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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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FDIC Can Sue Banks Over Mortgage Bonds - Appeals Court
A U.S. appeals court on Wednesday revived a lawsuit by the Federal Deposit Insurance Corp against 5 big banks stemming from their sale of toxic mortgage-backed securities ahead of the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York ruled that a lower-court judge had erred in dismissing the FDIC's lawsuit, which named units of Credit Suisse, HSBC Holdings, RBS Group, UBS and Deutsche Bank as defendants.
The FDIC sued the banks in 2012, accusing them of violating a federal securities law in connection with the sale of $140.5 million in mortgage-backed securities in 2007 and 2008 to Citizens National Bank and Strategic Capital Bank - both of which later failed.
Another panel of the same appellate court in May revived another lawsuit by the FDIC against several banks over similar claims. The U.S. Supreme last week declined to review that case.
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Unpaid Arbitration Awards: Time for a Wall Street Anti-Fraud Fund
April 25, 2019 -
Ex-UBS Compliance Officer on Trial for Insider Trading
November 6, 2018 -
JPMorgan Settles Lawsuit with Black Advisers
September 6, 2018