Tag Archives: banking

Libor Litigation: Coverage Dispute Clues

Libor Litigation

There has been a lot of publicity around the decision of Mr. Justice Flaux to allow Graiseley Properties Limited to argue their pleaded case at trial. What I find interesting about the case is the legal basis on which it has been … Continue reading →

Banks Daring to Defy Dodd-Frank Mandates (You Can’t Make Me!)

Defying Dodd-Frank

One of the perhaps laudable goals of the U.S. Wall Street Reform and Consumer Protection Act (aka Dodd-Frank), generally supported by global regulators, has been to create a more robust regulatory framework for largely unregulated transactions, including swaps and derivatives, … Continue reading →

Farepak: A Silver Lining for the Directors but a Dark Cloud for the Banks

Lawbook and Glasses

Remember the collapse of Farepak in October 2006 and the resulting furor when over 100,000 customers lost deposits to secure their Christmas and other food and retail vouchers? A lot of that outrage was directed at the board of Farepak … Continue reading →

Libor: The Trillion-Dollar Question

Cheating

The Libor scandal could ultimately lead to billions in potential fines and settlements, possible jail time for some, higher borrowing costs globally, and will undoubtedly lead to increased regulatory scrutiny. It may also make liability insurers become more cautious about underwriting financial service firms. Continue reading →

Banks Need More Capital. Not a Little Capital, Either.

How will globally systemic banks raise the $566 billion in new capital Fitch Ratings says they'll need to meet new rules and regulations in six years? Continue reading →

3 Tips When Seeking Capital Relief from Insurance

There has been a rash of interest recently among financial institutions in the use of insurance as risk-based capital. This is hardly surprising when you consider the stresses in the economy and the focus of regulators on banks, investment managers … Continue reading →

Financial Stories You Might Have Missed – And a Note of Irony

A New Class of Exports – Class Action Goes International Countries export when they have a surplus.  Japan produces cars.  France produces wine. America, well, America produces lawyers. In the last 12 years the number of countries that allow class actions … Continue reading →

5 Financial News Stories You May Have Missed — And Holy Foreclosures

This week: hedge fund premiums, banking gambles, Madoff, Mets, an AME Church,foreclosures, and a White-hot development Continue reading →

5 Financial News Stories You May Have Missed – With Another Iceland Phenomenon

Bjork in 2012

1. Nada De Novo ~ Not a Single New Bank in 2011 While banks continue to fail at an alarming rate (12 just since the beginning of this year), an even more disturbing revelation came to light this week: 2011 … Continue reading →

5 Financial News Stories You May Have Missed – And a Penalty Flag

1.The Dog Ate My Regulation. The Fed is Late Delivering the Volcker Rule. When the financial reform was being discussed shortly after the credit crisis, former Fed Chairman Paul Volcker suggested that federally insured banks should not be allowed to … Continue reading →