Banking

  • February 13, 2026

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

    This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.

  • February 12, 2026

    JPMorgan Unit Must Face Trimmed Cash Sweep Claims

    A JPMorgan Chase subsidiary must face some, but not all, of the claims in a consumer proposed class action accusing the bank and a brokerage firm of underpaying the interest on their cash sweep accounts, a New York federal judge ruled Thursday.

  • February 12, 2026

    Goldman Sachs' CLO Resigns After Epstein Email Revelations

    Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.

  • February 12, 2026

    5 Key Flashpoints From Fed's 'Skinny' Account Proposal

    The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.

  • February 12, 2026

    Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO

    SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.

  • February 12, 2026

    Fla. Bank Punished Whistleblowers, Fired Execs Say

    Three former top executives of First National Bank of Pasco have sued their ex-employer in Florida federal court, alleging it wrongfully fired them for blowing the whistle on what they called banking law violations, risky fintech exposure and improper board conduct, among other things.

  • February 12, 2026

    Ashurst Welcomes Back Hong Kong Partner From Debevoise

    Ashurst LLP said it has hired a Debevoise & Plimpton LLP lawyer and appointed him to serve as a partner in the global law firm's Hong Kong dispute resolution practice, noting that he will focus on commercial litigation, international arbitration and white collar and regulatory defense matters.

  • February 12, 2026

    Gravity Payments Sued In Seattle Over 2025 Data Breach

    Gravity Payments was hit with a proposed class action in Washington federal court Thursday by a Tennessee resident who claims the credit card processor failed to safeguard his information from a 2025 cyberattack that exposed the personal details of more than 2,000 people.

  • February 12, 2026

    Top SEC Enforcer Sees Fewer Cases Over Common Violations

    The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.

  • February 12, 2026

    Bipartisan Bill Targets Scam Ads On Social Media Platforms

    Federal lawmakers are pushing to require social media companies to crack down on fraudulent advertising on their platforms under new bipartisan legislation that is drawing praise from banking and consumer groups.

  • February 12, 2026

    Solar Co. PosiGen Control Suit Dismissed In Conn.

    A lawsuit accusing Brookfield affiliates of seizing control of solar company PosiGen and driving it deeper into insolvency has been dismissed with prejudice in Connecticut federal court, ending a closely watched dispute that preceded the company's Chapter 11 filing in Texas.

  • February 12, 2026

    McCarter & English Can't Tank $22M Suit, Insurer Says

    Two insurance companies have urged a Connecticut Superior Court judge to maintain a $22.3 million professional negligence lawsuit against McCarter & English LLP, saying document production delays don't warrant killing the case less than a month before trial.

  • February 11, 2026

    Epstein Survivor Can Pursue Claims BofA 'Turned A Blind Eye'

    A survivor of Jeffrey Epstein's sex-trafficking enterprise has adequately alleged Bank of America "turned a blind eye" to a trove of public information that the disgraced financier was a serial sexual abuser while monetarily benefiting from the scheme, a Manhattan federal judge said Wednesday.

  • February 11, 2026

    PNC Customer's Improper Withdrawal Claims Can Proceed

    A Maryland federal judge has ruled that a PNC Bank customer has standing to challenge the bank's withdrawal of money from his checking account to cover a home-equity credit line, but dismissed his individual damages claim and asked for more briefing on his bid for class certification.

  • February 11, 2026

    DC Circ. Questions Denial Of CFTC Whistleblower Award

    The D.C. Circuit seemed skeptical Wednesday morning about the argument that the Commodity Futures Trading Commission wrongly denied a man a $147 million whistleblower incentive award after he tipped off the agency about foreign exchange market manipulation.

  • February 11, 2026

    SC High Court Probes Clerk's Misconduct In Murdaugh Appeal

    The South Carolina Supreme Court on Wednesday closely inspected Alex Murdaugh's appeal claiming the jury in his high-profile double-murder trial was biased because of comments made by a clerk of court, voicing questions and statements favorable to the disgraced lawyer's arguments.

  • February 11, 2026

    NBA Pro Says He Would've Balked At Deal Over Adviser's Role

    A former New York Knicks shooting guard on Wednesday testified that he didn't know his former Morgan Stanley adviser had a stake in the player's $2.1 million life insurance investment and would have passed on the deal had he known, echoing testimony from two other NBA veterans.

