Citigroup

Federal Court Dismisses $31 Million FDIC Suit as Time-Barred

by Orrick - Structured Finance Group on 4/30/2013

On April 22, Judge Mariana R. Pfaelzer of the United States District Court for the Central District of California dismissed as time-barred the Federal Deposit Insurance Corporation’s (FDIC) $31 million suit against JPMorgan...more

Big Banks Fail 2012 Fannie Mae Star Program

by Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 4/12/2013

According to a report released Tuesday by Fannie Mae, the big banks who love to act like “injured innocents” when it comes to making mortgage repurchase and indemnification demands on loan originators had their own...more

To the Nation’s Largest Banks: Thanks for Reading

by Mintz Levin - Privacy & Security on 3/13/2013

It seems that some of the nation’s largest public company banks must be avid readers of this blog and have taken to heart our 2013 prediction that the SEC would require greater disclosure related to data security risks and...more

SEC Speaks: Agency Takes Back-To-Basics Approach In Face Of Changing Leadership, Congressional Mandates And New Technologies

by Regina LaMonica, Jose Lopez, Keith Miller, Charles Mulaney, Pravin Rao | Perkins Coie on 2/25/2013

The annual “SEC Speaks” conference, in which Securities and Exchange Commission (SEC) representatives review the agency’s efforts over the past year and preview the year to come, was held on February 22-23, 2013. A...more

A Better 2012 for BigLaw (With Big Asterisks) [Video]

by Bloomberg Law on 2/7/2013

Feb. 7. (Bloomberg Law) -- Law firm profits at a selection of the nation's largest firms increased by 4.3 percent in 2012, but "we do have some concerns about what drove the results," Dan DiPietro, chairman of Citi Private...more

Impac Settles RMBS Suit Brought by Citigroup for $3.1 Million

by Orrick - Structured Finance Group on 2/5/2013

On January 24, Impac Funding Corp. settled a lawsuit brought by Citigroup Global Markets Inc. alleging violations of Sections 18 and 20 of the Securities Exchange Act and negligent misrepresentation based on alleged...more

Orrick's Financial Industry Week in Review - February 4, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/5/2013

In This Issue: *Financial Industry Developments - SEC Extends Exemptions for Security-Based Swaps - Fed Announces Release Dates for Results of Supervisory Stress Tests and CCAR - Rating Agency Developments...more

Update: Has The National Mortgage Settlement Helped Any Georgia Homeowner?

by Win Mims | Jeff Field & Associates on 12/4/2012

In an earlier blog published 10-30-12, we tracked some of the developments in the so-called "historic" National Mortgage Settlement (NMS) with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally which was...more

Analysts’ Financial Disclosures on Facebook Lead to Fine and Termination

by Pullman & Comley, LLC on 10/29/2012

In my talks about technology, one of the things I try to emphasize is that there is no “one size fits all” to your social media and technology policy. As an example, I often talk about how financial industries have...more

Citigroup Settles RMBS Class Action Lawsuit for Nearly $25 Million

by Orrick - Structured Finance Group on 9/7/2012

On August 27, lead plaintiffs City of Ann Arbor Employees’ Retirement System and Greater Kansas City Laborers Pension Fund submitted an unopposed motion seeking preliminary approval of a settlement of claims against certain...more

Fed Releases Citi and HSBC Mortgage Servicing and Foreclosure Action Plans

by Orrick, Herrington & Sutcliffe LLP on 5/30/2012

On May 24, the Fed released action plans for Citigroup and HSBC to correct alleged deficiencies in residential mortgage loan servicing and foreclosure processing. ...more

Action Plans for Residential Mortgage Servicing and Foreclosure Deficiencies

by Orrick, Herrington & Sutcliffe LLP on 2/27/2012

On February 27, the Fed released action plans from Bank of America, Citigroup, EverBank, JPMorgan Chase, MetLife, PNC, SunTrust, US Bancorp, and Wells Fargo to correct deficiencies in residential mortgage loan servicing and...more

InfoBytes Special Alert: Federal and State Officials Announce Mortgage Servicing Settlement

by BuckleySandler LLP on 2/9/2012

This morning, U.S. Attorney General Eric Holder, HUD Secretary Shawn Donovan, Iowa Attorney General Tom Miller, and several other state and federal officials jointly announced an approximately $25 billion agreement in...more

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Federal Court Dismisses $31 Million FDIC Suit as Time-Barred

Big Banks Fail 2012 Fannie Mae Star Program

To the Nation’s Largest Banks: Thanks for Reading

SEC Speaks: Agency Takes Back-To-Basics Approach In Face Of Changing Leadership, Congressional Mandates And New Technologies

A Better 2012 for BigLaw (With Big Asterisks) [Video]

Impac Settles RMBS Suit Brought by Citigroup for $3.1 Million

Orrick's Financial Industry Week in Review - February 4, 2013

Update: Has The National Mortgage Settlement Helped Any Georgia Homeowner?

Analysts’ Financial Disclosures on Facebook Lead to Fine and Termination

Citigroup Settles RMBS Class Action Lawsuit for Nearly $25 Million

Fed Releases Citi and HSBC Mortgage Servicing and Foreclosure Action Plans

Action Plans for Residential Mortgage Servicing and Foreclosure Deficiencies

InfoBytes Special Alert: Federal and State Officials Announce Mortgage Servicing Settlement

A Better 2012 for BigLaw (With Big Asterisks) [Video]

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