Banking

  • December 02, 2025

    Ex-Estate Trustee Dodges Jail In $16M Mismanagement Suit

    A Connecticut state court judge has declined to jail or otherwise sanction a former trustee in a discovery dispute over his use of $16 million in family trust assets to secure lines of credit and invest in Vietnamese real estate, but he wants document production issues resolved "as expeditiously as possible."

  • December 02, 2025

    MVP: Paul Hastings' Jennifer St. John Yount

    Jennifer St. John Yount of Paul Hastings LLP worked with several major banks and credit lenders over the past year in complex, "jumbo" transactions, including advising a syndicate of private credit lenders in providing financing for Clearlake Capital's $5.3 billion majority growth investment in an AI-powered healthcare platform, earning her a spot as one of the 2025 Law360 Banking MVPs.

  • December 02, 2025

    3rd Circ. Weighs 'Information' Meaning In Credit Report Rift

    A panel of the Third Circuit on Tuesday considered whether Experian acted reasonably when it reported that a New Jersey consumer was behind on child support payments despite the consumer's efforts to dispute that report's accuracy, questioning whether the purported delinquency had to be reported in the first place.

  • December 02, 2025

    SEC's Atkins Pushes To Broaden Small Business Criteria

    U.S. Securities and Exchange Commission Chairman Paul Atkins said on Tuesday that the agency should push to change the definition of small business so that more publicly traded companies can forgo what he considers to be burdensome regulatory requirements.

  • December 02, 2025

    Santander Scores $472M For 3.5% Stake In Polish Unit

    Banco Santander SA announced Tuesday it sold 3.5% of equity in its Polish subsidiary, Santander Bank Polska, through an accelerated placement that raised roughly PLN 1.72 billion, or about $472 million.

  • December 01, 2025

    Bristol-Myers Must Face Trimmed $6.7B Celgene Investor Suit

    A Manhattan federal judge Monday trimmed UMB Bank's lawsuit accusing Bristol-Myers Squibb of slow-walking the U.S. Food and Drug Administration approval process for three drugs to avoid paying shareholders $6.7 billion owed from its 2019 acquisition of Celgene Corp.

  • December 01, 2025

    Fed Sees Shrinking Number Of Open Exam Findings At Banks

    The Federal Reserve on Monday reported broad declines in open supervisory issues at financial institutions under its oversight during the first half of the year, a shift that comes as the Trump administration is pursuing efforts to rein in examiner criticism of banks.

  • December 01, 2025

    DC Circ. Wonders If SEC Arbitration Decision Was Too Brief

    At least one judge on the D.C. Circuit wondered Monday whether the SEC presented too "bare bones" of an opinion when rejecting a petition to amend three long-running arbitration rules adopted by the Financial Industry Regulatory Authority.

  • December 01, 2025

    State AGs Demand Info From 'Buy Now, Pay Later' Lenders

    A multistate coalition of seven attorneys general has launched a probe into the terms and fees set by "buy now, pay later" lenders that are popular with shoppers, saying they're concerned that the companies' products could be breaking consumer protection laws.

  • December 01, 2025

    White House Crypto Czar Hired Clare Locke Amid NYT Probe

    The tech founder-turned-White House crypto and artificial intelligence czar David Sacks has hired defamation specialists at Clare Locke LLP to combat a New York Times investigation into potential conflicts of interest arising from his personal tech investments and role as a White House policy adviser.

  • December 01, 2025

    Lenders Accused Of Ousting, Failing To Pay Lending Exec

    A lending executive sued Community Bankshares Inc. and three related entities in Georgia federal court, alleging they persuaded him to invest $2 million in personal capital plus nine months of work into making their businesses profitable before terminating him and denying him promised conversion and equity rights, compensation and bonuses.

  • December 01, 2025

    CFTC's Pham Expands 'Due Process' For Enforcement Targets

    The U.S. Commodity Futures Trading Commission announced changes to its investigation process Monday that the acting chair said are meant to protect the due process rights of those who are accused of wrongdoing by agency attorneys.

