Banking

  • December 16, 2025

    Crypto Host Must Pay $1.2M For Breaching Mining Deal

    A federal judge in Washington state ruled Tuesday that a cryptocurrency computer host breached a contract it signed with a bitcoin mining company and unlawfully retained its equipment, awarding the mining firm $1.2 million in damages.

  • December 16, 2025

    FDIC Floats Application Process For Stablecoin Issuance

    The Federal Deposit Insurance Corp. on Tuesday took its first major step towards implementing the federal stablecoin law known as the Genius Act when it moved forward with plans for an application process by which insured depository institutions can seek to issue stable-value tokens.

  • December 16, 2025

    Custodia Seeks Full 10th Circ. Review Of Master Account Suit

    Custodia Bank says the full Tenth Circuit should review a split panel's decision granting Federal Reserve banks the discretion to reject master account access requests from eligible entities, arguing that the "incorrect" ruling wrongly gave Federal Reserve Bank presidents plenary power to determine "whether a bank shall live or die."

  • December 16, 2025

    Dems Press DOJ On Concerns It's Favoring AG's Atty Brother

    A group of Democratic lawmakers on Tuesday asked the U.S. Department of Justice to explain why it keeps intervening in or dismissing cases that involve clients represented by U.S. Attorney General Pam Bondi's brother, saying the decisions "raise serious questions about whether impartiality has been compromised."

  • December 16, 2025

    Corporate Transparency Act Is Constitutional, 11th Circ. Says

    The Corporate Transparency Act is constitutional because it regulates economic activities with a substantial impact on interstate commerce and doesn't violate protections against unreasonable searches, the Eleventh Circuit said Tuesday, reversing a lower court's decision.

  • December 16, 2025

    JP Morgan PE Group's Latest Fund Exceeds Target At $1.44B

    J.P. Morgan Asset Management's private equity group closed its 12th flagship fund, PEG Global Private Equity XII, above its $1.25 billion target at $1.44 billion, the firm announced Tuesday. 

  • December 15, 2025

    Senate Banking Committee Pushes Crypto Markup To 2026

    The Senate Banking Committee anticipates marking up a crypto market structure proposal in the new year as bipartisan negotiations on the bill continue, a spokesperson for committee chairman Tim Scott, R.-S.C, said Monday.

  • December 15, 2025

    Walmart Adds To Visa, Mastercard Swipe-Fee Deal Objections

    Walmart has become the latest retailer to object to a proposed new settlement between Visa, Mastercard and a class of potentially millions of merchants to resolve two decades of antitrust litigation, claiming the class plaintiffs and counsel have "sold out their fellow class members."

  • December 15, 2025

    Property Investor Says Florida Real Estate Broker Stole $121M

    A Florida rental properly investor accused a real estate broker in state court of misappropriating more than $121 million intended as investment distributions, saying she used her position as manager of several companies to divert the funds to her own accounts. 

  • December 15, 2025

    Bank Of South Sudan Fights Enforcement Of $1B Award

    The Bank of South Sudan urged a D.C. federal court not to side with Qatar National Bank in a dispute over enforcement of a $1 billion arbitral award that found South Sudan defaulted on a $700 million loan agreement from its civil war era, arguing that the arbitral tribunal lacked jurisdiction.

  • December 15, 2025

    Danske Bank Exits DOJ Probation Under $2B AML Deal

    Danske Bank announced Monday that it has finished a three-year corporate probation imposed by the U.S. Department of Justice as part of a $2 billion settlement over allegations the Danish lender misled U.S. banks about its anti-money laundering controls for high-risk customers in Estonia.

  • December 15, 2025

    Wells Fargo Bucks CFO's Deposition In Disability Bias Suit

    Wells Fargo wants to block the deposition of its chief financial officer in a senior finance manager's disability bias lawsuit, saying he has no personal knowledge of the claims underpinning her allegations and suggesting that her attorney's "behavior" needs "curtailing."

  • December 15, 2025

    Sen. Tim Scott's Ex-Chief Of Staff Joins Holland & Hart

    Holland & Hart LLP has tapped the former chief of staff for Sen. Tim Scott, R-S.C., to serve as a senior director of federal affairs in the firm's Washington, D.C., office, according to a Monday announcement.

  • December 12, 2025

    Squires Institutes 7 AIA Reviews, Denies 12 Other Petitions

    U.S. Patent and Trademark Office Director John Squires has instituted seven America Invents Act reviews in the second round of cases where he has found that patent challenges warrant consideration since taking over the institution process.

  • December 12, 2025

    Merchant Orgs. Fight Latest Visa, Mastercard Swipe-Fee Deal

    The National Association of College Stores, Energy Markets of America and other industry groups objected Friday to a proposed new settlement between Visa, Mastercard and a class of potentially millions of merchants to resolve two decades of antitrust litigation, claiming the deal "does not come close to fixing the swipe fee challenges" faced by merchants.

