Banking

  • August 04, 2026

    Foley Hoag DC Office Leader Joins Foley & Lardner

    Foley & Lardner LLP has hired Foley Hoag LLP's former Washington office partner-in-charge, who started her career at that firm as an associate almost 16 years ago, Foley & Lardner announced Tuesday.

  • August 04, 2026

    Sidley Lands 11-Atty Funds Team From Hogan Lovells In NY

    Sidley Austin LLP announced Tuesday that it is adding an 11-attorney team in New York from Hogan Lovells Cadwalader one month after the latter firm completed its megamerger.

  • August 03, 2026

    Deutsche Bank Beats 2nd Circ. Case Over IS Banking Claims

    The Second Circuit Monday upheld the dismissal of a lawsuit accusing Deutsche Bank AG of facilitating the financing of the Islamic State group, saying that the families of three people killed by the terrorist group failed to sufficiently allege that the bank participated in a human trafficking venture.

  • August 03, 2026

    DOJ, Rocket Mortgage See 'Reasonable' Chance To Settle

    The U.S. Department of Justice has asked a Colorado federal court to pause deadlines in its appraisal discrimination case against Rocket Mortgage LLC, saying both sides agree there's a "reasonable prospect" for a settlement and want time to explore it further.

  • August 03, 2026

    OCC Seeks To Loosen Rules On Sharing Supervisory Data

    The Office of the Comptroller of the Currency on Monday proposed loosening its rules governing how financial institutions can disclose confidential agency information, such as information about enforcement and examinations, to affiliates, service providers and potential acquirers.

  • August 03, 2026

    10th Circ. Denies Challenge To SEC's AML Enforcement Power

    The Tenth Circuit on Friday upheld the dismissal of Scottsdale Capital Advisors' lawsuit accusing the U.S. Securities and Exchange Commission of unlawfully enforcing federal anti-money laundering reporting requirements against its affiliate, determining that the enforcement action could not be challenged under the Administrative Procedure Act.

  • August 03, 2026

    Feds Lose Bid To End Redlining Order For Lakeland Bank

    A New Jersey federal judge has declined to sign off on the conclusion of a $13 million redlining deal between Lakeland Bank and the U.S. Department of Justice, ruling that the bank's existing compliance with the deal does not justify its early termination.

  • August 03, 2026

    Fintech Dakota Seeks OCC Trust Charter For Stablecoin Biz

    Stablecoin infrastructure firm Dakota said Monday it's pursuing federal oversight of its business with an application for a national trust charter, which was prepared by Paul Hastings LLP.

  • August 03, 2026

    Russia Says Oschadbank Forum-Shopped In $1.1B Fight

    Russia has urged a New York federal court to dismiss or transfer Ukrainian state-owned Oschadbank's effort to recognize a French judgment tied to a $1.1 billion arbitral award over its Crimean investments, arguing the bank improperly filed the action in New York to avoid related proceedings already underway in Washington, D.C.

  • August 03, 2026

    Capital One Cites AML Risks In Closing Trump's Accounts

    Capital One NA urged a Florida federal court to toss an amended complaint alleging the bank closed numerous accounts held by President Donald Trump's trust due to political reasons, saying the documents attached to the complaint make it clear that they were shut down due to anti-money laundering concerns. 

  • August 03, 2026

    Visa To Buy Permira-Backed BioCatch In $2.4B Deal

    Visa said Monday it has agreed to acquire fraud intelligence company BioCatch from funds advised by Permira and other shareholders for $2.4 billion in cash, more than two years after Permira became BioCatch's majority stakeholder at a $1.3 billion valuation.

  • August 03, 2026

    NJ Panel Revives Bank's Greenbaum Rowe Malpractice Suit

    First Bank's legal malpractice suit against Greenbaum Rowe Smith & Davis LLP over a botched loan for a Lexus dealership was revived by a Garden State appeals court Monday, with the panel ruling that the trial court should not have barred the bank's expert report.

  • August 03, 2026

    Bermuda Firm Owes UK Tax In £41M Dispute, Tribunal Rules

    A Bermuda-based investment firm was a U.K. tax resident for several years and therefore may be liable for over £40.5 million ($54.3 million) in corporate tax because its beneficiary had effective control, a London tribunal ruled.

