HSBC

Transfer $8 Million Out Of Accounts In New York? That Action Alone Is Not Sufficient To Establish Personal Jurisdiction

by Mark McGrath | Sheppard Mullin Richter & Hampton LLP on 5/7/2013

In Henkel v. Masiero, Index No. 650425/2012 (N.Y. Sup. Ct., N.Y. Cnty. Mar. 18, 2013) (the “Opinion”), the Supreme Court (J. Bransten) granted the defendants’ motion to dismiss for lack of personal jurisdiction on the grounds...more

Mortgagee and Mortgagor Standing and the Servicemembers’ Civil Relief Act

by Mark Adelman | Partridge Snow & Hahn LLP on 4/23/2013

The Massachusetts Supreme Judicial Court, in HSBC Bank USA, N.A., Trustee v. Jodi B. Matt, No. 11101 (Jan. 14, 2013), recently clarified the issue of standing for both plaintiffs and defendants in actions under the...more

AML Enforcement – A New Era Of Compliance

by Michael Volkov on 4/10/2013

Last year was the year of Bank Secrecy, sanctions and anti-Money Laundering enforcement. The HSBC settlement sparked significant controversy over the claim by the Justice Department that HSBC and other banks are “too big to...more

FHFA Files $165 Million Suit Against HSBC and Decision One

by Orrick - Structured Finance Group on 3/20/2013

On March 8, the Federal Housing Finance Agency (FHFA), acting as conservator for the Federal Home Loan Mortgage Corporation (Freddie Mac) commenced litigation in the Supreme Court of the State of New York against Decision One...more

Orrick's Financial Industry Week in Review - March 18, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/19/2013

In This Issue: *Financial Industry Developments - CFTC Announces the Start of Mandatory Clearing - CFTC Reminds Market Participants of Swap Data Reporting Requirements - Rating Agency Developments...more

Senate Committee on Banking Holds Hearing on Lax Enforcement of the Bank Secrecy Act

by Fuerst Ittleman David & Joseph, PL on 3/13/2013

As recently reported, the Senate Committee on Banking, Housing and Urban Affairs (information here), on March 7, 2013, held a hearing on “Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement”. The...more

Wayward Financial Institutions Facing Increasingly Stricter Punishment [Video]

by LXBN on 2/27/2013

It’s something many Americans have been asking for and, slowly, we’re starting to see it: stricter penalties for wayward financial institutions. As many have expected Massachusetts Senator Elizabeth Warren is leading the...more

Latest Trends in the Enforceability of Make-Whole Premiums

by Ryan Jareck | Cole Schotz on 2/5/2013

A lender’s entitlement to a make-whole premium, that is, a prepayment penalty designed to compensate the lender for the loss of interest payments it would have received had the borrower continued to service the debt through...more

Trustee Sues Deutsche Bank Over $89 Million in RMBS Securities

by Orrick - Structured Finance Group on 2/4/2013

On January 28, HSBC Bank USA, acting in its capacity as Trustee for a single home equity loan trust, filed a complaint in the Supreme Court for the State of New York against DB Structured Products Inc., an affiliate of...more

The HSBC AML Settlement - Lessons Learned for the AML Compliance Practitioner

by Thomas Fox on 1/14/2013

I recently wrote about banks behaving badly. Currently, Exhibit A in that list is HSBC. In December, 2012, the UK banking giant HSBC agreed to pay a fine of $1.92 billion for its transgressions involving money laundering....more

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

by Sara Aliabadi, Christopher A. Reese | Schnader Harrison Segal & Lewis LLP on 12/29/2012

On November 13, 2012, the U.S. District Court for the Eastern District of California, in McCarn v. HSBC USA, Inc., 2012 U.S. Dist. LEXIS 162257, issued an important decision rejecting as inadequate a plaintiff’s attempt to...more

Bank Sued Over “Unfair” and “Deceptive” Overdraft Fees

by Rebecca R. Hanson | Foley & Lardner LLP on 12/26/2012

A large bank was sued in federal court in New York last week by a putative nationwide class alleging that the bank engaged in “unfair, deceptive, and unconscionable assessment and collection of excessive overdraft fees.”...more

Is It the End of the (Compliance) World?

by Thomas Fox on 12/21/2012

Today the Mayans predicted the world would end. I must say that I find the Mayans had a complete lack of courtesy, indeed if not foresight, as they did not identify the time the world would end and further did not specify if...more

Grassley: HSBC Should Face Criminal Charges [Video]

by Bloomberg Law on 12/19/2012

Dec. 19 (Bloomberg Law) -- United States Senator Charles Grassley (R - Iowa) and Bloomberg Contributing Editor Neil Barofsky talk with Bloomberg Law's Lee Pacchia about HSBC's recent settlement with US authorities over claims...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Transfer $8 Million Out Of Accounts In New York? That Action Alone Is Not Sufficient To Establish Personal Jurisdiction

Mortgagee and Mortgagor Standing and the Servicemembers’ Civil Relief Act

AML Enforcement – A New Era Of Compliance

FHFA Files $165 Million Suit Against HSBC and Decision One

Orrick's Financial Industry Week in Review - March 18, 2013

Senate Committee on Banking Holds Hearing on Lax Enforcement of the Bank Secrecy Act

Wayward Financial Institutions Facing Increasingly Stricter Punishment [Video]

Latest Trends in the Enforceability of Make-Whole Premiums

Trustee Sues Deutsche Bank Over $89 Million in RMBS Securities

The HSBC AML Settlement - Lessons Learned for the AML Compliance Practitioner

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

Bank Sued Over “Unfair” and “Deceptive” Overdraft Fees

Is It the End of the (Compliance) World?

Grassley: HSBC Should Face Criminal Charges [Video]

Trustee Brings $640 Million RMBS Suit Against Deutsche Bank

Record Fines against HSBC for Repeated Bank Secrecy Act and OFAC Violations

Record $1.92 Billion in Fines and Penalties Levied against HSBC

Unreasonable Reliance: Ninth Circuit Affirms Dismissal of FAL, Fraud and UCL Claims at the Pleading Stage

Fed Releases Citi and HSBC Mortgage Servicing and Foreclosure Action Plans

Wayward Financial Institutions Facing Increasingly Stricter Punishment [Video]

Grassley: HSBC Should Face Criminal Charges [Video]

Expand Your Reach