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Legal briefs: JPMorgan agrees to settle discrimination-related lawsuit

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Legal briefs: JPMorgan agrees to settle discrimination-related lawsuit

S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.

OCC terminates individual minimum capital requirements for Esquire Bank

The Office of the Comptroller of the Currency has terminated the previously imposed individual minimum capital requirements for Jericho, N.Y.-based Esquire Bank NA, a unit of Esquire Financial Holdings Inc.

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JPMorgan to pay $24M to settle discrimination lawsuit

JPMorgan Chase & Co. agreed to pay $19.5 million to a group of black financial advisers to help settle a discrimination lawsuit, Bloomberg News reported. The company will also put $4.5 million into a fund that will support recruitment, bias training, review or branch assignments and coaching programs for black advisers, according to the report.

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Small Texas bank alleges ABA chairman's bank benefited from check-kiting fraud

Lubbock, Texas-based Vista Bancshares Inc.'s subsidiary Vista Bank on Aug. 27 sued First Bancshares of Texas Inc. and its top executives, Brad Burgess and Kenneth Burgess Jr. Kenneth is chairman of First Bancshares' main subsidiary FirstCapital Bank of Texas NA and the chairman for the American Bankers Association's 2017 to 2018 term.