  • August 03, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving merger litigation, insider trading allegations, books and records demands, advancement proceedings, fiduciary duties, public benefit corporations and more.

  • August 03, 2026

    UBS Fined $125M For Anti-Money Laundering Failures

    UBS' brokerage arm on Monday admitted to willfully violating the Bank Secrecy Act by failing to monitor its customers' foreign currency transactions, entering into a "historic" $125 million agreement with the Financial Crimes Enforcement Network, as well as several other regulators.

  • July 31, 2026

    Law360 Names 2026's Top Attorneys Under 40

    Law360 is pleased to announce the Rising Stars of 2026, our list of more than 160 attorneys under 40 whose legal accomplishments belie their age.

  • July 31, 2026

    Goldman Jury Sees Cash Talk In Energy Deal Email Deluge

    Jurors weighing the fate of an ex-Goldman Sachs banker accused of coordinating a plan to bribe a client's way to a lucrative energy deal Friday saw a slew of payoff banter in his emails that prosecutors say show a pipeline of dirty money flowing from Turkey to a wide variety of government officials and agencies in Ghana.

  • July 31, 2026

    Fed Pitches New Rules On Loans To Bank 'Insiders'

    The Federal Reserve Board on Friday proposed updates to its rule limiting the loans a bank can offer its executives, board members and major shareholders who could influence the bank's lending decisions, saying the updates to outdated monetary thresholds aim to help community bank leaders.

  • July 31, 2026

    FirstBank Denies Complicit Ties In Epstein Survivor's Suit

    FirstBank Puerto Rico pushed back Thursday on proposed class claims it was complicit in Jeffrey Epstein's crimes by serving as his "longest" running banking partner, saying in New York federal court it only provided the late sex offender "routine banking services" and did not have any knowledge of his sex trafficking operations.

  • July 31, 2026

    NJ Justices Reject Mass Tort Status For Debt Buyer Suits

    The New Jersey Supreme Court denied borrowers' bid to consolidate 67 lawsuits accusing LVNV Funding LLC of attempting to collect consumer debts, finding that the debt‑collection actions do not fit the model of the large‑scale personal injury or product liability matters that typically warrant multicounty litigation.

  • July 31, 2026

    Ex-Symplicity Founder Challenges Sale Structure In Chancery

    The founder of student software company Symplicity has sued H.I.G. Capital affiliates, Goldman Sachs lending entities, Crestline Specialty Lending and software buyer Volaris Group in the Delaware Chancery Court, alleging they structured the company's sale to strip away his contractual rights and leave him with no recovery on more than $21 million in debt and equity-related interests.

  • July 31, 2026

    FinCEN's Gacki To Join Citi As Global Head Of Sanctions

    Andrea Gacki, director of the Treasury Department's Financial Crimes Enforcement Network, will join Citigroup this October as the bank's global head of sanctions, after more than 25 years of service in the departments of Justice and Treasury.

  • July 31, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen George Michael's estate bring an intellectual property claim against the late star's friend over footage shared online, collapsed law firm Axiom Ince sue the U.K. branch of State Bank of India and Ryanair face a group claim from 262 people. Here, Law360 looks at these and other new claims in the U.K.

  • July 31, 2026

    OCC, FDIC Unveil Bid To Rewrite Community Lending Rules

    Federal regulators on Friday launched their latest push to update long-standing community lending rules for banks, issuing a new proposal that officials say would better tailor requirements by bank size and ensure financing isn't "diverted to activist causes."

  • July 30, 2026

    CFTC Proposes Conflict Rules For 'Vertically Integrated' Firms

    The Commodity Futures Trading Commission on Thursday proposed rule amendments to address conflicts of interest among affiliated firms, heeding the call of a White House report last year that urged securities and commodities regulators to consider their approaches to so-called vertically integrated business models.

Expert Analysis

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

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    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

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    Calif. Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.

  • Quantum Readiness May Paradoxically Raise Contractor Risk

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    The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

  • What Ex-CFPB Head's Calif. Role May Foretell For Oversight

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    California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q2

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    The last three months were particularly consequential for Illinois banking law, with a federal court ruling reshaping the Interchange Fee Prohibition Act, the state filling enforcement gaps, significant legislative activity and a revision to the community bank leverage ratio, say attorneys at Riley Safer.

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