  • February 11, 2026

    Paxful Sentenced To $4M Fine Over Compliance Failures

    A California federal judge sentenced now-shuttered crypto exchange Paxful Holdings Inc. to a $4 million penalty in line with a December 2025 plea agreement that saw the firm cop to anti-money laundering failures that enabled illicit transfers of criminal proceeds.

  • February 11, 2026

    JPMorgan Says Calif. City's Interest-Rate Swap Suit Is Barred

    JPMorgan Chase & Co. has sued in Manhattan federal court to block Richmond, California, from pursuing a new lawsuit of its own over past interest-rate swap transactions, alleging the city's case breaches a 2015 settlement by seeking millions of dollars for already-released claims.

  • February 11, 2026

    Crypto Scam Victims Can't Sue Signature Bank, 2nd Circ. Says

    The Second Circuit has upheld the dismissal of a suit by a cryptocurrency trading club against the Federal Deposit Insurance Corp., as receiver of the failed Signature Bank, alleging negligence by the bank led to the club being defrauded and losing much of the $33 million invested in it.

  • February 11, 2026

    Apple Keeps PTAB Win Over Fintiv Patent Claims At Fed. Circ.

    The Federal Circuit on Wednesday upheld Apple's Patent Trial and Appeal Board win in its challenge to claims in a patent issued to the defunct Austin, Texas-based mobile payment startup that would become Fintiv.

  • February 11, 2026

    Banking Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP's financial services practice steered Discover through its nearly $51 billion merger with Capital One and shepherded SVB Financial Group through its Chapter 11 proceedings after Silicon Valley Bank failed, earning a spot among the 2025 Law360 Banking Groups of the Year.

  • February 10, 2026

    Ill. Tax, Tip Swipe Fee Ban Survives Banks' Challenge

    An Illinois federal judge Tuesday cleared most of a landmark Illinois law banning swipe fees on tax and tip payments to take effect this summer, dealing a major blow to banking industry groups that sought to block the law altogether.

  • February 10, 2026

    5th Circ. Says Bank Worker's ERISA Claims Can Be Arbitrated

    The Fifth Circuit on Tuesday held that a former employee at a Texas-based bank must arbitrate his proposed class claims accusing the bank of failing to invest retirement funds, reversing a lower court's finding that the arbitration clause didn't apply to him because it was added after his employment ended.

  • February 10, 2026

    7th Circ. Mulls Outcome Health Execs' $1B Fraud Convictions

    Seventh Circuit judges hearing former Outcome Health executives' challenge to a $1 billion fraud conviction seemed critical of the U.S. government's handling of the case on Tuesday as they questioned why its admitted asset over-restraint and introduction of certain grand jury statements should not require reversal.

Expert Analysis

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Reflections From High Court Oral Args Over Fed Gov. Removal

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    In the oral arguments last month for Trump v. Cook, which asks the U.S. Supreme Court to clarify the circumstances under which the president can remove a Federal Reserve Board governor, the justices appeared skeptical about ruling on the substantive issues in view of the limited record and analysis, say attorneys at Ballard Spahr.

  • How Securities Class Action Deals Fare After Prelim Approval

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    An analysis of Institutional Shareholder Services data from the last 10 years shows that preliminarily approved class action settlements are unlikely to be denied in the final-approval stage, while procedural delays are more common than withdrawal or termination, says Rahul Chhabra at Charles River Associates.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Next Steps For Fair Housing Enforcement As HUD Backs Out

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    A soon-to-be-finalized U.S. Department of Housing and Urban Development rule, which would hand responsibility for determining disparate impact liability under the Fair Housing Act to the courts, reinforces the Trump administration’s wider rollback of fair lending enforcement, yet there are reasons to expect litigation challenging this change, say attorneys at Spencer Fane.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • Venezuela Legal Shifts May Create Investment Opportunities

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    Since the removal of President Nicolás Maduro, Venezuela has shown signs of economic liberalization, particularly in the oil and mining sectors, presenting unique — but still high-risk — investment opportunities for U.S. companies, say attorneys at Haynes Boone.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Bipartisan Enforcement Is Rising In Consumer Finance

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    Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

  • Ramped Up Psychedelic Production Carries Opportunity, Risk

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    Kimberly Chew at Husch Blackwell discusses the key legal implications of the U.S. Drug Enforcement Administration's recent dramatic increases in the production quotas for a range of psychedelic substances, offering guidance on compliance, risk management and strategic opportunities for practitioners navigating this rapidly evolving landscape.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

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