  • December 01, 2025

    MVP: A&O Shearman's Adam Hakki

    A&O Shearman's Adam Hakki beat back investor derivative claims against Bank of America, helped douse securities litigation against Norfolk Southern's underwriters and freed PayPal from a high-dollar stock fraud suit, earning a place as one of the 2025 Law360 Banking MVPs.

  • December 01, 2025

    Loan Co. Can't Avoid Cannabis Co.'s Contract Breach Suit

    A New Jersey federal judge won't let a lender escape a cannabis company's allegations that the lender falsely held it in default so it could seize almost $2 million, saying the complaint sufficiently alleged that the lender went back on enforceable promises.

  • November 28, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the National Crime Agency target an Azerbaijan politician and a subsidiary of Withers over a disputed £50 million ($66 million) property portfolio, the eldest son of a British aristocratic family challenge the trustees of their multimillion-pound estate, and a sports lawyer suspected of dishonesty face action by the Solicitors Regulation Authority following his firm's closure.

  • November 26, 2025

    4th Circ. Clears Lender In Kuwaiti Royal Fraud Case

    World Business Lenders LLC secured a modest windfall in the Fourth Circuit on Wednesday after a panel said the small business lender was not "willfully blind" to financial fraud against a member of the Kuwaiti royal family and reversed a lower court's judgment that ordered WBL to pay over $704,000 in compensatory and punitive damages.

  • November 26, 2025

    Title Co., Investor Must Split Blame In $13M Escrow Fraud Suit

    A title company is partially liable for mishandling $13 million wired into escrow by an investor seeking a 50% ownership interest in a 17-hotel deal, a California federal judge ruled, finding that the title company owed the investor a duty of reasonable care.

  • November 26, 2025

    Colo. Group Says Oil, Gas Fees Are Taxes That Violate TABOR

    A nonprofit conservative advocacy group told a Colorado state court Tuesday that a 2024 law which imposes new fees on oil and gas producers is actually a tax and should be subject to a public vote as required by the Colorado Taxpayer's Bill of Rights.

  • November 26, 2025

    Investor Suit Over Failed TD Bank-First Horizon Deal Tossed

    A New Jersey federal judge dismissed an investor class action over TD Bank's failed $13.4 billion merger with First Horizon Corp., finding that First Horizon investors can't sue because they never held TD Bank shares and the deal didn't close.

  • November 26, 2025

    Justices Delay Copyright Chief Case Until FTC Firing Decision

    The U.S. Supreme Court said it will defer ruling on whether the Trump administration's firing of the U.S. Copyright Office leader was legal until the justices resolve cases involving the terminations of a Democratic Federal Trade Commission member and Federal Reserve Gov. Lisa Cook.

  • November 26, 2025

    Switzerland Delays Crypto Info Swaps With Tax Authorities

    Switzerland will not automatically exchange information on cryptocurrency accounts with foreign tax authorities until at least 2027, although rules governing the exchanges are being adopted into law, the country's executive branch said Wednesday.

  • November 26, 2025

    Investor Says Pot Co.'s Old Defenses Can't Stop Fraud Suit

    An investor suing the principals of cannabis company Devi Holdings Inc. over an undisclosed $13 million tax liability is urging a Florida federal court to deny a motion for summary judgment from Devi's CEO, saying it ignores undisputed facts and rehashes old arguments that were rejected at the dismissal stage.

  • November 26, 2025

    Conn. High Court Snapshot: Utilities Fight Regulator's Orders

    Connecticut Supreme Court justices will spend part of their upcoming term wading into battles between utility companies and the agency tasked with regulating them, which could shape state authority on issues from emergency response requirements to contract interpretation.

  • November 26, 2025

    Weil Elects 17 New Partners In US, Europe

    Weil Gotshal & Manges LLP has elected 17 lawyers to join its partnership as part of a wider round of promotions in which the firm has also boosted its counsel numbers.

  • November 25, 2025

    MoonPay Secures NY Trust Charter For Crypto Custody

    Cryptocurrency firm MoonPay announced Tuesday that New York State Department of Financial Services has given it the green light to provide crypto custody and over-the-counter trading services as a New York limited purpose trust company.

