Legal issues and news

An ex-Deutsche Bank precious-metals trader has asked the U.S. Supreme Court to overturn his conviction for manipulating gold and silver prices with fake "spoof" trade orders.

Custodia's lawsuit with the Federal Reserve over master account access is poised to advance to trial. Regardless of the outcome, the case will be consequential.

The agreement, which still needs court approval, should help what remains of the online small-business lender as it moves through bankruptcy proceedings. After Kabbage emerged as a major Paycheck Protection Program lender, some of its key assets were sold to American Express.

A Justice Department probe into a controversial corner of the crypto world — Tether — has been struggling to reach a conclusion. Now a new team is taking a crack at investigating whether executives behind the popular stablecoin committed a crime.

Tom Hayes, the former UBS Group trader convicted in the U.K. over the Libor-rigging scandal, had a criminal indictment against him dismissed by a New York judge.

An appeals court ruling last week found that the Consumer Financial Protection Bureau's funding structure violates the Constitution, but another court filing shows how the agency might fight back.

A former Deutsche Bank credit trader laid off when the lender closed down its bad bank has sued the company in London, saying she was denied hundreds of thousands of pounds in bonuses.

New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.

JPMorgan Chase agreed to resolve a suit by a former vice president in its anti-corruption unit claiming she was marginalized, mistreated and then fired from the bank for complaining about compliance failures.

Credit Suisse Group agreed to pay €238 million ($234 million) to settle a French criminal probe into allegations the bank helped clients stash undeclared funds.

A federal judge dismissed a lawsuit by six Republican-led states challenging President Biden's student-loan forgiveness plan, finding the states failed to show they'd be directly harmed.

A Bloomberg News analysis found more than 45 groups and pages — with more than 1 million combined members — where the spoils of cyber crimes and the tools needed to carry them out were offered for sale.

The U.K.'s Financial Conduct Authority plans to fine Barclays Plc £50 million ($55.8 million) for failing to disclose arrangements with Qatar during the bank's capital-raising in the middle of the 2008 financial crisis.

Credit Suisse Group won a class-action trial in which the bank was accused of participating in a sprawling conspiracy to fix prices in the multitrillion-dollar foreign-exchange market.

Decentralized finance, the once red-hot slice of the crypto universe that was at the center of this year's collapse of the digital-asset world, is facing a rapidly increasing new challenge: financial hacking.

The U.S. Court of Appeals for the 5th Circuit overturned a lower court's ruling, declaring the agency's funding structure and its 2017 payday lending rule invalid.

Customers of the bankrupt crypto lender Voyager Digital may recover about 72% of the value of their accounts under a tentative deal for the company to sell itself to FTX US, the digital-asset exchange.

A Wisconsin taxpayers group asked the U.S. Supreme Court to block President Biden's student-loan relief plan from taking effect, accusing him of usurping the power of Congress and costing taxpayers potentially more than $1 trillion.

The bankrupt cryptocurrency lender Celsius Network faces U.S. federal "investigations," according to a filing from lawyers for its committee of unsecured creditors.

A board member of the National Credit Union Administration urges vigilance against threats that many institutions ignore at their peril.