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Banking Plans of Home Depot and Other Companies Put on Hold
Federal regulators last week put a hold on requests by Home Depot, Wal-Mart and at least a dozen other companies planning to get into the banking business. In the wake of uproar from Capitol Hill and others, the Federal Deposit Insurance Corp. announced a six-month moratorium on applications to either acquire industrial loan corporations or form new ones. It's unclear if the FDIC will issue a formal report or a policy change when the moratorium ends in January.
Daily Decision Service Alert: Vol. 18, No. 226 - November 19, 2009
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Stibbe Deploys Decisiv Search in Dutch Jurisdictions
Recommind announced on Thursday that leading Benelux law firm Stibbe has deployed Decisiv Search to its firms operating in Dutch jurisdictions, including its offices in London, New York, Hong Kong, and Dubai.Partners Negotiate Future as Linklaters Axes Cologne Arm
Linklaters is to axe its Cologne, Germany, office following the Magic Circle firm's decision to launch in Duesseldorf, the firm announced Tuesday. Only 10 of the office's 24 partners will relocate to Duesseldorf, with the rest in negotiations over their future. All the associates in the firm's 110-lawyer Cologne office have received offers to transfer to another office. U.K. firms have traditionally avoided having a presence in both Cologne and Duesseldorf, which are within 40 miles of each other.London Firms Scramble as National Grid and Lehman Review Advisers
Top U.K. law firms stand poised for a flurry of panel activity as two of Europe's most coveted clients launch reviews of their advisers. London-based energy giant National Grid is set to overhaul its roster of external advisers for the first time in three years, while U.S. investment banking giant Lehman Brothers is holding a review of its fee arrangements with outside counsel.Trending Stories
- 1Did Johnson & Johnson's Proposed $8B Talc Bankruptcy Plan Just Jump to $9.1B?
- 2The 2024 Midlevel Associates Survey: The Rankings
- 3Procopio Cory Managing Partner John Alessio Dies at 55
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- 5Lame Laptops, Batteries 'About to Explode': Midlevel Associates Angered by Lack of Tech Investment
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