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Latest News in Banking

• March 05, 2026

  Fintech Sues Deutsche Bank, Pathward Over Pharma Flags

  A self-described barter-based payment platform sued Deutsche Bank AG and Pathward NA, alleging it was improperly placed on an industry blacklist following the banks' assertions it was "transaction laundering" for companies selling gray-market peptides.

• March 05, 2026

  Tokenized Securities Get Same Capital Treatment, Feds Say

  Federal banking regulators said Thursday that the capital treatment of so-called tokenized securities is the same as their traditional counterparts, emphasizing that bank capital rules are "technology neutral" and don't change when a security is recorded on a distributed ledger.

• March 05, 2026

  Ex-Wells Fargo Worker's Atty Fee Bid Denied, For Now

  A federal judge rejected a request for attorney fees by a former Wells Fargo worker who won a $22 million Americans with Disabilities Act verdict, saying he will consider the motion again after the Fourth Circuit renders its decision in the bank's appeal.

• March 05, 2026

  Mich. AG Accuses Kalshi Of Unlicensed Gambling

  Michigan is the latest state to take action against prediction-market exchanges, accusing KalshiEX LLC of running an unlicensed online sports betting platform in a lawsuit removed to federal court on Thursday.

• March 05, 2026

  Feds Can't Repatriate Trusts In $28M Tax Suit, Court Told

  The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sole discretion over making distributions, the provider told a federal court.

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