' Antitrust Win
• Feds Fight Ex-Atty's Bid To Nix Crypto Money Laundering Rap
• Fed Will Scale Back Bank Exams Amid COVID-19 Crisis
• Wells Fargo Wants $500K Disability Suit Damages Slashed
• Wells Fargo Seeks Stay Without Bond, Citing $1.7T In Assets
• Offit Kurman Exits Suit Over $10M Employment Judgment
• Credit Facility Accessibility During The COVID-19 Pandemic
• Pa. Atty Accused Of Running $2.7M Ponzi Scheme
• How To Fairly Consider Job Applicants With Criminal Records
• Public Interest Groups Call For Federal Rulemaking Freeze
• Remote Online Notarization Will Support Business Continuity
• BigLaw Leaders Must Prepare For COVID-19 Economic Fallout
• Adviser To Pay $35M In SEC Action Over Hiding Losses
• Aussie Bank Scores $256M Emirati Investment
• JPMorgan Chase Says NY Escrow Interest Suit Is Preempted
• Zillow Fights Class Cert. In Co-Marketing Investor Suit
• SIFMA Urges Governors To Deem Financial Firms 'Essential'
• Real Estate Rumors: Gemini Rosemont, Atheneum, Truist
• SEC Relaxes Rules For Transfer Agents Impacted By Virus
• Stinson Expands Dallas Office With Banking M&A Partner
• Dems Seek Overdraft Fee Ban For COVID-19 Emergency
• 3 Ways Leaders Can Improve Remote Work For Lawyers
• Tips For Online Mediation In The Age Of Social Distancing
• Supreme Court Rejects 3 Alice Patent Appeals
• Justices Pass On $16M Quarles & Brady Loan Advice Dispute
• Lloyds Bank Hit With Another Suit Over Libor-Tied Swaps
• 15 Minutes With Visa's General Counsel
• SoftBank Readies $41B Asset Sale, $18B Stock Buyback Plan
• AML Probe Says Swedbank Handled $40B In 'High Risk' Funds
• Full 5th Circ. Will Review CFPB Constitutionality Case
• Investors Can't Get $614M In Fees From Stuy Town Sale
• Pandemic Deemed 'Perfect Storm' For Fraud In The Markets
• LendingTree Can't Slip ResCap's Quest For $68.5M Judgment
• K&L Gates Loses Appeal In $100M Nanotech Malpractice Suit
• Updating Publicly Traded Company Disclosures For COVID-19
• Atty Pushes High Court To Review Tribal Lending Conviction
• Madoff Feeder Fund Investors Seek Toss Of Clawback Case
• Wells Fargo Can't Put Mortgage Action On Ice, Judge Says
• UK Litigation Roundup: Here's What You Missed In London
• State Groups Ask Trump For Rulemaking Halt Amid Outbreak
• FINRA Hires Schwab Exec To New Financial Crimes Post
• Ex-CFPB Expert Didn't Switch Sides For Navient, Report Says
• COVID-19 Warrants CCPA Enforcement Delay, Calif. AG Told
• Make Capital Easier To Get, Watchdog Tells Small Biz Program
• Fintech Could See Adoption Bump After Outbreak Eases
• Pot Credit Card Co. Says Ex-Client Just Wants To Punish It
• Ex-KPMG Exec Asks 2nd Circ. To Overturn Conviction
• Ariz. Payment Firms Cite High Court Disgorgement Arguments
• 8th Circ. Says Missouri Court Erred On Ch. 11 Interest Ruling
• Atty In TelexFree MDL Avoids Ouster After Admitting Missteps
• Investors Fight LendingClub Bid To Ditch Hidden-Fee Suit
• Ill. Justices Say Investment Co. Acted As Bank In Doctor's Suit
• Rethinking Flood Insurance In The Age Of Climate Change
• COVID-19 Risks For Over-The-Counter Derivatives Markets
• The Rising COVID-19 Bankruptcy Risks
• Feds Will Give Banks CRA Credit For Pandemic Relief Efforts
• 5th Circ. Says IberiaBank Not Covered For $11.7M FCA Deal
• 5 More Morrison & Foerster SALT Lawyers Join Blank Rome
