Banking

  • March 03, 2026

    OCC Clears Faster Merger, Licensing Path For Smaller Banks

    The Office of the Comptroller of the Currency on Tuesday expanded fast-track merger review and licensing pathways for banks under $30 billion in assets, its latest move to advance the Trump administration's deregulatory push for so-called community banks.

  • March 03, 2026

    Goldman, Former Execs Seek Early Win In 1MDB Bribery Suit

    Goldman Sachs and two of its former executives have asked a New York federal judge to grant them an early win in an investor suit claiming losses from the 1MDB bond bribery scandal, saying that what remains in the suit is an "incoherent, reverse-engineered theory of securities fraud that the factual record does not sustain."

  • March 03, 2026

    7th Circ. Expedites Bank Appeal Of Ill. Swipe-Fee Law

    The Seventh Circuit granted banking and credit union trade groups' bid to fast-track their appeal over the Illinois Interchange Fee Prohibition Act after they asked to schedule the case for a decision before the law banning swipe fees on tax and tip payments takes effect July 1.

  • March 03, 2026

    Former Iowa Biz President Convicted Of Bankruptcy Crimes

    The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federal prosecutors announced Tuesday.

  • March 03, 2026

    Wealth Management Firm Sued Over 5.7M Record Breach

    A wealth management firm was hit with a proposed class action in Colorado federal court by a client who alleges that an extortion-driven cyberattack by the hacking group ShinyHunters exposed approximately 5.7 million individual records containing sensitive personal information.

  • March 03, 2026

    SoftBank-Backed PayPay Launches Plans For $1B IPO

    Japanese mobile payment app PayPay, a subsidiary of SoftBank Group Corp., said it anticipates a $1 billion initial public offering, represented by Simpson Thacher & Bartlett LLP and underwriters counsel Davis Polk & Wardwell LLP.

  • March 03, 2026

    Ex-Morgan Stanley Adviser Guilty Of Defrauding NBA Clients

    A Manhattan federal jury on Tuesday convicted a former Morgan Stanley investment adviser on fraud charges, for allegedly defrauding NBA player clients by overcharging them for life insurance investments and misappropriating funds.

  • March 03, 2026

    Wells Fargo Escapes Ex-Workers' Prescription Cost Suit

    Former Wells Fargo workers on the employer healthcare plan failed to show that the company violated federal benefits law by allowing them to overpay for prescription drugs, a Minnesota federal judge found Tuesday, tossing the proposed class action.

  • March 03, 2026

    Man Gets 6 Years In Prison For $5.6M Fraud

    A Pennsylvania man who pled guilty to wire fraud and money laundering was sentenced Tuesday in Colorado federal court to more than six years in prison for his role in two separate schemes that defrauded several government entities and individuals of more than $5.6 million.

  • March 02, 2026

    VIX Note Investors Denied Appeal Bid In Credit Suisse Suit

    Investors who claimed Credit Suisse manipulated the market for certain exchange-traded notes can't immediately appeal an order blocking them from further amending their claims, in part because they sought review of a question "ill-suited to purely legal analysis," a federal judge in Manhattan held.

  • March 02, 2026

    Lawmakers Urged To Rein In Debt Settlement Industry

    Lender trade groups on Friday urged Congress to tighten federal oversight of the debt settlement industry, warning of significant potential harm from companies that they said are increasingly pitching consumers on "strategic default" as a path to financial relief.

  • March 02, 2026

    FINRA Fines Goldman Subsidiary $1.3M Over Order Execution

    The Financial Industry Regulatory Authority fined Goldman Sachs subsidiary Folio Investments Inc. $1.3 million for allegedly failing to properly review order execution quality after changing the market center through which it routed a substantial amount of its customer orders.

  • March 02, 2026

    Senate Banking Dems Call For Binance Deal Compliance Probe

    Senate Democrats on the banking committee are pressing the U.S. Department of Justice and U.S. Department of the Treasury to investigate reports that cryptocurrency exchange Binance Holdings Ltd. could be flouting the requirements of a 2023 settlement agreement. 

  • March 02, 2026

    Cadwalader Continues Restructuring Growth With UK, US Duo

    Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.

  • March 02, 2026

    Attorney, Law Firm Seek Exit From EB-5 Fraud Suit

    An attorney and his law firm urged a Florida federal judge to throw out fraud claims a proposed class of EB-5 investors lodged against them over what they called a sham real estate development in Orlando, Florida.