  • December 12, 2025

    PrimaLend's Parent Co. Files Ch. 11 With Equity Holder OK

    PCAP Holdings LP, the parent company of bankrupt auto dealership lender PrimaLend Capital Partners, itself filed for Chapter 11 protection on Friday after PrimaLend's noteholders complained that the parent was not also included in the initial bankruptcy case.

  • December 12, 2025

    OCC Conditionally Grants 5 Crypto-Focused Trust Charters

    The Office of the Comptroller of the Currency on Friday gave five crypto-focused firms a preliminary nod to operate as national trust banks, clearing the way for crypto to integrate further into the banking system despite pushback from banking lobbyists.

  • December 12, 2025

    Ex-Fiserv CEO Accused Of Insider Trading In New Suit

    The top brass of payments company Fiserv Inc., including ex-CEO and Social Security Administration head Frank Bisignano, face shareholder derivative claims that they misled investors about a flagship product's declining sales and used the resulting inflated share prices to justify $7.9 billion in stock buybacks as Bisignano and another officer made proceeds of over $600 million selling off their Fiserv shares.

  • December 12, 2025

    Oppenheimer Fined $1.2M In SEC Muni Bond Disclosure Case

    Oppenheimer & Co. Inc. has agreed to pay the U.S. Securities and Exchange Commission $1.2 million for allegedly skirting municipal bond disclosure requirements, the regulator announced Friday.

  • December 12, 2025

    Ex-Rabobank Exec Will Press For Fees From OCC At 9th Circ.

    A former Rabobank compliance official will make another attempt to force the Office of the Comptroller of the Currency to pick up the tab for her legal fees for the office's now-abandoned enforcement proceeding, which she says cost her millions of dollars to defend.

  • December 12, 2025

    First Brands Seeks Access To $250M As DIP Loans Drop

    Struggling auto parts maker First Brands said on Friday it needs quick access to $250 million in cash that's being held by customers or stuck in segregated accounts, telling a Texas bankruptcy judge a decline in the trading prices of its Chapter 11 loans has sparked "unfounded concerns" about its health.

  • December 12, 2025

    4 Big ERISA Litigation Developments From 2025's 2nd Half

    The Eleventh Circuit signaled it may be willing to change its precedent to make it easier for federal benefits lawsuits to get to the courthouse door, while the Second Circuit shut down a challenge to a union pension plan's private equity investment emphasis. Here's a look back at these and two other significant Employee Retirement Income Security Act litigation developments from the latter half of 2025 that benefits attorneys should have on their radar.

  • December 12, 2025

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

    This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.

  • December 11, 2025

    FSOC To Tack Toward Deregulation For Growth, Bessent Says

    U.S. Treasury Secretary Scott Bessent said Thursday that the Financial Stability Oversight Council will pivot toward a focus on promoting economic growth through deregulation, charting a new course for the panel that mirrors shifts underway at its member agencies.

  • December 11, 2025

    Visa Defeats Payments Co.'s 'Muddled' Antitrust Suit

    A California federal judge Thursday dismissed a payment solutions company's lawsuit accusing Visa Inc. of monopolizing the card payment processing services market, criticizing the company's latest complaint as being "harder to follow" than one previously tossed and still failing to allege any antitrust injury.

Expert Analysis

  • Terrorist Label For Maduro Poses New Risks For US Firms

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    The State Department's recent designation of President Nicolás Maduro, and other Venezuelan government and military officials, as members of a foreign terrorist organization drastically increases the level of caution companies must exercise when doing business in the region to mitigate potential civil, criminal and regulatory risk, say attorneys at Freshfields.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • How Fed. Circ. Shaped Subject Matter Eligibility In 2025

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    The Federal Circuit's most impactful patent eligibility decisions this year, touching on questions about obviousness and abstractness, provide a toolbox of takeaways that can be utilized during patent preparation and prosecution to guard against potential challenges, says Reilley Keane at Banner Witcoff.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling

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    Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.

  • 10th Circ. Decision May Complicate Lending In Colorado

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    The Tenth Circuit's decision last month in National Association of Industrial Bankers v. Weiser clears the way for interest rate limits on all consumer lending in Colorado, including loans from out-of-state banks, potentially adding new complexities to lending to Colorado residents, say attorneys at Manatt.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Why Digital Asset Treasuries Are Drawing Regulator Concerns

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    Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.

  • Minn. Financial Abuse Law Should Prompt Operational Review

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    A new Minnesota law targeting the financial exploitation of vulnerable adults with an order-for-protection mechanism will affect multiple functions across banking organizations, and in the time remaining in 2025, banks should take action to update any needed workflow and documentation protocols, say attorneys at Winthrop & Weinstine.

  • SEC Penalties Trended Down In FY 2025, Offering 2026 Clues

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    The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • A Close Look At The Evolving Interval Fund Space

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    Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

  • A Primer On NYDFS' 3rd-Party Cybersecurity Guidance

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    The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.

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