American Banker articles from July 2005

American Banker archives from July 2005

KB Deal Shows Countrywide's Strategy Shift.
July 1, 2005... Countrywide Financial Corp.'s deal to buy KB Home's mortgage unit is the first concrete example of its willingness to use acquisitions to reach its goal of a 30% origination market share. Countrywide, the nation's top home lender, also...

Bank of America's Big Play in Cards: Are MBNA's Agent Pacts Vulnerable?
July 1, 2005... One of the immediate questions hundreds of banks face after Bank of America Corp.'s announced deal to buy MBNA Corp. is whether to rethink their positions in the credit card business. That's because about 350 financial institutions rely on...

Bank of America's Big Play in Cards: Lewis: Move Adds Scale in Crucial Area.
July 1, 2005... Bank of America Corp.'s agreement to buy MBNA Corp. for $35 billion illustrates in stark terms how important scale has become in consumer finance. Each was already a top player in credit cards, yet both were quick to note that they expect...

Commerce a Buyer Again As Agency Pricing Eases.(Commerce Bancorp to acquire BK International Insurance Brokers Ltd)
July 1, 2005... With its announcement this week that it has agreed to buy a Connecticut insurance brokerage, Commerce Bancorp has jumped back into the busy agency-deal arena after a three-year absence. Banks and other buyers have been snapping up...

In Brief: Helicopter Crash Followed Strategy Talks.(MBNA Corp. discusses possible merger with Bank of America Corp.)(Brief Article)
July 1, 2005... MBNA Corp. executives had just met with advisers in New York to discuss strategic options, including a possible sale, when its helicopter crashed into the East River in mid-June, the Wilmington, Del., credit card issuer's chief executive says....

In Brief: Majority of FHLBs Meet Filing Deadline.(Federal Home Loan banks)(Brief Article)
July 1, 2005... At least seven of the 12 Federal Home Loan banks met the deadline Thursday for registering with the Securities and Exchange Commission. By press time the Boston, Chicago, Cincinnati, Indianapolis, New York, Pittsburgh and San Francisco...

FASB Puts Off Debt Securities Proposal for Now.(Financial Accounting Standards Board)
July 1, 2005... WASHINGTON -- The Financial Accounting Standards Board has decided against issuing a new interpretation on accounting for debt securities, granting banks a reprieve from a fundamental change they said would have threatened their ability to...

Regulators Provide Clarity On SARs and Plan Updates.(suspicious-activity reports)
July 1, 2005... WASHINGTON -- Federal regulators on Thursday issued their clearest guidelines yet on when to file suspicious-activity reports. "Examiners should focus on whether the bank has an effective SAR decision-making process, not individual SAR...

Wis. Bank Buying into Ill.(North Shore Bank to buy Illinois State Bank)(Brief Article)
July 1, 2005... North Shore Bank of Brookfield, Wis., announced Thursday it had agreed to buy Illinois State Bank of Lake in the Hills. Acquiring the $138 million-asset Illinois State would take the $1.8 billion-asset North Shore into Illinois for the...

Awash in Capital, N.C. Bank Bails Out by Selling Itself.(Capital Bank Corp. )
July 1, 2005... Many banks sell themselves because they lack the capital to grow, but 1st State Bancorp Inc. in Burlington, N.C., is selling because it has too much. The $369 million-asset company announced late Wednesday that it had agreed to sell for...

MAF to Jump 12Spots in Deposits In Key Ill. Market.
July 1, 2005... MAF Bancorp Inc.'s deal to buy the third-largest bank in Kane County, Ill., would instantly give it a much higher profile in Chicago's fast-growing northwest suburbs. MAF, of Clarendon Hills, Ill., announced the $177.5 million cash and...

In Brief: UBS Melds Wealth Units, Plans Hedge Fund.(Brief Article)
July 1, 2005... UBS AG announced Thursday the integration of its U.S. wealth management business with that of the parent Zurich banking company under the leadership of Marcel Rohner, who had led the wealth management unit based in Switzerland. Mark...

In Brief: Mellon Starts Advice Unit for Outsourcing.(Brief Article)
July 1, 2005... Mellon Financial Corp. said Thursday that it is starting Mellon Global Professional Services, a provider of value-added consulting services to software and outsourcing clients. David Palten, the president and chief executive officer of...