• Swedbank Fined $386M Over Money Laundering Failures
• US Bank Beats Crisis-Era RMBS Suit With 'Champerty' Arg
• Square Gets FDIC's Approval To Launch A Bank In 2021
• Justices Asked To Review Seyfarth Tax Shelter RICO Suit
• Fiserv Escapes Patent Suit Over Identity Protection Tech
• Retailers Drop 2nd Circ. Appeal Of AmEx Arbitration Order
• Justices Urged To Stop 1-Line Orders When Law Is 'Unsettled'
• Virus Prompts SEC To Ease Deadlines For Delayed Audit Trail
• PNC Denies Concealing Or Altering Video In Sex Assault Case
• US Actions Show View Of Crypto As National Security Threat
• Former DOJ Atty Weighs In On Ex-Traders' Misconduct Claims
• Homeowners Seek Stay Of Foreclosure Fee Suit Due To Virus
• 'Housewives' Star, Girardi Get Loan Fight Sent To Arbitration
• Brothers Get 2 Years For Robbing Crypto Retirement Fund
• Robbins Geller Gets $6.5M For Banc Of California Settlement
• A Work-From-Home Tech Checklist For Law Firms
• Chancery Urged To OK $22M Deal To End Fintech Merger Suit
• Agencies Move To Halt Foreclosures, Evictions Amid Outbreak
• Workers Say AutoZone Must Face $60M Suit Over 401(k) Plan
• Customers Sue Robinhood Financial Over Platform Crash
• Treasury Dept. Details $1T COVID-19 Relief Proposal
• Wells Fargo's Outgoing GC Will Come Away With $8.3M
• Financial Agencies Urged To Halt All Non-COVID Rulemakings
• Congress, Mnuchin Start On $1T COVID-19 Relief Deal
• Ex-Wells Fargo Portolio Manager Wins $500K In Disability Suit
• HSBC Money-Laundering Deal Relevant To Forex, Court Told
• Bankers Fear FCC Robocall Plan Will Block Fraud Alerts
• 7 Keys To Keeping Your Firm Inclusive In The Coronavirus Era
• Pandemic May Disrupt Discovery In Credit Suisse Forex Case
• Fla. Loan Manager Gets 15 Months Over $3M Hotel Fraud
• YogaWorks Investors Urge Court To Keep IPO Suit Alive
• Raydon Workers Win Class Cert. In ERISA Suit
• Libor Transition Plans Could Take Hit From COVID-19 Turmoil
• Wells Fargo Accused Of Fraud That Ruined Film On The Clash
• Mt. Gox Accuser Switching Theories Midcase, Ex-CEO Says
• Davis Wright Staffer's Death Not Linked To COVID-19
• FICO Under DOJ Probe For 'Exclusionary Conduct'
• Wells Fargo Hit With ERISA Suit Over $40B 401(k) Plan
• Cboe Looks To Stymie Judgment In VIX Manipulation Case
• Deposition Leads To Sanctions In Kazakh Laundering Suit
• Law Firm Investigator Can't Pursue BofA Robocall Class
• 10 Ways To Continue Biz Development During Coronavirus
• Wells Fargo Ex-Execs Case Won't Be Delayed Amid Outbreak
• Supreme Court Delays Upcoming Arguments Citing COVID-19
• Local Gov'ts Have An Important Role In Fighting Coronavirus
• SEC Relaxes Rules For In-Person Activity Amid Coronavirus
• Quinn Emanuel Beats DQ Bid In Oligarch-Tied Chancery Suit
• Quinn Emanuel Wants Sanctions For 'Caustic' Fraud Claim
• Law360's 2020 Banking Editorial Board Members
• Wells Fargo Taps TD Bank's Top Lawyer As Its Next GC
• Koch Group Urges Senate To Advance Cannabis Banking Bill
• Borrowers Seek $14.5M Deal OK In CashCall Usury Suit
• 7th Circ. Scraps Fraudster's $1.8M Restitution Order
• How To Manage Cybercrime Response With Less Gov't Help
• 7 Ethics Considerations For Lawyers Using Lead Generators
• Camping World Settles Investors' Fraud Suit For $12.5M
• Trump Declares National Emergency To Fight COVID-19
• Santander Pays $33M For Fintech Transactions Co.
