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Banking
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March 16, 2026
4 Firms Guide Crypto Firm Abra's $750M SPAC Merger
Cryptocurrency platform Abra said Monday that it will go public through a merger with a special purpose acquisition company in a deal advised by four firms that's based on a $750 million valuation for Abra.
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March 16, 2026
SEC Enforcement Head Resigns After 7 Months
The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.
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March 16, 2026
Sen. Warren Probes Auto Lenders On Military Borrower Rates
The U.S. Senate Banking Committee's top Democrat pressed major auto lenders for underwriting information on military service members, noting they pay higher rates on average while statutory lending protections for service members exempt many auto loans.
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March 13, 2026
CFPB Can't Rely On 'Erroneous' Funding Theory, Court Says
The Consumer Financial Protection Bureau must continue to request needed funding from the Federal Reserve, a California federal judge ruled Friday, saying Trump administration budget chief Russell Vought "acted arbitrarily, capriciously and contrary to law" by refusing to replenish the agency's dwindling funds.
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March 13, 2026
Split 10th Circ. Refuses To Rehear Custodia Account Suit
The Tenth Circuit on Friday denied a full court reconsideration of an earlier decision granting Federal Reserve banks discretion to reject master bank accounts, but a dissenting judge argued in favor of crypto-focused Custodia Bank's position that the decision would give the Fed too much power over state banks.
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March 13, 2026
ROSS Says Anthropic Case Supports 3rd Circ. IP Appeal
An artificial-intelligence-based legal search engine appealing a finding that its use of Thomson Reuters' Westlaw headnotes did not constitute fair use has pointed to arguments in a separate case it says supports the idea that AI training is connected to national security.
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March 13, 2026
Cohen & Buckmann Hires Holland & Knight Benefits Partner
Cohen & Buckmann PC has hired a longtime Holland & Knight LLP partner who will oversee the firm's mergers and acquisitions benefits support work and continue her executive compensation practice.
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March 13, 2026
DC Judge Blocks Subpoenas Targeting Fed's Powell
A Washington, D.C., federal judge has blocked a pair of subpoenas tied to the U.S. Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell, finding they were improperly issued with the aim of harassing the central bank chief in a ruling that is reverberating on Capitol Hill.
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March 13, 2026
UK Litigation Roundup: Here's What You Missed In London
In London, Estée Lauder accused Jo Malone's founder of intellectual property infringement, the wife of an Iranian businessman linked to a £75 million fraud sued several Iranian oil companies, HSBC sued U.S. property tycoon Michael Fuchs, and Charles Russell Speechlys brought a claim against a United Arab Emirates company it once represented in an international arbitration.
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March 13, 2026
Esquire's $348M Signature Deal Bolsters Litigation Platform
Esquire Financial Holdings Inc. has agreed to buy the parent company of Signature Bank in a roughly $348.4 million deal that Esquire said will help expand its Chicago-area commercial banking presence and support growth of its litigation banking platform.
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March 13, 2026
Cahill Gordon Partner Joins DLA Piper's NY Finance Practice
DLA Piper has added a former Cahill Gordon & Reindel LLP partner to its leveraged finance practice in New York.
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March 12, 2026
FDIC Owns SVB Insurance Claims, Court Told
The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its historic collapse in early 2023, is entitled to recover on what could be tens of millions of dollars in financial institution bond proceeds, the FDIC's counsel told a North Carolina federal court Thursday.
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March 12, 2026
Fed's Bowman Previews Plan To Rewrite Bank Capital Rules
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday that federal regulators will move next week to propose a sweeping overhaul of U.S. bank capital rules, previewing changes that are expected to result in a "modest" net easing for larger banks.
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March 12, 2026
DOJ Wants Morgan Stanley, DOL Opinion Dispute Tossed
The U.S. government has moved to dismiss a suit from former Morgan Stanley financial advisers challenging a U.S. Department of Labor advisory opinion that said the bank's deferred compensation plans likely aren't covered by federal benefits law, with the advisers responding by saying the agency's finding is hurting them because the bank is using it in arbitration proceedings.
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March 12, 2026
NJ AG Fines Firm $375K For Lax Fraud Prevention Procedures
Broker-dealer Network 1 Financial Securities Inc. will pay nearly $400,000 to settle claims from the New Jersey attorney general that its procedures related to anti-money laundering, customer identity verification and market abuse prevention were ineffectively established and performed.
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March 12, 2026
UBS Whistleblower Suit Ends In Settlement After Retrial Order
A New York federal judge on Thursday dismissed a fired UBS worker's whistleblower retaliation lawsuit after the parties reached a settlement in principle earlier this week, ending a long-running case that was revived by the U.S. Supreme Court and saw the judge order a retrial last month.
