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Latest News in Banking

• March 27, 2026

  Kansas City Fed Pressed For Kraken Account Approval Terms

  The ranking member of the House Financial Services Committee asked the Federal Reserve Bank of Kansas City to share more information about its decision to grant crypto firm Kraken Financial access to Fed payment rails, including what limits it imposed on the new type of tailored master account.

• March 27, 2026

  Split Fed Gives Morgan Stanley OK For European Arm Reorg

  The Federal Reserve has narrowly granted its permission for Morgan Stanley to turn its European Union banking arm into a unit of its insured U.S. bank, a move that sharply divided the central bank's board amid concerns about straining the federal bank safety net.

• March 27, 2026

  Bank Says Ex-Execs Fired For Conduct, Not Whistleblowing

  Florida community bank First National Bank of Pasco told a federal judge that two former executives who claim they were fired for blowing the whistle on banking law violations were actually fairly terminated, and one of the plaintiffs did not even participate in the alleged whistleblowing.

• March 27, 2026

  Credit Suisse Gets Bondholders' NJ RICO Claim Axed

  An investor lawsuit accusing Credit Suisse of concealing its financial strains leading up to its takeover by UBS AG was trimmed by a New York federal judge, who found the suit failed to support its New Jersey racketeering claim.

• March 27, 2026

  8 Tariff Refund Questions For Restructuring Professionals

  For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.

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