Banking

  • August 18, 2026

    Exchanges Ask SEC To Delay Trade-Through Rule Withdrawal

    Some of the largest stock exchanges are urging the SEC to hold off on eliminating a rule that prohibits exchanges from executing trades at lower prices than the best displayed price available on other exchanges, saying the agency should first consider how the rule's elimination could impact broader market structure.

  • August 18, 2026

    NCUA Board Left Sitting Empty As Trump Pick Waits In Wings

    The National Credit Union Administration has entered its second week with an empty governing board, an unusual leadership vacuum that could limit the agency's ability to take certain formal actions until President Donald Trump's newly confirmed board pick assumes office.

  • August 18, 2026

    Goldman Buying LCN In Up To $410M Deal Steered By 3 Firms

    Goldman Sachs said Tuesday that it has agreed to acquire LCN Capital Partners, a real estate investment manager focused on sale-leaseback and net lease transactions, for approximately $260 million upfront and up to another $150 million in deferred and contingent consideration.

  • August 18, 2026

    Capital One Investor Sues Ex-Discover Brass In Chancery

    A Capital One Financial Corp. stockholder has sued former Discover Financial Services directors and executives in the Delaware Chancery Court, accusing them of allowing years of regulatory and compliance failures that caused hundreds of millions of dollars in losses before Capital One acquired the credit card company.

  • August 18, 2026

    BakerHostetler Launches Crypto Asset Disputes Team

    BakerHostetler announced Tuesday that it has a new crypto asset disputes team that will focus on advising clients about matters involving crypto assets, blockchain technology and emerging digital markets.

  • August 18, 2026

    PNC Bank Accused Of Enabling Ala. Lawyer's Alleged Theft

    An Alabama attorney claims in a federal lawsuit that his former law partner was able to siphon millions from their personal injury firm through shadow accounts that would have been flagged if PNC Bank and a predecessor had adhered to industry standards and regulatory requirements.

  • August 18, 2026

    Rising Star: Weil's Jessie Chiang

    Weil Gotshal & Manges LLP's Jessie Chiang has steered multibillion-dollar debt deals that have helped finance major merger and acquisition transactions by Keurig Dr Pepper, Home Depot and McCormick, earning her a place among the banking law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 18, 2026

    Calif. Says Academy Mortgage Must Pay Data Breach Penalty

    Residential mortgage lender and servicer Academy Mortgage Corp. must pay a penalty for a March 2023 consumer data breach that impacted more than 34,000 Californians, the state's Department of Financial Protection and Innovation announced.

  • August 17, 2026

    Ukraine Bank Says Arbitrator Issue In $1.1B Suit Is Overstated

    One of Ukraine's largest banks has urged a D.C. federal judge not to pause its lawsuit seeking to enforce a $1.1 billion arbitral award against Russia, saying the country overstates a French court's doubts about the impartiality of one of the arbitrators in the dispute.

  • August 17, 2026

    Treasury Plan Would Map Boundaries Of US Stablecoin Market

    The U.S. Department of the Treasury on Monday floated a proposal to set standards for how and when payment stablecoins may enter the U.S. market, moving ahead on a key unfinished plank of the emerging federal regulatory framework for the stable-value tokens.

  • August 17, 2026

    Ex-Goldman Exec Ordered To Pay $860K For Not Filing FBAR

    A D.C. federal judge on Monday ordered former Goldman Sachs banking executive Patricia L. Bowden to pay more than $860,000 in damages after she failed to take action in the federal government's lawsuit that alleged she willfully failed to report her Australian bank accounts to the Internal Revenue Service.

  • August 17, 2026

    TD Bank Still Faces Much Of Ex-Employees' Chinese Bias Suit

    A New York federal judge on Monday trimmed a proposed class action accusing TD Bank of discriminating against employees of Chinese national origin in the wake of federal anti-money laundering investigations, saying former employees sufficiently alleged disparate treatment based on their national origin but not any policy that targeted them.

  • August 17, 2026

    Law Firm's Challenge To 2021 Statute Falls Short, Judge Says

    A Georgia federal judge on Monday dismissed a lawsuit brought by an attorney and his firm alleging a 2021 law designed to combat money laundering could force the attorney to violate attorney-client privilege, finding the plaintiffs had failed to allege any concrete injury that would empower them to pursue the case. 

  • August 17, 2026

    JPMorgan Loses State Trade Secret Claims In Data Suit

    JPMorgan Chase Bank cannot pursue state law trade secret claims against a data analytics company over the alleged misuse of credit card data supplied for regulatory purposes, with a Delaware federal judge ruling Monday that the bank still hasn't tied that conduct to Delaware or Ohio.

