Banking

  • January 30, 2026

    1st Circ. Upholds Atty's 7-Year Sentence In Email Fraud Case

    A panel of the First Circuit has affirmed a more than seven-year prison term and $2 million restitution order for an Illinois lawyer convicted of collecting proceeds from a romance and real estate email fraud scheme.

  • January 30, 2026

    Taxation With Representation: Clifford Chance, Ropes & Gray

    In this week's Taxation With Representation, real estate investment trust Apollo Commercial Real Estate Finance Inc. announces plans to sell a loan portfolio to retirement services company Athene Holding Ltd., engineering and technology company Leidos acquires Entrust Solutions Group, and Prosperity Bancshares Inc. and Stellar Bancorp Inc. announce a merger.

  • January 30, 2026

    NJ Panel OKs Bank's COD Denial For Family Dollar Build

    A New Jersey appeals panel on Friday found that a bank was within its rights to refuse to fund cash-on-delivery payment for a prefabricated steel structure a developer planned to use on a project to build a Family Dollar store.

  • January 30, 2026

    Warsh Clinches Trump's Nomination For Fed Chair

    President Donald Trump is nominating former Federal Reserve Gov. Kevin Warsh to lead the central bank as its next chairman, elevating a critic of the Fed's leadership as the White House pushes against its traditional independence.

  • January 29, 2026

    Trump Sues IRS, Treasury For $10B Over Tax Doc Leak

    President Donald Trump is seeking at least $10 billion in damages in a new lawsuit filed Thursday in Miami federal court that accuses the Internal Revenue Service and U.S. Department of the Treasury of failing to prevent a former IRS contractor from leaking Trump's tax returns to news outlets.

  • January 29, 2026

    Fed's Master Account Stance Goes Too Far, 2nd Circ. Told

    The Federal Reserve's claim of broad discretion to cut financial institutions off from master accounts could turn these U.S. payment system gateways into potential tools of partisan warfare, an attorney for a Puerto Rico bank told a Second Circuit panel Thursday.

  • January 29, 2026

    Ex-Morgan Stanley Adviser Conned NBA Players, Jury Hears

    A Manhattan federal prosecutor Thursday told jurors that a former Morgan Stanley adviser defrauded three NBA players out of millions of dollars through investments in wildly marked up life insurance policies, while defense counsel said the case was built on lies by a former client.

  • January 29, 2026

    Crypto Investor Says Cos. Can't Intervene In $40M Award Fight

    A cryptocurrency investor urged a Delaware federal court to stop two companies from joining an effort to vacate his $40 million arbitral award over an alleged bitcoin scheme, saying the companies' interests are already protected by involved parties.

  • January 29, 2026

    Ex-Synapse Compliance Chief Settles FINRA Supervisory Case

    The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.

  • January 29, 2026

    OppFi Says It's Not Pulling Calif. 'Dummy Lender' Scheme

    An attorney for Opportunity Financial LLC urged a Los Angeles state judge Thursday to toss a California regulator's claims that it uses a Utah bank partner to dodge state regulations, saying it's not part of a "dummy lender" scheme and the court has all the information it needs to end the case.

  • January 29, 2026

    BNY Ducks Epstein Enabling Suit; BofA Must Face 2 Claims

    A New York federal judge closed the book Thursday on a proposed class action alleging the Bank of New York Mellon Corp. enabled financier Jeffrey Epstein's sex-trafficking enterprise, but kept alive some allegations that Bank of America benefited from the scheme.

  • January 29, 2026

    6th Circ. Backs Gov't In $125K Crypto Forfeiture Case

    The Sixth Circuit has sided with the U.S. government in a suit over its rights to more than $100,000 in allegedly laundered cryptocurrency, ruling the previous receivers of the funds missed the deadline to bring a claim after the government seized the assets.

  • January 29, 2026

    Wash. Panel Sides With Card Processor In Biz Tax Dispute

    A Washington appeals panel ruled Thursday that the state Department of Revenue owed a card payment processor a refund, as the agency wrongly included fees charged by issuing banks in the processor's gross income calculation.

