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National Law Journal

Supreme Court Says Cities Can Sue Banks Over Housing Discrimination

A divided U.S. Supreme Court on Monday ruled that Miami has standing to sue banks over alleged discriminatory lending practices of banks—but it must meet a high bar to establish causation.
4 minute read

The American Lawyer

SEC's FCPA Ace Kara Brockmeyer Joins Debevoise & Plimpton

Kara Brockmeyer, former chief of the SEC Enforcement Division's Foreign Corrupt Practices Act Unit, is joining Debevoise & Plimpton's Washington, D.C., office as a partner and member of the white-collar and regulatory defense and the strategic crisis response and solutions groups, the firm announced Monday.
6 minute read

New York Law Journal

Monitoring Period Extended Over Standard Chartered Bank Case

An arrangement New York state regulators have had since 2012 with the Standard Chartered Bank to have an independent monitor watch the bank's compliance with money-laundering statutes has been extended through 2018.
4 minute read

National Law Journal

State Banking Regulators Sue Feds Over Fintech Charter Proposal

State banking regulators are taking the Office of the Comptroller of the Currency to court over its proposal to establish a special-purpose national bank charter for financial technology companies.
12 minute read

Daily Business Review

Santander's Brazil Patience Pays off as Rebound Lifts Profit

Banco Santander SA's commitment to stick with Brazil even through recession is paying off as the country's recovering economy and rising currency fuels a jump in the Spanish lender's profit.
7 minute read

Corporate Counsel

Whistleblower Pockets $4 Million SEC Award

A whistleblower who tipped the agency with information about serious securities misconduct—which was not identified by the U.S. Securities and Exchange Commission—was rewarded with a $4 million award.
3 minute read

National Law Journal

Whistleblower Pockets $4 Million SEC Award

A whistleblower who tipped the agency with information about serious securities misconduct—which was not identified by the U.S. Securities and Exchange Commission—was rewarded with a $4 million award.
3 minute read

Corporate Counsel

State Banking Regulators Sue Feds Over Fintech Charter Proposal

State banking regulators are taking the Office of the Comptroller of the Currency to court over its proposal to establish a special-purpose national bank charter for financial technology companies.
12 minute read

New York Law Journal

Regulator's Wells Fargo Post-Mortem Likely to Bring Banks More Scrutiny

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.
20 minute read

New York Law Journal

Investor Class Suit Alleges Faked Citizens Bank Customer Meetings

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.
5 minute read

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