In Brief: Janus Upheaval Puts New CFO in Office.(Brief Article)
July 1, 2005... Janus Capital Group Inc., the Denver fund company that has been fighting outflows since the market bubble burst at the start of the decade, has named an executive recently hired from Charles Schwab Corp. to succeed its chief financial officer,...

In Brief: Union Bank Sees ID Code Catching On.
July 1, 2005... Union Bank of California has sold its first customer on the Universal Payment Identification Code, a bank account identifier designed for receipt of electronic payments. Jesse Sandoval, a vice president at the San Francisco company, said...

In Brief: Bank of N.Y. Gives Persutte a Tune-Up.(Brief Article)
July 1, 2005... Bank of New York Co. Inc. says wire transfer connections to its Persutte international payment system have been tightened for domestic correspondents as a result of a collaboration with Fundtech Ltd. Alphonse J. Briand, a managing director...

An End to ARC's Surging Growth Comes into View.(accounts receivable conversion)
July 1, 2005... The phenomenal growth in accounts receivable conversion of automated clearing house payments will eventually decline, because consumers are paying more monthly bills online or with credit cards. In fact, according to a new report, growth...

Link CRM Systems To Business Processes.
July 1, 2005... Earlier in this decade many thought online banking would kill off branch banking. Statistically speaking, the reports of branch banking's death have been greatly exaggerated. Across the United States, the number of branches has increased...

Letter To The Editor: CUs Have a Lighter Burden.(Letter to the Editor)
July 1, 2005... To the Editor: Fred Becker Jr.'s letter to the editor ["CUs Have Regulatory Issues, Too," June 17, page 10] is an attempt to make one believe that credit unions have the same regulatory compliance burden as banking and thrift institutions....

The Nation's Dual Banking System Must Be Preserved.
July 1, 2005... With the Federal Deposit Insurance Corp. considering ideas to address parity between state-chartered and national banks in interstate activities, this is an ideal time to underscore the benefits of the dual charter system. This...

Guard Against BSA Patent-Infringement Suits.(Bank Secrecy Act)
July 1, 2005... Imagine that your company has developed a computer program to help pinpoint transactions that must be reported under the Bank Secrecy Act, and that one day you receive a letter demanding you stop using the program because it infringes on a...

In Praise of the Humble Marketing Flier.
July 1, 2005... Newspaper advertising consistently ranks as the single largest annual marketing expense of U.S. banks, so it's pretty safe to assume that they believe in print advertising. It's therefore puzzling to me why more banks do not also make use of a...

FHLB Loan Errors Force Anchor To Restate Profits.
July 1, 2005... Anchor BanCorp Wisconsin Inc. said Thursday that it would revise three years' worth of earnings to correct accounting errors on mortgages originated and serviced under a program by the Federal Home Loan Bank of Chicago. Ernst & Young LLP,...

In Brief: Citi Executive Hired To Run Wamu Unit.(Washington Mutual)
July 1, 2005... Washington Mutual Inc. has hired CitiMortgage Inc.'s president and chief operating officer to head its Home Loans unit. David Schneider will join Wamu on Aug. 8, the Seattle thrift company said Thursday. He will be a member of Wamu's...

In Brief: HSBC Unit Moving Headquarters to S.C.(Brief Article)
July 1, 2005... HSBC North America's mortgage services unit is moving its headquarters from Charlotte to nearby Lancaster County, S.C., to accommodate as many as twice the current number of employees by 2011. The move to the new 182,000-square-foot...

In Brief: B of A Veterans Join Wachovia Division.(Brief Article)
July 1, 2005... Wachovia Corp.'s mortgage unit has hired two veterans of Bank of America Corp. to be the chief operating officer and chief administrative officer of its retail lending division. Wachovia Mortgage announced the hirings Tuesday. Alina...

In Brief: Agencies Switch to E-Filing System.(Brief Article)
July 1, 2005... The federal banking agencies will switch to electronic filing of call reports this quarter. The new Central Data Repository filing system "will be the only method available for banks to submit their call reports" starting with the...

In Brief: Rate Provision Removed from Bill.
July 1, 2005... An effort by lawmakers to limit credit card issuers' power to raise interest rates on existing accounts hit a roadblock Thursday in the House. Rep. Lincoln Diaz-Balart, R-Fla., stripped from a spending bill a provision that would have...

