Banking & Finance

What GCs Need to Know to Comply With New Bureau of Economic Analysis Reporting Rules

White Paper
Companies can take steps to reduce or eliminate their compliance burden, including by engaging directly with BEA officials and advisory groups.

Deutsche Bank Nears Plea Deal Over Libor Manipulation

NEWS
A deal would be one of the last cases to arise from the sweeping investigation into the London interbank offered rate, or Libor.

SEC Action Warns Against Restrictive Confidentiality Agreements

White Paper
A recent enforcement action by the U.S. Securities and Exchange Commissionagainst KBR serves as a warning to companies that efforts to silence potential whistleblowers through restrictive confidentiality agreements will not be tolerated, report two Dechert LLP lawyers.

CFPB Takes Action Against ‘Bad Check’ Debt Collector

NEWS
The Consumer Financial Protection Bureau has taken action against a nationwide debt collection operation and its chief executive officer for allegedly using deceptive threats of criminal prosecution and jail time to intimidate consumers into paying debts for bounced checks.

When Does a Company Have the Choice to Waive its Attorney-Client Privilege in the USA?

White Paper
Two Cozen O’Connor lawyers discuss in a white paper the waiver policies of U.S. federal enforcement agencies overseeing the financial services industry, including the DOG, the SEC Commodity Futures Trading Commission and Financial Industry Regulatory Authority.

How to Sell Solar to Your Local Bank

On-Demand
Solar Power World offers a free one-hour on-demand webinar on financing small commercial and residential projects through smaller, less institutional funding organizations.

Managing Transactional Risk: How to Use Insurance Capital to Solve Deal Issues

On-Demand
Marsh USA offers a free on-demand webinar in which a panel of risk experts provide real-world examples of deal issues and how the insurance market can be accessed to solve them.

Northwestern Mutual to Pay $84 Million to Settle Annuities Suit

NEWS
Reuters is reporting that Northwestern Mutual Life Insurance Co. has agreed to pay $84 million to settle a lawsuit claiming that it illegally reduced potential payouts on annuities it sold at least 30 years ago, cheating investors who used them as retirement investments.

Why Bankers Are Leaving Finance for No-Salary Tech Jobs

NEWS
As investment firms have curtailed or shuttered lines of business, particularly in debt trading, the contractions have prompted former bankers to quit finance and put their experience to use in the new field of financial technology

Top 10 Financial Reporting Issues in Acquiring Oil and Gas Properties

White Paper
Sirius Solutions presents a free white paper exploring several key issues commonly faced in the valuation and financial reporting of oil and gas property acquisitions.

Labor Department Lawyers Can Shift Loan Officer Policy, Court Rules

NEWS
The Obama administration had the authority to make a 180-degree shift in labor policy and declare thousands of mortgage loan officers subject to wage-and-hour laws, the U.S. Supreme Court ruled, according to a report by Forbes.

DOJ Settles With JPMorgan Chase Over Bankruptcy Practices

NEWS
The Department of Justice’s U.S. Trustee Program has entered into a national settlement agreement with JPMorgan Chase Bank N.A. requiring Chase to pay more than $50 million to more than 25,000 homeowners who are or were in bankruptcy.

Veteran U.S. Brokerage Lawyer McKay to Join Barclays

NEWS
Reuters is reporting that Kevin McKay, who began his Wall Street legal career in 1978 at E.F. Hutton, will join Barclays PLC’s wealth and investment management division in the Americas next month as general counsel, a company spokeswoman said.