S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.
BMO Harris Bank to pay $10M to settle claims against acquired bank
Chicago-based BMO Harris Bank NA is set to pay $10 million to settle claims that Milwaukee-based M&I Marshall & Ilsley Bank, which BMO Harris Bank acquired in 2011, engaged in fraud related to Thomas Petters' multibillion-dollar Ponzi scheme.
NCUA liquidates New York City-based credit union
The National Credit Union Administration has liquidated Staten Island, N.Y.-based Radio Television & Communication FCU.
JPMorgan to settle for $5.3M over alleged violations of Cuba, Iran sanctions
JPMorgan Chase & Co. is paying $5.3 million to settle allegations that it committed 87 violations of sanctions against Cuba, Iran and weapons of mass destruction, Reuters reported, citing the U.S. Treasury Department.