• Davis Wright Staffer Dies Following Flu-Like Symptoms
• UK Litigation Roundup: Here's What You Missed In London
• Fla. Firm Claims $4M Investment Was Opaquely Managed
• Coronavirus: The Latest Court Closures And Restrictions
• Feds Tell Iran Sanctions Jury Businessman's Guilt Is Clear
• Ex-BigLaw Atty's Freedom Ends After Backer Bails On Him
• Feds Offer COVID-19 Small Biz Disaster Assistance Loans
• Real Estate Rumors: BlackRock, 13th Floor Homes, UCLA
• Bernstein Litowitz, Robbins Geller Led Investor Deals In 2019
• Judge Sinks $4.4B Superyacht Racketeering Suit
• Pot Shop 'Dank Of Oklahoma' Hit With TM Suit Over Logo
• Financing Co. Must Face Student Loan Debt Relief Scam Suit
• Wells Fargo Wants 3rd Circ.'s Take On Autodialer Definition
• Navy Federal Credit Union Settles Robotext Claims For $9.25M
• Deals Rumor Mill: Magic Leap, Tegna, WeDoctor
• RBS Sees Some Claims Cut From Colonial RMBS Sale Suit
• UK Gov't Aims To Bolster City's Fund Sector After Brexit
• Growth Slows In Global Services Trade As Virus Takes Hold
• Fugitive Barclays Trader Can't Appeal Rate-Rigging Conviction
• Ohio Bank Settles $3M Contract Suit With Tax Refund Co.
• SunTrust To Pay $29M To End Class Suit Over 401(k) Roster
• CashCall Adds Fraud Claim To Katten $500M Malpractice Row
• Morgan Lewis Leads Fintech Co. To $50M In Funding
• Deutsche Leaders, Cleary Named In Bank Investor Suit
• Chase Bank To Settle Crypto Credit Card Purchases Suit
• Feds Say Bank Scammer Lost Chance To Fight 12-Year Term
• Metro Bank Seeks To Toss $1.2B American OTC Stock Suit
• First National Says S&T Poached Workers And Their Secrets
• Interchange Fee Rules Leading To Price Drops, EU Says
• New Pipelines Are Needed To Close Law School Diversity Gap
• Whether Data Breach Is Inherent Injury Could Affect Millions
• End Of Libor Presents Litigation Risks For Dealmakers
• Ex-Deutsche Trader's 'Outsourcing' Claim Brushed Aside
• Cooley Adds Ex-Covington Pro To NY Capital Markets Team
• 2nd Circ. Poised To Interpret FCPA In Hong Kong Doc's Case
• 11th Circ. Spurns Ch. 7 Trustee's 'Forced' 19th-Century Args
• Armstrong Teasdale Adds 5 Attorneys To Roster
• ATM Maker Diebold Nixdorf Aims To Nix Merger Stock Action
• BoE Cuts Rates, Frees Bank Capital To Counter Virus Impact
• Iranian Tells Jury He Didn't Think Sanctions Targeted Him
• Commerce Gives Cos. 45 More Days To Work With Huawei
• V&E Lures Financial Trial Pro From Boies Schiller
• Madoff Investor Seeks Hold On $2.8M Clawback Trial
• Robbins Geller, Berman Spar Over Lead Role In Green Dot Suit
• Wells Fargo Ex-CEO May Have Lied To Congress, Rep. Says
• 2nd Circ. Largely Denies NYT's Bid To Unseal 1MDB Docs