Abuses, and A Warning On Mutual Conversions.
July 5, 2005... A Connecticut man's admission last week that he bought shares of NewAlliance Bancshares Inc. illegally when it went public last year illustrates the lengths to which some will go to get in on thrift conversions. It also prompted this stern...

B of A's 2d Try At Mortgage Outsourcing.
July 5, 2005... Buying MBNA Corp. would bring Bank of America Corp. back into a business it recently quit: mortgage outsourcing. Just two months ago, MBNA bought Nexstar Financial Corp., a St. Louis outfit that handles mortgage origination and back-office...

Gridlock Taking a Holiday In Rush on Data Security.
July 5, 2005... WASHINGTON -- Last week the chief Republican and Democrat on perhaps the most polarized committee in Congress took a break from sparring over judicial nominees to announce a rare consensus. The government needs to crack down hard on...

2Q Preview: Well, at Least Loan Business Picked Up.
July 5, 2005... Wall Street is bracing for reports of dismal trading in the second quarter from banking companies exposed to the capital markets. It also expects to hear of income declines caused by the flat yield curve. Analysts say some banks' earnings...

The Agenda for New Wamu Exec.(Washington Mutual Inc.)(David Schneider)(Brief Article)
July 5, 2005... David Schneider, the Seattle company's incoming home lending chief, will work on selling credit cards and home equity loans through retail branches. Story on page 10 (c) 2005 American Banker and SourceMedia, Inc. All rights reserved....

Washington People.
July 5, 2005... It Doesn't Register Coincidence or not? The first three Federal Home Loan banks to register their stock last week with the Securities and Exchange Commission were also leaders of the effort to oppose registration. By mid-morning...

In Brief: Seattle FHLB Posts Drop in Net Income.(Federal Home Loan Bank of Seattle)(Brief Article)
July 5, 2005... The Federal Home Loan Bank of Seattle reported Friday that its first-quarter net income dropped 46% from a year earlier, to $12.3 million. The bank had previously warned that it expected income to drop significantly lower as it implements...

In Brief: Senate Banking Plans Hearings on Terror.(Brief Article)
July 5, 2005... The Senate Banking Committee has scheduled two hearings on terrorism-related issues for next week. One hearing, on July 13, will examine money laundering and terror financing in the Middle East. Six witnesses from the government and...

ABC to Enter Jacksonville Area in Deal.(Brief Article)
July 5, 2005... The $1.5 billion-asset ABC Bancorp of Moultrie, Ga., is buying the $255 million First National Banc Inc. of St. Marys, Ga., for $34.8 million. The deal, 35% in cash and the rest in stock, was announced Friday and is to close in the fourth...

East West to Pass Cathay, Enter Tex. With United Buy.
July 5, 2005... By acquiring United National Bank, East West Bancorp of San Marino, Calif., would overtake longtime rival Cathay General Bancorp as the nation's largest Asian-American banking company. East West announced its $164.7 million deal for United,...

Bankruptcy Filing Surge? Most See Total Unchanged.
July 5, 2005... During the long, tortuous history of bankruptcy reform legislation, each time a bill seemed close to passage, news reports and some lenders warned that filings would spike before the rules got stricter. However, experts now say that any...

Diebold 2Q ATM Sales Disappoint.
July 5, 2005... The North Canton, Ohio, automated teller machine maker Diebold Inc. said second-quarter sales to regional banks in North America fell short of expectations, and it slashed its earnings guidance and announced more job cuts. Diebold said it...

In Brief: Trustmark Strength, Issuer Ratings Affirmed.(Trustmark Insurance Co.)(Trustmark Life Insurance Co.)(Brief Article)
July 5, 2005... A.M. Best Co. Friday affirmed financial strength ratings of B-plus-plus and assigned issuer credit ratings of "bbb" to both Trustmark Insurance Co. in Lake Forest, Ill., and Trustmark Life Insurance Co. It also has assigned a bb-minus debt...

In Brief: Hancock Closes New Orleans Agency Deal.(J. Everett Eaves Inc.)(Brief Article)
July 5, 2005... Hancock Bank of Gulfport, Miss., closed its purchase Friday of the big New Orleans property and casualty insurance agency J. Everett Eaves Inc. Eaves becomes a division of Hancock Insurance Agency, roughly doubling the size of the Hancock...