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March 12, 2026
Feds Rip 'Incoherent' SBF Claim Of Political Weaponization
Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.
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March 12, 2026
Democrats Vow To Oversee DOJ's Reported Binance Inquiry
Three Democratic U.S. senators said Thursday that they will oversee a reported investigation by the U.S. Department of Justice into potential Iran sanctions violations carried out on the cryptocurrency exchange Binance.
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March 12, 2026
Investors Sue Florida Trading 'Savant' Over Ponzi-Style Fraud
Investors sued a self-styled foreign exchange trading "savant" claiming he solicited millions from friends and relatives that were meant to be pooled into legitimate investments but were instead funneled into a Ponzi scheme.
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March 12, 2026
PayPal Execs Hit With Derivative Suit Over 2027 Forecast
PayPal executives and directors were hit with a shareholder's derivative suit accusing them of damaging the company with comments about the strong growth trajectory for its branded checkout segment that the investor said turned out to be untrue.
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March 12, 2026
Holland & Knight's San Francisco Office Shifts Leadership
Holland & Knight LLP announced on Thursday that it has appointed a real estate finance attorney who co-chairs the firm's healthcare finance practice to take the reins of its San Francisco office.
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March 12, 2026
SoftBank-Backed PayPay Downshifts To $880M IPO
SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp. began trading on the Nasdaq on Thursday at $16 a share, below the range it had announced in early March as the war in Iran roils the market.
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March 12, 2026
Haynes Boone Names New Charlotte Office Managing Partner
Haynes Boone has elevated a North Carolina finance partner to office managing partner in Charlotte as the city continues its ascent as a financial and legal hub.
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March 11, 2026
Judge Eyes Halkbank's No-Fine Deal To Nix Sanctions Case
A Manhattan federal judge Wednesday let prosecutors and Turkey's Halkbank move forward with a no-fine deal that will likely resolve criminal charges alleging the state-backed lender conspired to launder billions of dollars in sanctioned Iranian oil proceeds.
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March 11, 2026
FDIC Plans No Pass-Through Stablecoin Insurance, Hill Says
Federal Deposit Insurance Corp. Chairman Travis Hill said Wednesday that his agency will propose expressly excluding payment stablecoins from pass-through insurance coverage, outlining the move as part of a wide-ranging update on his to-do list of regulatory initiatives.
Expert Analysis
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Series
Judges On AI: How Judicial Use Informs Guardrails
U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.
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Crypto-Asset Strategy For Corporate Legal Leaders In 2026
As digital assets experience increased regulatory clarity, institutional adoption and technological maturity, in-house legal leaders must build strong policies this year and stay engaged with the evolving market to help their companies seize the opportunities of the digital asset era while managing the risks, say attorneys at Foley & Lardner.
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Cybersecurity Must Remain Financial Sector's Focus In 2026
In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.
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Presidential Pardon Brokering Can Create Risks For Attys
The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges grounded in bribery, wire fraud and other statutes, says David Klasing at The Tax Law Offices of David W. Klasing.
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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5 Compliance Takeaways From FINRA's Oversight Report
The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.
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How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes
Data shows that the U.S. Securities and Exchange Commission's seemingly unlimited authority to levy monetary penalties on market participants has diverged far from the federal securities laws' limitations, but three reforms can help reverse the trend, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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How Payments Law Landscape Will Evolve In 2026
After a year of change across the payments landscape, financial services providers should expect more innovation and the pushing of regulatory boundaries, but should stay mindful that state regulators and litigation will continue to challenge the status quo, say attorneys at Troutman.
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Opportunities Amid The Challenges Of Trump's BIS Shake-Up
The Trump administration’s continuing overhaul of the Bureau of Industry and Security has created enormous practical challenges for export compliance, but it potentially also offers a once-in-a-generation opening to advocate for simplifying and rationalizing U.S. export controls, say attorneys at Gibson Dunn.
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How SEC Civil Penalties Became Arbitrary: The Data
Data regarding how the U.S. Securities and Exchange Commission has adhered to its own civil penalty rules over the past 20 years reveals that awards are no longer determined in accordance with the guidelines imposed on the SEC by the securities laws, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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Series
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.
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OCC's New Fee Clearance Shows Further Ease Around Crypto
The Office of the Comptroller of the Currency's recent holding that banks can use crypto-assets to pay certain blockchain network fees shows that the OCC is further warming to the idea that organizations are using new methods to do "the very old business of banking," say attorneys at Jones Day.
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How SEC Civil Penalties Became Arbitrary: The Framework
An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.