Colby Hamilton

April 26, 2017 |

A pattern of "substantially similar" RMBS trustee suits have worn a deep enough groove, with similar enough outcome in the Southern District that procedural practices, like a pre-motion hearing sought by Bank of New York Mellon Corp., feel like a waste of time, plaintiff Pacific Life Insurance Co.'s lawyer argued Tuesday.

By B. Colby Hamilton

4 minute read

April 25, 2017 |

A new wave of regulatory probing, already underway, is likely to result in enforcement actions and headaches for banks, industry observers say, as regulators at the Office of the Comptroller of the Currency and elsewhere take their next steps in the aftermath of the Wells Fargo scandal.

By B. Colby Hamilton

19 minute read

April 25, 2017 |

An investor is suing Citizens Financial Group after allegations surfaced from former employees that in-branch financial "check-up" meetings with customers—which the bank said generated 400,000 meetings in 2016—were falsified.

By B. Colby Hamilton

4 minute read

April 25, 2017 |

A vice president for the global securities firm Nomura was accused Monday of insider trading for allegedly netting himself $48,000 in profits by trading on securities for a Virginia-based technology company ahead of its acquisition.

By B. Colby Hamilton

3 minute read

April 20, 2017 |

A bitter battle is brewing over an unusually large compensation request from a class member in the SAC Capital civil case.

By B. Colby Hamilton

12 minute read

April 19, 2017 |

An internal evaluation released Wednesday by the federal Office of the Comptroller of the Currency found that regulators were “untimely and ineffective” in supervising Wells Fargo's banking practices that led to a $190 million settlement with the OCC and other regulators earlier this year.

By B. Colby Hamilton

6 minute read

April 18, 2017 |

New York State Attorney General Eric Schneiderman's office has reached a record $40 million settlement with the Alabama-based firm Harbert Management Corp. over whistleblower allegations that millions of dollars in taxes on performance income from a New York-based hedge fund sponsored by the firm were never paid.

By B. Colby Hamilton

5 minute read