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8 Jan 2008, 3:23 pm
Baltimore Mayor Sheila Dixon sues Wells Fargo on behalf of the city for targeting black neighborhoods in predatory mortgage loans. [read post]
29 May 2019, 8:50 am by Silver Law Group
Hafen’s previous employers include Morgan Stanley (CRD#:149777 and CRD#: 8209), and Bear Sterns (CRD#: 79), also of New York City. [read post]
7 May 2018, 3:27 am by Kevin LaCroix
In September 2016, fines and penalties totaling $185 million were imposed on the bank, including a $100 million fine by the Consumer Financing Protection Bureau, $35 million penalty to the Office of the Comptroller of the Currency, and another $50 million to the City and County of Los Angeles. [read post]
8 Nov 2016, 5:21 pm by Amy Howe
In 2008, the city of Miami filed what seemed to many to be an ambitious lawsuit against Bank of America and Wells Fargo. [read post]
11 Apr 2017, 5:37 pm by Kevin LaCroix
As Columbia Law Professor John Coffee noted in a post late last year on the CLS Blue Sky Blog, in which he was commenting on the earlier round of clawbacks from Stumpf and Tolstedt, “Wells Fargo’s far broader clawback policy was the result of pressure from New York City’s pension funds in 2013, which had threatened to file a shareholder proxy resolution unless Wells Fargo adopted a policy broadly authorizing clawbacks beyond the context of restatements. [read post]
10 Feb 2011, 7:52 am by Kelly Anders
Many films with names of cities or countries in their titles have been nominated for the “Best Picture” award, including Fargo (1996), Munich (2005), Nashville (1975), and The Philadelphia Story (1940, pictured). [read post]
7 Oct 2008, 4:29 pm
By contrast, the Federal Deposit Insurance Corporation is backstopping some of the potential losses in Citi’s $2 billion deal. [read post]
8 Oct 2008, 8:23 pm
Although things are still murky, it appears that Wells Fargo will get the bulk of Wachovia's operations, with Citi obtaining a face-saving helping of Wachovia's depository institutions. [read post]
1 May 2017, 9:38 am by Amy Howe
The Supreme Court handed a partial but significant victory to cities today, holding that the Fair Housing Act allows the city of Miami to bring a lawsuit alleging that two banks, Bank of America and Wells Fargo, violated the law when they issued riskier but more costly mortgages to minority customers than they had offered to white borrowers. [read post]
5 Nov 2016, 5:14 am by Patricia Salkin
The City of Fargo appealed under the equal protection clauses of the North Dakota and United States Constitutions. [read post]
3 Mar 2019, 9:06 am by Kevin LaCroix
In September 2016, fines and penalties totaling $185 million were imposed on the bank, including a $100 million fine by the Consumer Financing Protection Bureau, $35 million penalty to the Office of the Comptroller of the Currency, and another $50 million to the City and County of Los Angeles. [read post]
3 Mar 2019, 9:06 am by Kevin LaCroix
In September 2016, fines and penalties totaling $185 million were imposed on the bank, including a $100 million fine by the Consumer Financing Protection Bureau, $35 million penalty to the Office of the Comptroller of the Currency, and another $50 million to the City and County of Los Angeles. [read post]
11 Jan 2008, 9:57 am
From the AP (via CNN) -- The city of Cleveland, an epicenter of the U.S.'s home foreclosure crisis, has sued 21 banks, claiming subprime mortgage lending in inner-city neighborhoods has created a public nuisance that hurt property values and city tax collections. [read post]
5 Oct 2008, 8:39 pm
Professor Ribstein here  and Professor Bainbridge here, discuss the legal issues involved in the three-way dispute between Citibank; Wachovia and Wells Fargo, and whether the Citibank-Wachovia deal can be specifically enforced despite WF's higher later bid. [read post]
8 Oct 2008, 1:15 pm
The WSJ reported this morning that a “quick resolution appeared increasingly unlikely,” and that Citi had reached out to other parties to join its bid. [read post]