In Brief: Wachovia Insurance Buys 2 Benefit Firms.(Ingram-Brown & Associates)(Gerald S. Smith & Co. Inc.)(Brief Article)
July 5, 2005... Wachovia Insurance Services has announced the purchases of Ingram-Brown & Associates and Gerald S. Smith & Co. Inc., employee benefit consulting firms based in Greensboro, N.C. Both firms and their employees are to remain in Greensboro but...

AmSouth Swells Exodus From Proprietary Funds.
July 5, 2005... AmSouth Bancorp's decision last week to sell its proprietary mutual fund business to Pioneer Investment Management Inc. made it just the latest banking company to quit money management. Some companies have acted because of the tougher, and...

Priority for New Wamu Home Loan Chief: Cross-Sales.(Washington Mutual Inc.)
July 5, 2005... A priority for Washington Mutual Inc.'s incoming home lending chief will be increasing cross-sales of nonmortgage products like credit cards, particularly through the Seattle company's 2,000 thrift branches. Another task for David...

Is MBNA a Big Deal for TSYS?(Brief Article)
July 5, 2005... The card processor Total Systems Services Inc. could come out a winner in Bank of America Corp.'s deal for MBNA Corp., an analyst says. TSYS spokesman Eric S. Bruner said last week that was too early to talk about how the merger would...

Yodlee Gets Discover Pact, Loses a Citi One.
July 5, 2005... Discover Financial Services Inc. has become the first card issuer to offer Yodlee Inc.'s consolidated online bill payment product, but Citigroup Inc. plans to stop using a Yodlee aggregation product. Analysts say the pair of developments...

Correction.(Correction Notice)
July 5, 2005... In the June 29 paper, a page 1 story misquoted a bank CEO in New Jersey on property prices there. Tom Lupo of Franklin Bank said attractive sites in Essex County could cost $2 million to $3 million to buy and develop, not just for the land...

In Brief: Nara of Calif. Reports, Restates Earnings.(Brief Article)
July 5, 2005... After months of delay, Nara Bancorp Inc. of Los Angeles has finally reported earnings for the first quarter and all of 2004. The $1.6 billion-asset company said in March that it would delay filing its quarterly 10-Q and its annual report...

In Brief: Votes Slated in Calif. for Data Broker Bills.(Brief Article)
July 5, 2005... A bill to strengthen regulation of data brokers is scheduled for committee votes in the California Assembly this week. The bill would require data brokers to meet certain security standards, tell consumers what personal information they...

In Brief: Budget Office Puts $300M Tab on GSE Bill.(government-sponsored enterprises)(Brief Article)
July 5, 2005... The Congressional Budget Office said Friday that the House bill to revamp the regulation of Fannie Mae and Freddie Mac would cost the government roughly $300 million over 10 years. A new regulatory agency and an affordable-housing fund...

MetLife Buying Portion of Citi-State Street Venture.
July 5, 2005... Citigroup Inc. continued its string of divestitures last week, though on a smaller scale. On Friday the New York insurer MetLife Inc. said it had agreed to acquire a portion of CitiStreet LLC, a 5-year-old North Quincy, Mass., joint...

BNP Asset Unit Maps Its Own U.S. Deal Plan.
July 6, 2005... As BNP Paribas aggressively gobbles up banks in the West and Midwest, its U.S. asset management arm also plans to grow by acquisition, but its chief says it will be buying specialties it can sell through its global distribution network, not...

Private of Ill. Looks South For Its Next Expansion.
July 6, 2005... Now that PrivateBancorp Inc. has established itself in some of the Midwest's more affluent markets, it is ready to start following its customers to Florida and Arizona, where many of them spend their winters. The $2.6 billion-asset company...

Meyer Says A New Key Is Taking Shape.(Henry L. Meyer of Keycorp)
July 6, 2005... Henry L. Meyer, KeyCorp's chairman and chief executive, figures that within 18 months he will finally shake the investor skepticism about its ability to execute a consistent and focused strategy. "I think people will view Key's performance...

Clear or Not, Court Ruling On Data Spurs Banks to Act.
July 6, 2005... WASHINGTON -- Financial services industry officials are still not sure whether they won or lost a recent appeal involving California's privacy law. On the one hand, the U.S. Court of Appeals for the Ninth Circuit in San Francisco ruled...

