Settlement Agreement Between Plaintiff States and UBS (Dec. 21, 2018)

Forty plaintiff states reached a $68 million settlement with UBS for fraudulent conduct involving interest rate manipulation that had a significant impact on consumers and financial markets around the world. UBS’ fraudulent conduct involved the manipulation of LIBOR (the London Interbank Offered Rate). LIBOR is a benchmark interest rate that affects financial instruments worth trillions…

Read More →

U.S. and Florida v. Barnett Banks, Inc. and First Florida Bank, Inc. (1992)

As part of a negotiated joint consent decree with the U.S. Department of Justice (DOJ), the State of Florida sought to enjoin the merger between Barnett Banks, Inc. (Barnett) and First Florida Bank, Inc. (First Florida), alleging that the proposed merger would result in less competition in the financial institution industry.

Read More →

U.S. and Florida v. NationsBank, Inc. and Barnett Bank, Inc.

As part of a negotiated joint consent decree with the U.S. Department of Justice (DOJ), the State of Florida sought to enjoin the merger between NationsBank, Inc. (NationsBank) and Barnett Bank, Inc. (Barnett), alleging that the merger would substantially impair competition in the banking industry.

Read More →

In the Matter of Settlement Agreement with U.S. Bancorp.

U.S. Bancorp acquired all assets and branch offices of West One Bancorp. The settlement agreement required that U.S. Bancorp divest within 180 days designated branch offices including their assets and loans.

Read More →

Settlement Agreement: Bank America

Bank America, the owner of Seattle First National Bank, the largest bank in Washington acquired Security Pacific the second largest bank in Washington. Settlement agreement required divesture of specific Security Pacific including branch offices, assets and loans

Read More →

In the Matter of Chittenden and Vermont National Bank

Merger of two largest banks in Vermont approved after divestitures.

Read More →

Merger of CorestatesFinancial Corp./Meridian Bancorp

Joint investigation with Department of Justice of merger of two banks. Merger approved with divesitutres.

Read More →

In the Matter of Wells Fargo/First Interstate Bancorp Merger

Joint investigaiton and agreement resolving competitive concners in merger of two large California banks.

Read More →

In the Matter of Fleet Bank and Shawmut Bank

Plaintiff state reached agreement that allowed merger of two banks with branch divestitures and commitment to community loans.

Read More →

Maine v. Key Bank of Maine, 1991-2 Trade Cas. (CCH) 69,649 (D. Maine 1994)

Joint review by U.S./Maine of bank merger. Settled by divestitures

Read More →