  • March 02, 2026

    Justices Decline CashCall Challenge To $134M CFPB Award

    The U.S. Supreme Court said Monday that it will not review a Ninth Circuit decision upholding a $134 million restitution award for the Consumer Financial Protection Bureau in a long-running case over a tribal lending program that ultimately lost millions for lender CashCall Inc.

  • February 27, 2026

    Energy Transfer Secures $345M Greenpeace Judgment

    A North Dakota state judge Friday entered final judgment in favor of Energy Transfer, finalizing a $345 million defamation and property damage verdict against Greenpeace in a dispute over the Dakota Access pipeline protests, according to a statement from Greenpeace.

  • February 27, 2026

    'Lack Of Adversity' Stops Court From Ending Biden SAVE Plan

    A Missouri federal judge dismissed a coalition of Republican-led states' lawsuit challenging a Biden-era student debt relief plan, saying Friday he can't end the plan like the Trump administration wanted given the "apparent lack of adversity" in the suit between the states and the administration.

  • February 27, 2026

    Morgan Stanley Joins Ranks Of OCC Crypto Bank Hopefuls

    Morgan Stanley has applied with the Office of the Comptroller of the Currency to launch a new crypto-focused national bank, adding its name to a growing list of institutions pursuing federal trust charters for digital asset businesses.

  • February 27, 2026

    TD Bank Escapes $3-Fee Suit, NY Law Ruled Unconstitutional

    A New York federal judge on Friday dismissed, with prejudice, a suit alleging that TD Bank was illegally charging customers a $3 fee to receive monthly paper statements for their checking accounts, finding that the underlying statute on which the suit was based is unconstitutional.

  • February 27, 2026

    OCC Finalizes Rule Confirming Trust Charter's Broader Scope

    The Office of the Comptroller of the Currency on Friday finalized a rule amending its chartering regulations to make clear that national trust banks can go beyond managing assets for others, a tweak that could benefit fintech firms seeking charters and could draw the ire of banking groups.

  • February 27, 2026

    SEC Issues Final Rules For Foreign Private Issuer Reporting

    The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.

  • February 27, 2026

    Deutsche Bank Drops $180M Bond Bid Against Billionaire Vik

    Deutsche Bank has agreed to drop a request in Connecticut for billionaire Alexander Vik and his daughter to post a $180 million bond while the pair block litigation in Norway connected to a $243 million United Kingdom judgment surrounding unpaid margin calls.

  • February 27, 2026

    PG&E Investors' $100M Wildfire Suit Deal Gets Initial OK

    California utility Pacific Gas & Electric Co., its brass, underwriters and shareholders have received initial approval of their $100 million deal settling claims the company misled investors about its safety practices ahead of deadly wildfires in the past decade.

  • February 27, 2026

    Credit Bureaus Fight Bid To Add Plaintiffs, Claims To Suit

    Medical providers and a collection agency in a proposed class action accusing Equifax, Experian and TransUnion of conspiring to exclude less than $500 in medical debt from consumer credit reports lack good cause to again amend their complaint, the credit reporting agencies told a federal court. 

Expert Analysis

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • How Fed. Circ. Shaped Subject Matter Eligibility In 2025

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    The Federal Circuit's most impactful patent eligibility decisions this year, touching on questions about obviousness and abstractness, provide a toolbox of takeaways that can be utilized during patent preparation and prosecution to guard against potential challenges, says Reilley Keane at Banner Witcoff.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling

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    Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.

  • 10th Circ. Decision May Complicate Lending In Colorado

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    The Tenth Circuit's decision last month in National Association of Industrial Bankers v. Weiser clears the way for interest rate limits on all consumer lending in Colorado, including loans from out-of-state banks, potentially adding new complexities to lending to Colorado residents, say attorneys at Manatt.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Why Digital Asset Treasuries Are Drawing Regulator Concerns

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    Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.

  • Minn. Financial Abuse Law Should Prompt Operational Review

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    A new Minnesota law targeting the financial exploitation of vulnerable adults with an order-for-protection mechanism will affect multiple functions across banking organizations, and in the time remaining in 2025, banks should take action to update any needed workflow and documentation protocols, say attorneys at Winthrop & Weinstine.

  • SEC Penalties Trended Down In FY 2025, Offering 2026 Clues

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    The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • A Close Look At The Evolving Interval Fund Space

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    Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

  • A Primer On NYDFS' 3rd-Party Cybersecurity Guidance

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    The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

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