  • January 29, 2026

    GOP-Led Crypto Bill Clears Senate Panel In Party-Line Vote

    The Senate Agriculture Committee advanced a Republican-led proposal to regulate crypto markets on Thursday with a vote that fell starkly along party lines after Democrats made clear they would not support the bill without provisions to prevent public officials from profiting from crypto ventures.

  • January 29, 2026

    Troubled Apt. Co-Op Can Borrow $6M From Connecticut

    The receiver overseeing the finances of the 924-unit Success Village Apartments can close on a $6 million loan from the Connecticut Department of Housing to clear tax and utility liens from the troubled co-op, a state court judge has ruled.

  • January 29, 2026

    Feds Eye Default Forfeiture In $1.2M Crypto Scam Claims

    Federal authorities have asked a Connecticut federal judge to issue a default judgment and forfeiture decree against Tether cryptocurrency wallets tied to an alleged $1.2 million artificial intelligence trading fraud scheme.

  • January 29, 2026

    3 Companies Begin Trading After Raising $1.3B In IPOs

    Satellite maker York Space Systems began trading publicly Thursday after raising $629 million in its upsized initial public offering, joining Brazilian digital banking platform PicPay and insurance platform Ethos Technologies, both of which also made their public debuts Thursday.

  • January 29, 2026

    Former First Brands Execs Indicted On Fraud Charges

    Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.

  • January 29, 2026

    4th Circ. Wary Of Kicking Up 'Sandstorm' On Deferred Comp.

    The Fourth Circuit appeared reluctant Thursday to revive a proposed class action brought against Bank of America and Merrill by an ex-financial adviser who said he was shorted deferred compensation, as judges questioned whether federal benefits law applied to payments that looked like bonuses.

  • January 28, 2026

    Powell Says Cook Case May Be 'Most Important' In Fed History

    Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's U.S. Supreme Court bid to oust Fed Gov. Lisa Cook represents "perhaps the most important" case in the history of the central bank, defending his move to attend the high court's recent hearing on the matter.

  • January 28, 2026

    Northern Trust VP Stole Millions From Elderly Client, Suits Say

    An elderly banking heiress and her nephew have sued the Northern Trust Co., alleging the wealth management firm failed to safeguard their assets from a now-former vice president who helped himself to millions of dollars of their funds.

  • January 28, 2026

    Fiserv Uses Its Data Security Flaws For Upsells, Suit Says

    Payment systems company Fiserv Inc. is facing another suit over its alleged data security flaws, with a credit union claiming the company has allowed its online banking platform to be "repeatedly hacked, again and again," and then uses these failures to upsell additional security measures to users. 

  • January 28, 2026

    CFTC Taps Treasury Atty To Be General Counsel

    The Commodity Futures Trading Commission announced Wednesday it has hired a Treasury Department lawyer with BigLaw experience to serve as the derivatives regulator's new general counsel.

  • January 28, 2026

    SEC Urged To Adopt Insider Trading Rules For Foreign Firms

    A former member of the U.S. Securities and Exchange Commission is among a trio of academics pressing the agency to write rules cracking down on insider trading at foreign companies that trade on U.S. exchanges, urging action before a congressionally mandated deadline runs out in March.

  • January 28, 2026

    Alito Rejects Bid To Pause 3rd Circ.'s Computer Fraud Ruling

    U.S. Supreme Court Justice Samuel Alito on Wednesday denied a debt collection agency's request to stay a Third Circuit decision that found the Computer Fraud and Abuse Act does not support claims against employees who share work passwords.

Expert Analysis

  • Aviation Watch: Busy Skies, Tough Market For Airlines In 2026

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    After a turbulent year in the U.S. commercial aviation sector, demand for air travel and premium service shows no signs of slackening in 2026, with airlines facing the need to compete in a saturated market, while seeking opportunities for consolidation and pursuing other avenues to profitability, says Alan Hoffman, a retired attorney and aviation expert.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • 3 Key Ohio Financial Services Developments From 2025

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    Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Justices' BDO Denial May Allow For Increased Auditor Liability

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    The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    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.

  • Crypto-Asset Strategy For Corporate Legal Leaders In 2026

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    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.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    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.

  • Presidential Pardon Brokering Can Create Risks For Attys

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    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.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    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.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    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.

  • 5 Compliance Takeaways From FINRA's Oversight Report

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    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.

  • How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes

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    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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