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May 05, 2026
The Second Circuit ruled Tuesday that national banks are exempt from a New York law that requires interest to be paid on mortgage escrow accounts, handing a key victory to Bank of America NA in closely watched litigation testing the limits of states' banking regulatory authority.
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May 05, 2026
A Texas appeals panel seemed skeptical of a bankruptcy trustee's attempt to revive an action seeking to claw back money distributed by True Health Group to its shareholders before the company declared bankruptcy, asking Tuesday if the trustee brought its claims under the correct portion of the law.
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May 05, 2026
A Fourth Circuit panel seemed uncertain Tuesday of whether it would uphold the entirety of a $22 million Americans with Disabilities Act verdict favoring a former Wells Fargo employee, with at least two judges questioning whether he suffered a concrete injury from the bank allegedly failing to accommodate his work-from-home request.
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May 05, 2026
Santander Bank and its investment adviser unit have sued a former employee, alleging that he improperly wooed away the vast majority of his clients when he decamped for a competitor.
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May 05, 2026
BlackRock and State Street have further urged a Texas federal judge to trim down antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that the chain from their investment activity to retail electricity prices "stretches through multiple intervening markets and countless nonparties."
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May 05, 2026
Five banking groups say proposed language governing interest and rewards payments on stablecoins, intended to advance a bill to regulate crypto markets, "falls short," while the lawmakers behind the proposal say they've worked directly with banks for months to "encourage compromise."
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May 05, 2026
Bullish said Tuesday it has agreed to acquire Equiniti in a $4.2 billion transaction steered by three law firms, as the institutional digital asset platform aims to create a global transfer agent for tokenized securities.
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May 05, 2026
Two insurers said they owe no coverage for a fraudulent scheme that caused the failed Silicon Valley Bank to lose $73 million, telling a North Carolina federal court that the bank has not satisfied all requirements under its financial institution bonds' extended forgery coverage provision.
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May 05, 2026
Deutsche Bank AG and Pathward NA urged a New York federal court to dismiss a suit accusing them of improperly blacklisting a barter-based payment platform that the banks found was "transaction laundering" for companies selling gray-market pharmaceuticals, arguing that the suit's jurisdiction assertions are fatal to the claims.
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May 05, 2026
The U.S. Department of Justice has asked a Washington, D.C., federal judge to vacate his decisions that blocked subpoenas from its now-closed criminal investigation into Federal Reserve Chair Jerome Powell, arguing that the slate should be wiped clean on mootness grounds.
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May 05, 2026
Freshfields LLP has hired a Skadden Arps Slate Meagher & Flom LLP white collar defense lawyer, who spent years working as a federal prosecutor investigating corporate financial crime, international money laundering and other related matters.
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May 04, 2026
Ukrainian state-owned Oschadbank has opened a new front as it looks to enforce a nearly 8-year-old, $1.1 billion arbitral award against Russia over the seizure of its Crimean assets, filing a complaint in New York federal court on Friday seeking to enforce a French judgment recognizing the award.
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May 04, 2026
A hedge fund that is suing units of Bank of America and Canadian Imperial Bank of Commerce for alleged spoofing by their clients has told a New York federal court that a recent decision to exclude the hedge fund's damages expert doesn't doom its case, pushing back on a bid from the banks for an end to the litigation.
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May 04, 2026
The Office of the Comptroller of the Currency has told the Ninth Circuit a former Rabobank compliance officer is not entitled to $4 million in attorney fees and expenses over costs purportedly incurred during an abandoned enforcement proceeding, arguing the record "raises serious questions as to whether the request is excessive."
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May 04, 2026
A Second Circuit panel refused Monday to let a group of gas stations separately sue Visa and Mastercard over their swipe fees, holding the would-be plaintiffs cannot get out of a $5.6 billion antitrust settlement the credit card giants inked with merchants.
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May 04, 2026
A Maryland federal judge has permanently tossed a lawsuit brought by Alliance Global Capital Fund and a cheese shop that sought $900 billion in damages alleging Wells Fargo refused to redirect funds it knew were credited to the wrong account, finding a majority of the case's claims were brought too late.
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May 04, 2026
Fintech platforms have told the U.S. Commodity Futures Trading Commission that few events should be off-limits for trading as the agency crafts rules for prediction markets, while tribes, consumer groups and states are calling on the agency to ban sports markets altogether as off-label gambling.
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May 04, 2026
President Donald Trump has expanded his sanctions regime against Cuba, issuing an executive order targeting Cuban government officials while also implementing second-order sanctions against financial institutions that carry out transactions with sanctioned individuals.
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May 04, 2026
Trump family-tied crypto firm World Liberty Financial LLC hit back at crypto billionaire Justin Sun with a defamation suit Monday, claiming he bet against a token he publicly hyped as part of an alleged short-and-distort scheme.
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May 04, 2026
Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.
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May 04, 2026
Canada will provide CA$1.5 billion ($1.1 billion) in financing to companies impacted by U.S. tariffs, especially those on steel, aluminum and copper, the Canadian government said Monday, the latest in a string of support measures.
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May 04, 2026
American Express Global Business Travel said Monday it has agreed to be acquired by Long Lake Management in an all-cash deal valuing the corporate travel company at about $6.3 billion that was steered by five law firms.
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May 04, 2026
Davis Polk & Wardwell LLP is opening an office in Los Angeles and is bringing on the former leader of Skadden Arps Slate Meagher & Flom LLP's office in the city.
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May 04, 2026
WilmerHale has added a former U.S. Securities and Exchange Commission deputy director as a partner in its securities and financial services department, the firm announced on Monday.
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May 01, 2026
Delta Dental has agreed to pay $2.25 million to resolve the New York financial regulator's claims that the insurer maintained inadequate cybersecurity and breach response measures that enabled hackers to obtain access to files sent through the MOVEit transfer tool containing its customers' personal information.