S&P Global MarketIntelligence rounds up a selection of recent legal and regulatory developmentsin the bank space.
intends to settlewith the plaintiff in the class-actioncase Reynaldo Reyes v. Zions FirstNational Bank et al. for approximately $37.5 million.
JudgeJohn Thornton Jr. on July 5 approved the settlement of 's against , the South Florida Business Journal reportedthe same day.
FiredCitigroup Inc.currency trader Robert Hoodless said the East London Employment Tribunal ruledthat he was unfairly dismissed,Bloomberg News reported, citing an email from Hoodless.
Formerpresident, CEO and chairman of failedFirst State Bank of Altus,Paul Doughty, wasconvicted July 1 on 10 charges of bank fraud, conspiracy to commit bank fraud,misapplication of bank funds, making a false bank entry, and unauthorizedissuance of a bank loan in connection with the bank and various loan schemes.
TheU.S. Supreme Court is set to hear arguments and decide whether the city ofMiami can sue Bank of America Corp.and Wells Fargo & Co.for alleged predatory lending practices, Reuters reported June 28.
is facinga class-action lawsuit seeking C$25 million in damages over the use of its coincounting machines.