Fending off claims over the estate of a slain Ukrainian politician, a lawyer for SunTrust stuck to his story at D.C. Circuit oral arguments Wednesday that the bank is not to blame for a missing inheritance.
Read moreIn a federal class action, nearly 100 named plaintiffs claim Zions Bancorporation aided and abetted a $5 million Ponzi scam.
Read moreAttorneys for an Alabama man sentenced to 37 years in prison for a bank robbery asked an 11th Circuit panel Tuesday to reduce his punishment in light of the criminal-justice reform law passed by Congress last month.
Read moreThe Eighth Circuit cleared a Wisconsin bank Thursday of claims it aided and abetted a $194 million Ponzi scheme, finding it was not aware of the fraud when it opened and serviced the scammers’ accounts.
Read moreYellow vest activists are urging French citizens to empty their bank accounts and spark a massive run on French banks in their long-standing fight with the government.
Read moreUBS customers claim in court that the bank allowed its financial services officer to embezzle $5 million from their accounts.
Read moreA class claims in court that Barclays Bank charged credit card customers $89 a year and “late fees” for years, though they canceled their cards shortly after they were opened, and never used them.
Read moreJPMorgan Chase Bank reached a $135 million settlement Wednesday of SEC charges that it improperly handled pre-released American Depositary Receipts, which can promote abuses such as inappropriate short selling and dividend arbitrage.
Read moreLatvia jumped the gun by removing a governor of the national bank from office on suspicion he traded his influence for the bank’s benefit without ever offering proof he’d done so, a magistrate for the European Court of Justice said Wednesday.
Read more(CN) — Europe’s highest court Wednesday said it alone can rule on a decision by the European Central Bank to
Read moreSESL Recovery sued Deutsche Bank Securities in superior court, claiming it fraudulently “duped” lenders into loaning SunEdison $725 million by misrepresenting the solar panel manufacturer’s financial condition just three months before it declared bankruptcy, and that it did so to “reap tens of millions of dollars in fees” and protect $1 billion of its own loans to the company
Read moreThe Bank of New York Mellon will pay $54 million to settle charges of improper handling of pre-released American Depositary Receipts, “which resulted in abusive practices like inappropriate short selling,” the SEC said Monday.
Read moreA federal judge ruled for the SEC in its claim that the broker Alpine Securities violated the Bank Secrecy Act by failing to file 1,218 suspicious activity reports.
Read moreMalaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.
Read moreA federal class action claims Trustmark National Bank bilked customers for millions of dollars by improperly charging overdraft fees on transactions that did not overdraw the account, sometimes twice or three times, including for a mere balance inquiry.
Read moreDescendants of William E. Boeing Sr., founder of the aircraft company, claim in court that for at least 36 years Wells Fargo Bank and its predecessors “have paid themselves millions of dollars in fees without fulfilling their obligations as trustee” and cannot, or will not, provide “an adequate accounting of trust assets.”
Read moreGerman authorities searched the headquarters of Deutsche Bank in Frankfurt and other offices on Thursday on the suspicion bank employees helped clients set up offshore companies in tax havens to launder hundreds of millions of euros, in an investigation brought about from an analysis of online document leaks.
Read moreThe United States announced a $3.1 million federal forfeiture action Tuesday against two Chinese companies that it accuses of having laundered money on behalf of sanctioned North Korean banks.
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