Banking Law360 provides breaking legal news and analysis on the banking sector. Coverage includes high-stakes litigation involving banks, as well as federal, state, and international policy developments and corporate deals.
Five U.S. agencies have set out measures to allow banks to transfer so-called legacy swaps from the U.K. to a subsidiary based in Europe or America without triggering tougher margin requirements if Britain crashes out of the bloc without a deal.
Fidelity National Information Services, led by Willkie Farr & Gallagher LLP, on Monday inked a $43 billion deal, including debt, for Worldpay, guided by Skadden Arps Slate Meagher & Flom LLP, marking the latest payments services tie-up as the space consolidates.
Citibank has urged a California federal judge to reject a bid to certify a putative class action accusing the bank of placing debt collection calls to wrong numbers, arguing that determining who actually received the calls would require a painstaking review of individualized account records.
Eleven firms are set to steer five initial public offerings that could exceed $1.5 billion during the week of March 18, featuring a private equity-backed software firm, iconic jeans maker Levi Strauss & Co. and blank check companies hunting for acquisitions as a busy spring dawns.
The last week has seen a commercial fraud claim filed against the founders of now-defunct sports marketing giant MP & Silva, Kuwait's social security agency sue several Swiss banks and its former head, and AXA lodge an action against the company behind Admiral Insurance. Here, Law360 looks at those and other new claims in the U.K.