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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May 19, 2026
A shareholder of Webster Financial Corp. withdrew with prejudice his lawsuit alleging the bank's expected $12.3 billion cash-and-stock sale to Banco Santander SA undervalued Webster while enriching its CEO, according to a notice filed in Connecticut state court Monday.
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May 19, 2026
A coalition of 24 attorneys general and two governors are challenging a rule recently promulgated by the U.S. Department of Education, alleging in a complaint in Maryland federal court Tuesday that it unlawfully limits access to federal student loans for those pursuing professional degree programs.
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May 19, 2026
Federal prudential regulators recently issued new model risk management guidance for banks that is designed to reduce prescriptive supervisory expectations and instead focus more on material financial risk, so banking organizations should reassess their model inventories, apply the new materiality framework and update their internal policies, say attorneys at Orrick.
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May 19, 2026
Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent the company into Chapter 11.
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May 19, 2026
A Connecticut state judge has relieved Pullman & Comley LLC of malpractice, negligence, gross negligence, recklessness and fiduciary duty claims in a lender's lawsuit surrounding an allegedly unauthorized $16.2 million loan, ruling that the lender was not the law firm's client and, therefore, did not have standing to bring the claims.
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