News Topic: Finance and investment-related court cases

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers. ... Read full article

The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds. ... Read full article

Investors eye how low rates, flat yield curve will affect bank profits; agency is determining if it has oversight power over Facebook’s planned cryptocurrency. ... Read full article

The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services. ... Read full article

CEO Solomon says the bank has not yet begun discussions with DOJ about its role in the scandal; the $1 billion buyback would be its first in 20 years. ... Read full article

Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting. ... Read full article

The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area’s largest bank, handled suspicious transactions. ... Read full article

The U.S. embassy wants to meet with Sweden’s financial regulator over AML concerns; revelation that he borrowed to buy Barclays shares doesn’t sit well with others. ... Read full article

City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal. ... Read full article

Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO. ... Read full article

Société Générale pays more than $1 billion for working with Cuba and others; Fed vice chair in line for global regulator chief role. ... Read full article

Paul Manafort turned to Jared Kushner for help in an attempt to secure a Trump administration job for a Chicago banker at the center of Manafort’s fraud trial. ... Read full article

With ruling in GSE case, the two agencies are emerging as the test subjects for a legal showdown over their authority. ... Read full article

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers. ... Read full article

The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues. ... Read full article

The class-action suit filed on behalf of people who lost money in the scam accuses Bank of America of failing to spot suspicious activity, including deposits of hundreds of thousands of dollars into accounts with small or negative balances. ... Read full article

Bank agrees to pay $480 million to investors related to the phony accounts scandal; Daniel Tarullo’s Fed departure called a turning point on oversight. ... Read full article

The Puerto Rico-based bank failed in 2015. The FDIC, its receiver, is seeking unspecified economic and punitive damages from 16 lenders, including Bank of America, Barclays and Credit Suisse. ... Read full article