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.
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Latest News in Banking
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October 08, 2026
Sen. Rick Scott can narrow his suit over an IRS contractor's leak of his tax returns to proceed only on a negligence claim against Booz Allen Hamilton in Florida federal court, a judge ruled, saying the trim avoids overlapping litigation after claims against the leaker were transferred.
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October 08, 2026
The Eighth Circuit's recent ruling in King v. Texas Insurance illustrates a practical limit on receivership powers: A receiver may marshal insurance proceeds belonging to the estate but cannot expand the insured's contractual rights or make policy proceeds collectible unless the coverage triggers are satisfied, say attorneys at Kutak Rock.
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October 08, 2026
SpaceX is seeking financing to purchase $40 billion of Nvidia microchips, Chinese AI company DeepSeek is close to securing a $12 billion funding round, and Anthropic could launch its IPO before Thanksgiving. In other reports, Barbie maker Mattel is facing increased pressure to sell after a rough run on the stock market.
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October 07, 2026
The former board chair and co-owner of the Puerto Rico-based Nodus International Bank was sentenced Wednesday to more than five years in federal prison for leading a scheme to fraudulently steal nearly $24 million from the now-collapsed bank, federal prosecutors announced.
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October 07, 2026
A proposed wage-and-hour class action targeting U.S. Bank NA will remain in federal court, a Seattle judge ruled Tuesday, finding that the bank sufficiently showed that the dispute is worth more than $5 million and thus eligible for removal under the Class Action Fairness Act.
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