Banking

  • April 27, 2026

    Justices Turn Away Lebanese Bank Terrorism Suit

    The U.S. Supreme Court declined Monday to review the Second Circuit's finding that a Lebanese bank is subject to the personal jurisdiction of New York courts on claims over alleged assistance to Hezbollah by a bank it acquired, a case the Lebanese bank had argued raises due process questions.

  • April 24, 2026

    French Water Co. Looks To Enforce $40M Argentina Award

    A French water treatment company petitioned a Washington, D.C., federal judge to enforce its 12-year-old, roughly $40 million arbitral award against Argentina in a dispute about the province of Mendoza, Argentina's implementation of service tariff increases during the country's financial crisis in the early 2000s.

  • April 24, 2026

    Bankers Endorse FCC Fines For 'Know Your Customer' Regs

    Bankers are pleased that the Federal Communications Commission is floating the idea of imposing "know your customer" rules on originating telecom providers and finding those that don't comply, since bank numbers are often among those most "spoofed" by bad actors.

  • April 24, 2026

    Bank Asks 2nd Circ. To OK Fed-Blocked Mortgage Program

    Canandaigua National Corp. has urged the Second Circuit to overturn a Federal Reserve Board decision that denied the community bank's request to introduce a cash guarantee program for homebuyers, arguing the agency wrongly treated the plan as off-limits under what the company called an outdated legal view that banks should not own real estate.

  • April 24, 2026

    Big Banks Say Investors' Beefed-Up Tricolor Claims Still Fail

    JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.

  • April 24, 2026

    Wigdor Sanctioned For Lying In Leon Black Rape Case

    Prominent victims rights law firm Wigdor LLP has been sanctioned for lying to a New York federal judge while pursuing a lawsuit that claims ex-Apollo Global Management CEO Leon Black raped a teenager provided to him by convicted sex offender Jeffrey Epstein.

  • April 24, 2026

    Chinese Bank Must Face Aon Unit's Reinsurance Fraud Suit

    China's largest bank can't avoid an Aon PLC subsidiary's suit seeking to hold the bank liable for its alleged role in a multibillion-dollar reinsurance fraud scheme, a New York state court ruled, allowing all but one negligence claim to move forward.

  • April 24, 2026

    Feds Lock In Cut To Community Bank Leverage Ratio

    Federal regulators on Thursday finalized a rule to relax a streamlined leverage capital requirement for community banks, a move they said will give hundreds more small banks a way to avoid more complex, risk-based capital standards.

  • April 24, 2026

    DOJ Ends Powell Probe, Clearing Way For Warsh Vote

    The U.S. Department of Justice said Friday that it is dropping its criminal investigation into Federal Reserve Chair Jerome Powell, a reversal that has cleared a path for the U.S. Senate to confirm President Donald Trump's pick to succeed him.

  • April 24, 2026

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

    The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

  • April 23, 2026

    Alaska Air Credit Union Left Members' Info Exposed, Suit Says

    A Las Vegas woman has lodged a proposed class action against a Washington-based credit union that provides services to Alaska Airlines employees and their families, claiming the financial institution failed to use reasonable security measures to protect members' personal data that was exposed in a cyberattack.

  • April 23, 2026

    BofA, EY Strike $2.5M Deal To Settle MOVEit Breach Claims

    Bank of America and EY have agreed to pay $2.5 million to nearly 200,000 people to settle claims in multidistrict litigation over the May 2023 breach of file transfer application MOVEit, according to a motion for settlement.

  • April 23, 2026

    Bitcoin Depot Data Breach Suit Can't Proceed, Judge Rules

    A Georgia federal judge freed Bitcoin Depot on Thursday from a proposed class action over a 2024 data breach that affected tens of thousands of customers after ruling that the speculative risk of identity theft on its own could not support the suit.

  • April 23, 2026

    Cathay Bank Says Macquarie Hid $100M DTG Rival Acquisition

    Cathay Bank sued Macquarie's asset management arm and the former executives of recycling company DTG Enterprises in Washington federal court Wednesday, claiming they tricked lenders into backing a $540 million buyout by misrepresenting DTG's financial viability and concealing a plan to acquire its largest competitor for $100 million.

  • April 23, 2026

    Ex-First Liberty Chief Ran $140M Ponzi Scheme, DOJ Says

    The owner and former president of the now-defunct Georgia-based First Liberty Building & Loan LLC was arraigned Thursday in Georgia federal court for allegedly orchestrating a $140 million Ponzi scheme, according to the U.S. attorney's office in Atlanta.

  • April 23, 2026

    Huawei's Long-Awaited NY RICO Trial Moved To Fall

    A Brooklyn federal judge on Thursday said the racketeering trial of Huawei Technologies Co. Ltd. will be delayed from June until September, after prosecutors filed streamlined charges over the weekend in one of two seven-year-old criminal cases the Chinese telecom company faces in the U.S.