In Brief: Protest Over Citi's Deal with Federated.(Brief Article)
July 6, 2005... A community group is protesting Citigroup Inc.'s agreement to acquire the private-label credit card portfolio of Federated Department Stores Inc. Inner City Press/Fair Finance Watch is requesting public hearings on the $6.6 billion deal,...

In Brief: FTC to Get ID-Theft Info from Big Banks.(Federal trade Commission)(Brief Article)
July 6, 2005... A group of large financial companies announced a partnership on Tuesday with the Federal Trade Commission to provide law enforcement agencies with up-to-date information on identity-theft cases. Each week the Identity Theft Assistance...

In Brief: Kroszner Interviewed For Vacancy at Fed.(Federal Reserve Board)(Brief Article)
July 6, 2005... White House officials interviewed former White House adviser Randall Kroszner last week as part of the effort to fill the Federal Reserve Board seat vacated by Ben Bernanke, the Financial Times reported Tuesday. Mr. Kroszner, a professor...

In Brief: Cherokee Banking to Go Private, Cut Costs.(Brief Article)
July 6, 2005... Cherokee Banking Co. in Canton, Ga., announced Tuesday that it is going private to reduce its legal, accounting, and regulatory costs. The $152 million-asset company was founded in July 1999 and went public seven months later. In a news...

In Brief: Farmers of Ky. to Buy Citizens Bancorp.(Farmers Capital Bank)(Brief Article)
July 6, 2005... Farmers Capital Bank Corp. of Frankfort, Ky., is buying Citizens Bancorp of Newport for $38 million in cash and stock. Citizens is the $184 million-asset parent of Citizens Bank of Northern Kentucky, which has six branches in Kenton and...

U.S. Individual Property/Casualty Insurers with Most Net Premiums Written: In the first quarter of 2005. Dollars in thousands.(Illustration)
July 6, 2005... Rank 1 State Farm Mutual Auto Insurance Co. Bloomington, Ill. 2 Allstate Insurance Co. Northbrook, Ill. 3 Nationwide Mutual Insurance Co. Columbus, Ohio 4 State Farm Fire and Casualty Co....

Visa, MC Said Poised to Grow in Processing.
July 6, 2005... Visa U.S.A and MasterCard International are well positioned to compete directly in card processing against First Data Corp. and other transaction processors, which have come under scrutiny because of a wave of recent data breaches, analysts...

Diebold Selling Its Campus Card Business.(Brief Article)
July 6, 2005... The North Canton, Ohio, automated teller machine and security system vendor Diebold Inc. has agreed to sell its college campus card systems business to Cbord Group Inc. of Ithaca, N.Y., for approximately $38 million. Diebold said Tuesday...

Growing Market for Payment Protection Surfaces.(mortgage insurance)
July 6, 2005... A small but growing number of borrowers are being offered mortgage insurance with the added benefit of covering their loan payments for several months if they lose a job or become disabled. American International Group Inc.'s United...

Banks Take Page From Card Firms' Fraud Playbook.
July 6, 2005... The increase in online fraud and unauthorized access to consumers' bank accounts is prompting banks to follow the lead of credit card companies and keep closer watch over individual transactions. Banks have historically considered deposit...

In Brief: VeriSign to Market Cell Phone Software.(Brief Article)
July 6, 2005... The encryption technology vendor VeriSign Inc. of Mountain View, Calif., will distribute passcode-generating software from Diversinet Corp. of Toronto that runs on cellular phones. The numerical passcodes can be used to log on to online...

In Brief: SunTrust Says iRise Smoothed Migration.
July 6, 2005... SunTrust Banks Inc. made its deadlines and beat its performance goals for converting customers to a new online banking system by using a new kind of simulation software, an executive says. As bankers of the Atlanta company planned its...

In Brief: Kirchman Signs Up 11 Bank Customers.(Brief Article)
July 6, 2005... Sales of Kirchman Corp.'s core-processing software have been increasing since Metavante Corp. bought the company in May 2004. Gene A. Lederer, Kirchman's senior vice president for sales and marketing, said Thursday that being part of...

Allied Irish Rumored to Be Weighing M&T Stake Sale.
July 6, 2005... M&T Bank Corp. and Allied Irish Banks PLC insist their relationship is of mutual interest, but some investors claim it is of little strategic value for Allied Irish -- and could come apart. Allied Irish has had a 23.5% stake in the Buffalo...

