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New York Law Journal

Former Deutsche Subprime Securities Head Charged

Federal prosecutors announced fraud charges late Monday against the former head of Deutsche Bank's subprime trading unit, accusing him of knowingly selling $1.4 billion worth of real estate-backed securities backed by problematic loans.
5 minute read

Legaltech News

Equifax Hack Teaches Hard Lessons About Data Regulation and Incident Response

The credit bureau's leakage and widely reported missteps in its assessment tool could proffer a cautionary tale for other organizations.
16 minute read

Corporate Counsel

Square to Apply for Controversial Bank Charter

Square wants to get more leeway to lend with an industrial loan company license.
4 minute read

The American Lawyer

Dechert's Latest Lateral Binge Bolsters Corporate Group

The Philadelphia-based Am Law 100 firm continued its hiring tear in 2017 by adding Cadwalader, Wickersham & Taft structured finance partner Bruce Bloomingdale and White & Case M&A partner Nazim Zilkha in New York. Both lawyers previously worked with one another at Mayer Brown.
85 minute read

New York Law Journal

Derivatives Pros Jump to Winston & Strawn

Winston & Strawn has brought on two New York lawyers in its derivatives and structured products group, amid what one called a strong pickup in demand for the practice.
8 minute read

New York Law Journal

DFS Fines Pakistani Bank $225M for Compliance Deficiencies

Pakistan-based Habib Bank Ltd. and its New York branch have been fined $225 million by the state Department of Financial Services for allegedly failing to comply with anti-money laundering and anti-terrorism statues, the department said Thursday.
3 minute read

New York Law Journal

Trump Treasury's Blueprint for Financial Regulation in the Banking World

George W. Madison, Michael E. Borden and Michael D. Lewis write: It is appropriate to reconsider and adjust regulations enacted in the midst of a crisis. Even though Dodd-Frank has helped stabilize the financial system in many ways, it is no surprise that it has also led to unintended consequences. Importantly, a recent Treasury report seems to acknowledge this nuance.
19 minute read

The American Lawyer

Eversheds Sutherland Moves Into Russia And Luxembourg With Triple Office Launch

Eversheds Sutherland is opening three new offices in Russia and Luxembourg, with a series of team hires from Simmons & Simmons and Nordic firm Hannes Snellman.
18 minute read

Daily Business Review

Walker & Dunlop Arranges $282M to Finance Disney-Area Hotel

Eric McGlynn, Daniel Sheehan and Kevin O'Grady of Walker & Dunlop team up to get financing for a new Marriott resort hotel on Walt Disney World property.
4 minute read

Legaltech News

An International Regulatory Shift Could Tame Cryptocurrency Market

On the heels of recent actions by Canadian regulators and the U.S. SEC, some countries may be regulating digital currency as securities.The market…
6 minute read

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