  • August 17, 2026

    Russia Faces Tough Questions In $1.1B Crimea Award Fight

    A D.C. federal judge appeared unconvinced Monday that the Russian Federation could get an early out from a Ukrainian bank's suit to enforce a $1.1 billion arbitral award by claiming that the law of international armed conflict rendered expropriation protections in the nations' bilateral investment treaty toothless.

  • August 17, 2026

    Doxo To Pay FTC $2.1M Over Misleading Ads And Fees

    Doxo will pay $2.1 million to settle Federal Trade Commission claims that the online bill pay service and two co-founders misled consumers about fees and used deceptive advertising to impersonate billers, the commission announced on Monday, after a Washington federal judge granted partial summary judgment earlier this year.

  • August 17, 2026

    Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit

    Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.

  • August 17, 2026

    Hospital Employees Seek Class Cert. In Retirement Funds Suit

    Employees of a faith-based nonprofit Colorado hospital urged a federal judge to grant class certification in their lawsuit alleging the hospital mismanaged employees' retirement funds and ultimately cost participants tens of millions of dollars.

  • August 17, 2026

    Suspended Pa. Atty Gets More Scrutiny In Investment Scheme

    A Pennsylvania attorney whose law license was recently suspended skipped a separate disciplinary hearing Monday over claims that he used his bank accounts to pool investors' funds and looked the other way as the money was allegedly being misappropriated.

  • August 17, 2026

    Rising Star: Cahill Gordon's Miles Wiley

    Cahill Gordon & Reindel LLP's Miles Wiley helped Credit Suisse beat nearly decade-old foreign-exchange rigging claims at trial and guide Deutsche Bank to two landmark wins against terrorism financing and fraud-related cases, earning him a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 17, 2026

    Orrick Continues Finance Team Growth With DLA Piper Atty

    Orrick Herrington & Sutcliffe LLP announced the latest addition to its structured finance team on Monday, touting the former DLA Piper attorney's experience with collateralized loan obligations and related leveraged loan warehouse facilities.

  • August 17, 2026

    Debevoise Hires 2 Former Davis Polk Attorneys For AI Practice

    Debevoise & Plimpton LLP announced on Monday the hiring of two former Davis Polk & Wardwell LLP lawyers as counsel focused on artificial intelligence in New York and Washington, D.C.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    Palestine Bank Must Face Trimmed Martyr Check Terror Suit

    Palestine Investment Bank must face claims that it processed "martyr payments" made by terrorist groups to the families of suicide bombers, with a New York federal judge finding the bank knowingly facilitated checks that had the word "martyr" in Arabic written in the memo line.

Expert Analysis

  • How 2nd Circ. Raised The Bar For Pleading Securities Fraud

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    In Huey v. Anavex, the Second Circuit recently appeared to increase the burden on securities fraud plaintiffs in pleading loss causation where no immediate share price decline follows the corrective disclosure, generating new questions that district courts must grapple with, say attorneys at Skadden.

  • Navigating OFAC's 50% Rule For Cross-Border Exec Mobility

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    A recent Office of Foreign Assets Control guide signals that its 50% ownership rule can determine not only sanctions compliance but also whether a company can sponsor multinational executives for immigration, highlighting an often overlooked interaction between sanctions and immigration law, says Xuan Zhang at Reid & Wise.

  • Trade Secret Practice Tips From The 1st Half Of 2026

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    Intellectual property attorneys should consider what several significant developments in 2026 thus far mean for how they protect, litigate and value trade secrets, focusing on new state noncompete bans, cases scrutinizing how plaintiffs identify trade secrets and federal rulings on damages doctrines, say attorneys at Faegre Drinker.

  • Yellow Corp. WARN Act Appeal Refines Layoff Guidance

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    A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustment and Retraining Notification Act claims against Yellow underscores that fact-specific notices and thoughtful timing are essential for distressed companies implementing layoffs, say attorneys at King & Spalding.

  • High Court Rulings Could Alter Agency Strategy For Cos.

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    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

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    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

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    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • How To Brace For A Potential Democratic Oversight Push

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    With the possibility of a shift in congressional control after the November midterm elections, companies and their general counsel should prepare now by mapping oversight exposure, reviewing government interactions, preserving records and developing coordinated communications strategies, say attorneys at Hogan Lovells.

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

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    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • AI-Fueled Pro Se Suits Pose Rising Risk For Lenders

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    Harris v. Pinnacle Bank, a recently decided Mississippi federal court case, illustrates how pro se borrowers are using artificial intelligence to file more sophisticated documents that can complicate and prolong loan enforcement proceedings, making early procedural challenges and tighter litigation strategies increasingly important for lenders, says Joseph Briggett at Baker Donelson.

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