Expert Analysis

  • 6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy

    Author Photo

    Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates.

  • How Crypto Embrace Will Affect Banks And Credit Unions

    Author Photo

    The second Trump administration has moved aggressively to promote crypto-friendly reforms and initiatives, and as the embrace of stablecoins and distributed ledger technology grows, community banks and credit unions should think strategically as to how they might use these innovations to best serve their customers, says Jay Spruill at Woods Rogers.

  • In NY, Long COVID (Tolling) Still Applies

    Author Photo

    A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte.

  • New Conn. Real Estate Laws Will Reshape Housing Landscape

    Author Photo

    With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach.

  • Opinion

    Expert Reports Can't Replace Facts In Securities Fraud Cases

    Author Photo

    The Ninth Circuit's 2023 decision in Nvidia v. Ohman Fonder — and the U.S. Supreme Court's punt on the case in 2024 — could invite the meritless securities litigation the Private Securities Litigation Reform Act was designed to prevent by substituting expert opinions for facts to substantiate complaint assertions, say attorneys at A&O Shearman.

  • Iran Sanctions Snapback Raises Global Compliance Risks

    Author Photo

    ​The reimplementation of U.N. sanctions targeting Iran’s nuclear program​, under a Security Council resolution​'s snapback mechanism, and​ related actions in Europe and the U.K., may change U.S. due diligence expectations and enforcement policies, particularly as they apply to non-U.S. businesses that do business with Iran, says John Sandage at Berliner Corcoran.

  • 3rd Circ. Ruling Forces A Shift In Employer CFAA Probes

    Author Photo

    The Third Circuit's recent ruling in NRA Group v. Durenleau, finding that "unauthorized access" requires bypassing technical barriers rather than simply violating company policies, is forcing employers to recalibrate insider misconduct investigations and turn to contractual, trade secret and state-level claims, say attorneys at Sidley.

  • Glimmers Of Clarity Appear Amid Open Banking Disarray

    Author Photo

    The Consumer Financial Protection Bureau's vacillation over data rights rules has created uncertainty, but a recent proposal is a strong signal that open banking regulations are here to stay, making now the ideal time for entities to take action to decrease compliance risk, says Adam Maarec at McGlinchey Stafford.

  • Opinion

    High Court, Not A Single Justice, Should Decide On Recusal

    Author Photo

    As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • FTC's Consumer Finance Pivot Brings Industry Pros And Cons

    Author Photo

    An active Federal Trade Commission against the backdrop of a leashed Consumer Financial Protection Bureau will be welcomed by most in the consumer finance industry, but the incremental expansion of the FTC's authority via enforcement actions remains a risk, say attorneys at Hudson Cook.

  • How A New BIS Rule Greatly Expands Export Restrictions

    Author Photo

    The newly effective affiliates rule from the U.S. Department of Commerce's Bureau of Industry and Security restricts exports to foreign companies that are 50% or more owned by entities listed on the BIS entity list and the military end-user list — a major shift in U.S. export control enforcement, say attorneys at Simpson Thacher.

  • What Cross-Border Task Force Says About SEC's Priorities

    Author Photo

    The formation of the U.S. Securities and Exchange Commission's cross-border task force, focused on investigating U.S. federal securities law violations overseas, underscores Chairman Paul Atkins' prioritization of classic fraud schemes, particularly involving foreign entities, say attorneys at Cleary.

  • Series

    Traveling Solo Makes Me A Better Lawyer

    Author Photo

    Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.

  • NY Zelle Suit Highlights Fraud Risks Of Electronic Payments

    Author Photo

    The New York attorney general's recent action against Zelle's parent company, filed several months after the Consumer Financial Protection Bureau abandoned a similar suit, demonstrates the fraud risks that electronic payment platforms can present and the need for providers to carefully balance accessibility and consumer protection, say attorneys at Weiner Brodsky.

  • Series

    Law School's Missed Lessons: Client Service

    Author Photo

    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.