• Goldman Sachs To Invest Up To $275M In Solar Energy JV
• JPMorgan Ducks Slander Suit After Atty Misses Deadline
• Mass. AG Fines Used Car Dealer $1.5M For Predatory Lending
• Senate Dems Press CFPB Head On Coronavirus Response
• Capital One Investors Fight To Save Suit Over Data Breach
• FINRA Disciplinary Actions Underscore AML Focus
• Avoiding Inadvertent Sanctions Violations In Latin America
• Wells Fargo Says County Has Enough Info In $300M Bias Suit
• How To Search For A Transformational Law Firm COO
• SEC Asks Staff To Work From Home After Virus Scare At HQ
• No Fast Answer For Hausfeld, Scott+Scott's Rival Forex Suits
• 4 Ethics Tips For Lawyers As Coronavirus Spreads
• CFPB Suit Says Fifth Third Opened Unauthorized Accounts
• Feds Rest Case In Iranian Businessman's Sanctions Trial
• Market Turbulence Throws IPO Pipeline Into Question
• Wells Fargo Loan Suits Paused For Talks With DACA Holders
• Financial Groups Urge Sens. To Advance Pot Banking Bill
• FTC Sues Colo. Credit Repair Co. For $6M Over Fraud Scheme
• NY Trial Delayed After Quinn Atty Tests Positive For COVID-19
• Real Estate Rumors: Needham Bank, Helaba, Tuttle Land
• 2 Wells Fargo Board Members Step Down After House Report
• Wells Fargo Can Still Be Sued Under NY Laws, Borrowers Say
• Federal Ruling Shows Tolerance Of State-Legalized Cannabis
• Judge Says No 'Rubber Stamp' To End BNY Mellon RMBS Suit
• Keep Your Client Out Of The Courtroom During Voir Dire
• Inside NY Limits On Creditor Use Of Confessions Of Judgment
• High Court Won't Weigh Ex-Trader's SEC Admin Claims
• Ocwen, Wells Fargo Aim To Sink ERISA Suit Over 2008 Crisis
• JPMorgan Argues Civil Rights Suit Should Be Arbitrated
• Judge 'Stumped' By Attys' 'Blundering' In Malpractice Suit
• CFPB Unveils Whistleblower Award Plans, Guidance Program
• No Formal Fee-Sharing Deal Means No $1.3M Payout For Atty
• Banks Say They're Getting Caught In FCC Spam Crackdown
• Arby's Agrees To Pay Financial Cos. $3M In Data Breach Deal
• Labaton Rebuke Sends Message: Botch Fees And Pay A Price
• Borrowers Pan Wells Fargo's Bid To Trim Mortgage Action
• A Possible Limit On High Court 2005 Agency Deference Ruling
• It Can Be Risky For Litigators To Advise On Litigation Funding
• UK Litigation Roundup: Here's What You Missed In London
• Northern Trust Escapes Mom And Daughter's Fiduciary Suit
• Pharma Investor Says $11M Public Offering Breached Contract
• Russian Banker Didn't Report $1B In Shares, IRS Says
• Baker McKenzie Hires 3 For New Financial Regulatory Group
• House Report Pans Wells Fargo's 'Failure To Date' To Reform
• Robinhood's System Outage Spurs Class Action Filed In Fla.