  • April 23, 2026

    FDIC Sees Surging Growth In Bank Lending To Nonbanks

    The Federal Deposit Insurance Corp. said that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.

  • April 23, 2026

    Dechert Leads StepStone On $1.58B Credit Fund

    Dechert LLP-led private investment firm StepStone Group Inc. on Thursday revealed that it wrapped fundraising for its second credit fund well above target after securing $1.58 billion in commitments.

  • April 23, 2026

    Baltimore Attorney Pleads Guilty In Real Estate Sales Scheme

    A Baltimore attorney has pled guilty to a federal bank fraud charge in connection with a real estate scheme that involved fake fees on property purchases inflated to deceive lenders.

  • April 22, 2026

    CFPB Curbs Fair Lending Oversight In Latest Reg Rollback

    The Consumer Financial Protection Bureau has moved to curtail enforcement of a decades-old federal fair lending statute, finalizing a rule that consumer advocates are condemning as an evisceration of antidiscrimination oversight.

  • April 22, 2026

    House GOP Again Pushes Data Privacy Bill To Override States

    House Republicans on Wednesday took their latest crack at establishing a cohesive nationwide data privacy framework, floating legislation that would give consumers more control over their personal information while preempting a growing patchwork of state laws, although early criticisms indicate that the issues that have long stymied these efforts persist.

  • April 22, 2026

    Anthropic Slams Hegseth's Security Risk Label At DC Circ.

    Anthropic Wednesday asked the D.C. Circuit to overturn the U.S. Department of Defense's action branding it a supply chain risk, saying the decision was retaliation for the artificial intelligence company's refusal to provide the Trump administration with technology for mass domestic surveillance or fully autonomous weapons.

  • April 22, 2026

    Pal Of Ex-Beneficient CEO Aided Fraud Cover-Up, Jury Hears

    A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents misstating his time as head of what prosecutors say was a shell company used to pull off a $100 million fraud.

  • April 22, 2026

    Goldman Nears Deal With Investors Over 1MDB Scandal

    Goldman Sachs has reached a settlement-in-principle with investors claiming losses from the 1MDB bond bribery scandal, according to a joint letter filed in New York federal court on Wednesday.

  • April 22, 2026

    Pot Dispensary Owners Sue Partners Over 'Phantom Debt' Plot

    An investor and a cannabis license holder are suing a couple they had hoped would manage a Los Angeles marijuana dispensary for them, claiming in California state court that they instead created $3.4 million in "phantom debt" to steal majority ownership interests in the business and then misappropriate millions.

Expert Analysis

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Key Takeaways From The 2026 ABA Antitrust Spring Meeting

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    Last week's American Bar Association Spring Meeting revealed an antitrust landscape defined by heightened friction and tension — between federal and state enforcers, domestic and international regimes, competing political visions, and traditional enforcement tools and novel challenges, say attorneys at Skadden.

  • Series

    Pa. Banking Brief: All The Notable Legal Updates In Q1

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    The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

  • Madison Capital Action Displays SEC's Emphasis On Process

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    The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's view that when market conditions materially change, valuation methodologies must be reassessed in real time, highlighting the importance of internal processes, say attorneys at Lankler Siffert & Wohl.

  • In First For DOJ, Action Signals New CFIUS Enforcement Era

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    The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • OCC Rule Tests Nonfiduciary Powers Of Trust Banks

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    The Office of the Comptroller of the Currency's updates to its final rule on national bank chartering, effective April 1, may augur a showdown between the OCC, states and traditional banking institutions over both the authority of national trust banks to engage in nonfiduciary activities under the National Bank Act, and the scope of federal preemption, says Audrey Carroll at Stinson.

  • AI And Threats To Privilege In Financial Sector Probes

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    The recent spotlight on the potential for artificial intelligence platforms to serve as a source for discoverable information is especially important for financial institutions to understand, as the industry navigates increasingly complex regulatory expectations and AI tools become embedded in investigative efforts, say attorneys at Jackson Lewis.

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • 8 Tariff Refund Questions For Restructuring Professionals

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    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.

  • When 'Qualified Transferees' Can Chill UCC Foreclosures

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    A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

  • NY Bill Elevates Criminal Risk For 'Shadow' Crypto Firms

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    New York's proposed CRYPTO Act would expose unlicensed digital asset operators to criminal penalties ranging from state misdemeanor charges to felony convictions, potentially marking a significant shift in how New York — already among the most aggressive crypto regulators — oversees virtual currency businesses, say attorneys at Crowell & Moring.

  • Opinion

    AI Doc Ruling Got Privilege Analysis Wrong

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    Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.

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