Banking
Banking Law360 provides breaking legal news and analysis on the banking sector. Coverage includes high-stakes litigation involving banks, as well as federal, state, and international policy developments and corporate deals.
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Latest News in Banking
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June 28, 2017
A Significant Victory For Securities Class Action Defendants
The U.S. Supreme Court’s decision this week in California Public Employees’ Retirement System v. ANZ Securities enables securities class action defendants to calculate their exposure to opt-out actions and other liability with much greater confidence and precision. The decision also has the potential to go even further in limiting securities class actions, say Susan Saltzstein and Robert Fumerton of Skadden Arps Slate Meagher & Flom LLP.
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June 28, 2017
BREAKING: All Banks Pass Fed’s Stress Tests, But Cap One Gets Do-Over
The Federal Reserve on Wednesday said that all banks included in its annual stress tests would be allowed to engage in planned share buybacks and dividend payments after exceeding mandated capital requirements, but Capital One Financial Corp. needed to resubmit its capital plans to fix some shortcomings.
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June 28, 2017
HSBC Says Housing Crash Claims Too Varied For Class Action
A unit of HSBC Holdings PLC told a New York federal judge Tuesday that billions of dollars of legal claims stemming from the failure of mortgage-backed securities it oversaw could not be resolved through class actions, saying the disputes need to be resolved on a loan-by-loan basis.
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June 28, 2017
2 FINRA Rules Ripe For Review And Clarification
The Financial Industry Regulatory Authority is requesting comments on the effectiveness and efficiency of its rules on outside business activities of registered persons and private securities transactions of an associated person. Both rules aim to protect investors from potentially problematic activities, but many firms struggle with the language of the rules, say attorneys with K&L Gates LLP.
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June 28, 2017
Real Estate Rumors: Bank of America, Metro Loft, McCourt
A syndicate led by Bank of America that includes an insurance lender has reportedly loaned $200 million for a Chicago residential project, Metro Loft Management's Nathan Berman is said to be buying out his partners in a New York luxury residential property for $450 million, and Frank McCourt reportedly sold a Florida equestrian property for $12 million.
Areas of Coverage
- AGENCIES
- Consumer Financial Protection Bureau
- Fannie Mae and Freddie Mac
- Federal Deposit Insurance Corp.
- Federal Reserve System
- Financial Industry Regulatory Authority
- National Credit Union Administration
- Public Company Accounting Oversight Board
- U.S. Commodity Futures Trading Commission
- U.S. Department of the Treasury
- U.S. Securities and Exchange Commission
- European Central Bank
- UK Financial Services Authority
- POLICY & REGULATION
- Dodd-Frank Act
- Executive compensation regulation
- Online banking and payment rules
- Credit-rating agency regulation
- Financial company lobbying
- International banking regulation and legislation
- LITIGATION
- Antitrust disputes
- Consumer litigation and class actions
- Debit/credit card-related litigation
- Labor and employment disputes
- Mortgage- and foreclosure-related suits
- Predatory and deceptive lending and marketing suits
- Financial privacy issues
- Securitized mortgage disputes
- Shareholder litigation
- Bankruptcy proceedings
- TRANSACTIONS
- Mergers, acquisitions, and joint ventures
- PROFILES
- Personnel moves
- Profiles of banking practices
Readership
- Banking lawyers at top law firms
- Corporate counsel and compliance officers at Fortune 1000 companies
- Executives and attorneys at banks and other financial institutions
- Information experts at law firms, agencies, and companies
- Policymakers at federal and state agencies
- Judges and court staff across the U.S.
- Professors, students, and library staff at every accredited law school in the U.S.
- Attorney and law firm marketing professionals