• Ex-NFL Investor Denies Charges In New Crypto Indictment
• DOJ Urges High Court Not To Eye FCA Dismissal Campaign
• Goldman Sachs Directors Will Take Pay Cut To Ditch Suit
• Chase Pushes For $20M Win In Landry's Data Breach Suit
• Swipe Fee MDL Website Down Due To Ransomware Attack
• PNC Bank Can't Duck $32M Debt Relief Scam Clawback
• 2 Firms Edge Ahead Of Peers In Quiet February For IPOs
• Consumers' Claim Multiplication In Debt Suit Irks Judge
• Justices Seem Amenable To Equitable SEC Disgorgement
• BofA, ATM Cos. Win Toss Of Out-Of-Network ATM Fee Suit
• Convicted Payday Lending 'Godfather' Appeals To High Court
• What M&A Dealmakers Can Expect In Light Of COVID-19
• Stop Asking Bar Applicants About Mental Illness
• Coronavirus Scare Interrupts NY Iran Sanctions Trial
• Parsing The Arguments Made In High Court CFPB Case
• Orrick Nabs PwC Head Of UK Regulation For Italy Office
• Feds Say Dying Madoff Shouldn't Be Released From Prison
• Roberts May Have Tipped Hand With Focus On CFPB Funding
• Justices Likely Aiming To Fix SEC Disgorgement, Not Ditch It
• Huawei Denies RICO, Trade Secret Theft Charges In NY Case
• Navient Says Ex-CFPB Official Wasn't Privy To Case Convos
• India's Supreme Court Lifts Cryptocurrency Ban
• It's All Practice Groups On Deck To Tackle Coronavirus
• Ex-US Bank Exec Fined For Weak AML Compliance
• Nonclass Attys Get Cut Of $10M Morgan Stanley Wage Deal
• ATM Maker Gets Overtime Collective Action Decertified
• 5th Circ. Won't Free Bank From Cattle Fraud Profit Fight
• High Court Must Reject Unconstitutional La. Abortion Law
• Wells Fargo Promotes Atty To Acting GC As Top Lawyer Exits
• What The Coronavirus Means For Arbitration And Mediation
• Lehman Administrators Must Pay For £1.67M Mistake
• 5th Circ. Says CFPB Structure Is Constitutional
• Justices Tilt Toward Narrow Fix On CFPB Constitutionality
• Two Israelis Made $4M Off Insider Trading Ring, SEC Says
• Justices Prioritize Victim Payments In SEC Disgorgement Args
• Iranian Businessman Denies Sanctions Crimes As Trial Begins
• Investors' $187M Big Bank Deals OK'd In Libor Rigging Case
• TIAA Fights Certification Of 200,000-Member ERISA Class
• Paul Hastings Snags Capital Markets, Fintech Pro From Orrick
• Radom Capital Lands $105M Loan For Houston Project
• Royal Park Ends 6-Year RMBS Fight With BNY Mellon
• Real Estate Rumors: Bankers Healthcare, Citi, D.R. Horton
• What Congress Misses About Universal Injunctions
• Why I Became A Lawyer: Lessons From 'Italian Summer Camp'
• A Framework For Assessing Liability In Business Email Scams
• Ex-Hedge Fund CEO Fights 'Flawed' $110M Restitution Bid
• The Rulings That Doomed The SFO's Barclays Fraud Case
• 2 Charged With Laundering $100M In N. Korea-Hacked Crypto
• Bayer, Google Among Cos. Urging Change To Expert Standard
• 4 Charged In JPMorgan Spoofing Case Want Indictments Axed
• SEC's Disgorgement Power Faces Possible High Court Muzzle
• Investors Can Seek UK Trader's Testimony In Forex Suit
• Feds Told They Can't Sit On Rent From Iran-Linked Building
• KeyBank Closes In On Partial Win In Payments Co. Dispute
• UBS Rips Into Greka's 'Last Ditch' Bid To Duck $100M Bill
• Prepare Your Law Firm Tech For Coronavirus Impact
• Atty Is Denied Bid For Sanction Against Ill.
• Justices Toss 11th Circ. FHA Ruling After Miami Yanks Suits
• Atty Tips To Avoid 'Scope Creep' And Malpractice Claims
• Cannabis Blank Check Co. Among 2 IPOs Filed Totaling $350M
• Trump Plan To Nix Audit Watchdog Would Hurt Markets