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7 May 2011, 6:37 am by G&A
(PNC), Sovereign Bank, SunTrust Banks Inc., and US Bancorp. [read post]
15 Apr 2011, 7:50 pm
“The enforcement orders issued today are important, but they are only a first step in setting out a framework for these large institutions to remedy these deficiencies and to identify homeowners harmed as a result of servicer errors,” the FDIC said in a written statement. [read post]
6 Apr 2011, 7:40 pm by Kevin Funnell
"When we did our very first [failed-bank] deal, we thought it was nuclear winter," said Dennis Zember, chief financial officer at Ameris Bancorp, the Moultrie, Ga., buyer of six banks seized by regulators. [read post]
14 Mar 2011, 7:49 pm by Kevin Funnell
A few weeks ago, when United Western Bancorp., on behalf of itself and its former subsidiary bank, sued the OTS for putting the bank into receivership, we said that the deck was stacked against the plaintiffs. [read post]
21 Feb 2011, 7:40 pm by Kevin Funnell
United Western Bancorp has challenged regulators' seizure of its chief subsidiary, United Western Bank, in a lawsuit filed Friday in U.S. [read post]
9 Feb 2011, 5:00 am by Beth Graham
First, the Eastern District of Texas analyzed United States Bancorp Mortgage Co. v. [read post]
1 Feb 2011, 5:20 am by G&A
That would make it the first bank to adopt such fees. [read post]
22 Jan 2011, 7:50 am by Mandelman
US Bancorp showed up with a private placement memorandum (“PPM”), a 273-page, unsigned offer of mortgage-backed securities created for use with potential investors. [read post]
10 Jan 2011, 12:14 am by Kevin LaCroix
  In November 2010, a jury in federal court entered a plaintiffs’ verdict in the subprime-related securities class action lawsuit against BankAtlantic Bancorp and certain of its directors and officers. [read post]
5 Dec 2010, 9:13 pm by Mike
Since the Ninth Circuit has not adopted the Levine test, and at least one court in the district has continued applying First Pacific Bancorp after Sarbanes-Oxley’s removal of “substantial” from the statutory language, the Court will only consider the First Pacific Bancorp factors here. [read post]
13 Nov 2010, 5:32 pm by Mike
Biba worked for the Greater Bay Bancorp which had a severance plan in place in the event the company was acquired by another. [read post]
25 Oct 2010, 1:12 am by Kevin LaCroix
  Recent Banking-Related Securities Suits The first of the new lawsuits was filed on October 22, 2010 in the Northern District of Illinois against PrivateBancorp and certain of its directors and officers. [read post]