Category Archives: Lee Reiners

Using Living Wills to Break up Big Banks

By | October 11, 2016

One of the key areas of focus during Wells Fargo CEO John Stumpf’s recent congressional testimony, was the timeline of events that led up to him becoming aware of the problems within the company’s community banking division.  Despite the fact that the firm fired over 1,000 employees in 2011 for opening unauthorized customer accounts, and… Read More »

If Banks Sue the Fed Over Stress Tests, Will They Win?

By | October 7, 2016

Last month, the Wall Street Journal published an article indicating several big banks were considering a legal challenge to the Federal Reserve’s annual stress testing exercise based on a violation of the Administrative Procedure Act (“APA”).  The article was short on details, and to those familiar with the APA –  the statutory scheme governing all… Read More »