TUSCALOOSA, Ala. - (09/15/04) -- State Supreme Court Judge Jean Brownrefused to recuse herself from a $1 million defamation case againstFirst Security CU, even though bankers supporting the credit unionside contributed more than $56,000 to her reelection campaign. "TheCanons of Judicial Ethics do not require my recusal; case law doesnot support it; and my conscious will now allow it," said Brownlast Friday, after the court refused to rehear the case based on anethics complaint brought against her. Last May the state's highcourt overturned a lower court's $1 million verdict against thecredit union in which a former manager claimed she was wronglydismissed for blowing the whistle on a multi-million dollarcheck-kiting scheme involving a local car dealer. But afterlearning of campaign donations from the Alabama BankersAssociation, which argued on behalf of the credit union side, theformer manager, Karen Brackin, asked the court to rehear the case.She claimed the bankers' campaign contributions created animpropriety, if not an appearance of impropriety by thejudge.
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Through a nonprofit called Greater NY, early-career analysts at banks can apply their financial skills at charities and other civic-minded organizations. The partnerships give free help to nonprofits, but provide surprising benefits to the banks as well.
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While overall payments declined, the financial sector remained the top payer to cybercriminals, surpassing both health care and manufacturing.
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Danny Seibel, who led First National Bank of Lindsay from 2007 until shortly before the bank's failure last year, is accused of falsifying bank documents to conceal the condition of loans.
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At a UCLA economic panel, experts from Zions, JPMorgan, Berkeley Research Group and Wave Digital Assets discussed the challenges in data management and compliance risk that goes with adopting digital assets.
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JPMorgan's Ben Carpenter will join Evercore as a senior managing director; Wells Fargo appoints Jackie Krese to head syndications within its fund finance group; the SEC is probing Jefferies over its relationship to bankrupt auto parts supplier First Brands Group; and more in this week's banking news roundup.
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Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
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