News and Events for Attorneys and Executives

Tag: BankingLaw

Wall Street Penalties Have Fallen in Trump’s First Year, Study Says

Wall Street Penalties Have Fallen in Trump’s First Year, Study Says

News
In its latest fiscal year, Wall Street’s top regulator sought the smallest amount of penalties since 2013, a drop that could show a softer approach to policing wrongdoing, Bloomberg reports.

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Lawsuit Alleging General Electric Ripped Off Its Workers Shows the Pitfalls of 401(k) Plans

News
The Los Angeles Times explains that the suit alleges that GE managed the plan for its own benefit by loading it with mutual funds owned by its own subsidiary.

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Before the Breach, Equifax Sought to Limit Exposure to Lawsuits

News
Before Equifax discovered a massive computer breach that exposed sensitive information about millions of Americans, the company lobbied Congress on legislation to limit how much it could be forced to pay if sued by consumers, reports The Washington Post.

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Seven Charged in U.S. Insider Trading Ring

News
The alleged tipster, Daniel Rivas, and James Moodhe, the father of Rivas’ girlfriend, both pleaded guilty to charges of fraud, conspiracy, and making false statements to the FBI, Reuters reports.

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PwC to Pay $1 Mln to Settle Merrill Lynch Audit Complaint

PwC to Pay $1 Mln to Settle Merrill Lynch Audit Complaint

News
Reuters is reporting that accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch’s compliance with federal brokerage customer protection rules.

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It’s All Fun and Games Until Someone Sues for Breach of Contract

It’s All Fun and Games Until Someone Sues for Breach of Contract

Insight
A recent federal court case analyzed the ability of a lender to act upon stock pledged to secure a loan, and provides insight into valuable language to be included in the loan documentation, explains Loeb & Loeb LLP.

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Liability of Compliance Officers at Financial Institutions

Event, May 3, 1 p.m. EDT
Practical Law and Norton Rose will present a webinar titled “Liability of Compliance Officers at Financial Institutions” on Wednesday, May 3, 2017, beginning at 1 p.m. EDT.

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U.S. Justice Department Targets Executives in Wells Fargo Probe

U.S. Justice Department Targets Executives in Wells Fargo Probe

News
Reuters is reporting that a U.S. Justice Department probe into a phony accounts scandal at Wells Fargo & Co. is asking whether executives hid details from the company board and regulators as the problem grew over years.

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Trump to Issue Directives Targeting Dodd-Frank, Retirement Advice Rule

News
This is the opening salvo in Trump’s campaign to scale back regulations that resulted from the financial crisis, Reuters is reporting.

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