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Results: 1-10 of 27

Wells Fargo settles lawsuit with Citigroup over Wachovia bid

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 19 2010

Wells Fargo & Co. has agreed to pay Citigroup Inc. $100 million to settle a dispute related to Wells Fargo’s acquisition of Wachovia Corp. during the financial crisis in 2008

Wells Fargo settles lawsuit with Citigroup over Wachovia bid

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 19 2010

Wells Fargo & Co. has agreed to pay Citigroup Inc. $100 million to settle a dispute related to Wells Fargo’s acquisition of Wachovia Corp. during the financial crisis in 2008

Treasury releases 23rd Section 105(a) TARP progress report

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 13 2010

Today, Treasury released its latest monthly progress report to Congress on the Troubled Asset Relief Program (TARP

Survey shows expected increase in M&A activity but reluctance to raise capital

  • Alston & Bird LLP
  • -
  • USA
  • -
  • July 7 2010

According to a recent survey of 440 senior executives around the world, M&A activity is expected to increase in the next two years while major fundraising initiatives largely remain on hold

FDIC releases additional questions and answers on its Statement of Policy on Qualifications for Failed Bank Acquisitions

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 30 2010

Late last week, the FDIC released new Q&As related to its Statement of Policy on Qualifications for Failed Bank Acquisitions ("Statement of Policy"

Bank of North Carolina assumes all of the deposits of Beach First National Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 12 2010

On Friday, the OCC closed Beach First National Bank, headquartered in Myrtle Beach, South Carolina, and the FDIC was named receiver

Judge Rakoff requests extensive information before ruling on the SEC and Bank of America settlement

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 12 2010

Yesterday, Judge Jed S. Rakoff issued an order requesting additional information from the Securities and Exchange Commission and Bank of America in response to the proposed $150 million settlement for Bank of America’s alleged failure to disclose employee bonuses and financial losses at Merrill Lynch before shareholders approved the merger of the companies in December 2008

New York Attorney General files new charges as Bank of America and SEC agree to $150 million settlement

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 5 2010

On February 4, New York Attorney General Andrew Cuomo, joined by Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, announced civil fraud charges against Bank of America, former Chief Executive Officer Kenneth Lewis and former Chief Financial Officer Joe Price for failing to disclose material information to shareholders prior to their vote to approve the merger with Merrill Lynch

Treasury releases fourteenth Section 105(a) TARP progress report

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 12 2010

Yesterday, Treasury released its monthly progress report to Congress on the Troubled Asset Relief Program (TARP

SEC files new charges against BofA

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 12 2010

On Tuesday, the SEC announced that it had filed a complaint in the Southern District of New York charging Bank of America with violating the federal proxy rules by failing to disclose extraordinary financial losses at Merrill Lynch prior to a BofA shareholder vote to approve a merger between the two companies