Correction.(Correction Notice)
July 6, 2005... In the June 29 paper, a page 1 story understated the combined mortgage originations of GMAC-RFC and GMAC Mortgage Corp. in 2004. The correct figure, $133 billion, would have placed them fifth in National Mortgage News' rankings. (c) 2005...

In Brief: Commerce of N.J. in ATM Pact with CVS.(Brief Article)
July 6, 2005... Commerce Bancorp Inc. announced a substantial expansion Tuesday of its automated teller machine network in the Washington metropolitan area, the Cherry Hill, N.J., company's newest market. Commerce said it would put its name on ATMs in 170...

In Brief: N.Y. Mortgage Trust President Resigns.(Brief Article)
July 6, 2005... New York Mortgage Trust Inc.'s president and chief investment officer, Ray Redlingshafer, resigned last week, and the real estate investment trust said it would take a $2.9 million second-quarter charge for his severance benefits. Mr....

In Brief: Bernstein Withdraws Ratings on 8 Lenders.(Brief Article)
July 6, 2005... Alliance Capital Management LP's Sanford C. Bernstein & Co. LLC is discontinuing coverage of the U.S. mortgage finance business and has withdrawn its ratings for eight companies in the sector. Sanford said last week that Jonathan Gray, its...

In Brief: Morgan Stanley Gets Merrill Upgrade.(Brief Article)
July 6, 2005... Anticipating that its new leadership will likely end the drain of senior executives, Guy Moszkowski, a Merrill Lynch & Co. Inc. analyst, upgraded Morgan Stanley's stock Tuesday to "buy," from "neutral." Mr. Moszkowski also predicted that...

In Brief: Deutsche Appoints Wakoff to M&A Post.(Brief Article)
July 6, 2005... Deutsche Bank Securities Inc. has appointed Harland Wakoff to the new position of head of media mergers and acquisitions and a managing director in the media and telecom investment banking group in the Americas. Mr. Wakoff, whose...

Applause for Subprime Mortgage REITs.(real estate investment trusts)
July 6, 2005... Though a flatter yield curve and rising prepayments have led a few residential mortgage real estate investment trusts to lower dividends or warn of that possibility, analysts initiating coverage on the sector recommended a handful focused on...

New Point of Dispute in GSE Reform: Loan Limits.
July 7, 2005... WASHINGTON -- The list of obstacles to overhauling the regulation of Fannie Mae and Freddie Mac this year keeps growing. Controversy has flared over two more provisions -- one that would raise the conforming loan limit in high-cost areas...

JPM Settles In Check 21 Patent Battle.
July 7, 2005... A small item processing company won an important victory in its legal battle to assert its patent rights for digital imaging technology that it claims is critical to check image exchange systems. DataTreasury Corp. of Melville, N.Y., has...

How Amegy Of Texas Fits With Zions' Growth Plan.
July 7, 2005... In late January, Paul Murphy, the chief executive of Houston's largest independent bank, was adamant that he had no plans to sell. His $7.6 billion-asset Southwest Bancorp of Texas had just unveiled a $6 million ad campaign for a new name,...

Small Banks' Realty Dilemma.
July 7, 2005... With commercial real estate loans now accounting for roughly 28% of community banks' assets -- an all-time high -- regulators are concerned that underwriting standards may be slipping. But for many small banks, not making CRE loans is not an...

Waiting for the Other Boot.
July 7, 2005... Now that Zions has made a deal for Amegy, analysts say the M&A spotlight will turn to other independent banks in Texas. Story on back page (c) 2005 American Banker and SourceMedia, Inc. All rights reserved. http://www.americanbanker.com...

In Brief: House Energy Heads Offer Data Draft Bill.(Brief Article)
July 7, 2005... The leaders of the House Energy and Commerce Committee unveiled legislation to tighten data security standards. Chairman Joe Barton, R-Tex., and Rep. John Dingell of Michigan, the ranking Democrat, released a draft Wednesday of a bill that...

In Brief: Spitzer-OCC Lawsuit Arguments Slated.(Office of the Comptroller of the Currency)(Brief Article)
July 7, 2005... Arguments in the Office of the Comptroller of the Currency's suit against New York Attorney General Eliot Spitzer have been scheduled for late next month. The OCC, along with The Clearing House Association LLC, filed a suit against Mr....