Banking

  • April 07, 2026

    TD Bank Says It's Not To Blame For $1.1M Sent To Scammer

    TD Bank has asked a Connecticut state court judge to strike a contracting company's claims that the bank should face liability after the company sent $1.1 million to a scammer, pointing out in its filings that the company's own representative handed over TD Bank login credentials to the fraudster.

  • April 07, 2026

    FDIC Stablecoin Plan Limits Yield, Pass-Through Insurance

    The Federal Deposit Insurance Corporation on Tuesday floated stablecoin rules that would limit the extent of deposit insurance for holders of such tokens and ban certain interest-bearing arrangements with restrictions similar to a recent proposal from its sister banking regulator.

  • April 07, 2026

    Private-Credit Focused SPAC Leads Two IPOs Raising $350M

    A pair of special purpose acquisition companies, private credit-focused ACP Holdings Acquisition and advanced technology-focused Apogee Acquisition, began trading publicly Tuesday after raising a combined $350 million in their initial public offerings.

  • April 07, 2026

    Firstrust Savings Bank Can't Nix 401(k) Mismanagement Suit

    A former Firstrust Savings Bank worker adequately supported his claims that employees lost millions because they had to invest a portion of their savings in the bank's underperforming proprietary fund, a Pennsylvania federal judge ruled, denying the bank's motion to dismiss the proposed Employee Retirement Income Security Act class action.

  • April 07, 2026

    Insider Trading Case Unscathed By US Atty Office Shake-Up

    A federal judge rejected a motion to dismiss the insider trading prosecution of a Garden State broker-dealer's ex-partner, ruling that questions about the leadership of the U.S. attorney's office in New Jersey, including findings that prior supervisory appointments were unlawful, do not taint the indictment or require disqualification of the case prosecutors.

  • April 07, 2026

    Blackstone Clinches $10B Opportunistic Credit Fund

    Private equity giant Blackstone, advised by Kirkland & Ellis LLP, on Tuesday revealed it wrapped fundraising on its fifth opportunistic private credit fund after securing over $10 billion in investable capital, marking the firm's largest such fund to date.

  • April 07, 2026

    BakerHostetler Adds Davis Wright Privacy Pro In LA

    BakerHostetler announced Tuesday it has welcomed data privacy litigator Spencer Persson from Davis Wright Tremaine to its digital assets and data management practice group as partner, bringing in years of experience handling high-stakes privacy matters that will beef up the firm's privacy and digital risk class action and litigation team. 

  • April 07, 2026

    Womble Bond Lands 3 Burr & Forman Bankruptcy Attys In Fla.

    Womble Bond Dickinson has added a trio of attorneys to its finance, bankruptcy and restructuring practice in Florida from Burr & Forman LLP.

  • April 06, 2026

    Ill. AG Urges 7th Circ. To Uphold Landmark Swipe-Fee Law

    Illinois Attorney General Kwame Raoul has urged the Seventh Circuit to rule that his state may fully enforce its Interchange Fee Prohibition Act against national banks and other financial institutions, defending its ban on tax-and-tip swipe fees amid a banking industry appeal.

  • April 06, 2026

    JPMorgan's Dimon Has 'Mixed' Feelings On Capital Revamp

    The head of the nation's largest bank on Monday raised doubts about the Trump administration's plan to overhaul bank capital rules, casting it as an improvement on a Biden-era draft while saying it still includes some "frankly nonsensical" aspects.

  • April 06, 2026

    Trump Admin Seeks $25M FinCEN Budget Boost

    The Trump administration's latest budget plan calls for a more than 13% increase in spending for the Financial Crimes Enforcement Network, with nearly half of its total requested staffing increase for the agency slated for positions focused on deregulation related to the Bank Secrecy Act.

  • April 06, 2026

    Citi Tells 2nd Circ. EFTA Exempts Wire Transfers 'End-To-End'

    A Second Circuit panel Monday seemed responsive to Citibank's arguments that consumer-initiated electronic wire transfers are carved out from the Electronic Funds Transfer Act under a longstanding exemption in the statute, in a suit from the New York attorney general over the bank's response to online wire transfer fraud incidents.

  • April 06, 2026

    M&T Beats Investor Suit Over Delayed $3.7B Hudson Merger

    M&T Bank Corp. has beaten investor claims that it hid regulatory problems that led to delays in its $3.7 billion merger with Hudson City Bancorp Inc., with a federal judge in Delaware finding that investors failed to show M&T made material misrepresentations or omissions.

  • April 06, 2026

    BNY, Robinhood To Help Roll Out Trump Accounts

    The Bank of New York Mellon Corp. will be the federal government's financial agent in helping implement the new tax-advantaged brokerage accounts for children called Trump accounts, the U.S. Treasury Department said Monday.

  • April 06, 2026

    Justices Want Feds' Views On Ruby Tuesday Benefits Dispute

    The U.S. Supreme Court asked for the federal government Monday to weigh in on a dispute from ex-managers at restaurant chain Ruby Tuesday alleging Regions Bank lost them $35 million in retirement plan benefits that were liquidated in bankruptcy.

  • April 03, 2026

    Judge Sets Interest Rules In $540M BofA Payment Fight

    A D.C. federal judge said Bank of America NA must pay interest on a $540 million debt it owes the Federal Deposit Insurance Corp. based on a government-set rate for the time before the ruling and a standard federal rate for the time after, marking a step toward settling the parties' dispute on the proper formulas for calculating the payments.

  • April 03, 2026

    Long Island Investment Adviser Cops To $160M Fraud

    A Long Island, New York, man admitted Friday to defrauding clients out of $160 million by hiding conflicts of interest and falsely claiming their investments in various private equity funds were safe and low-risk.

  • April 03, 2026

    3rd Circ. Preview: Arbitration Limits, Power Plant Safety

    The Third Circuit in April is set to examine the limits of an arbitrator's authority to change awards once they've been made, potentially defining the restraints of commercial arbitration rules and when rulings can be revisited.

  • April 03, 2026

    Ameriprise To Pay $1.4M Over Annuity Supervision Claims

    Ameriprise Financial Services LLC has agreed to pay nearly $1 million in restitution and a $450,000 fine to end allegations from the Financial Industry Regulatory Authority that the Minneapolis-based firm failed to properly supervise recommendations of certain variable annuity exchanges.

  • April 03, 2026

    Plaid Beats Fintech Patent Suit With Alice Finding

    A Utah federal judge has dismissed a patent infringement suit against financial services firm Plaid Inc., ruling that the asserted patent covering authentication processes for third-party transactions was directed to an abstract subject matter.

  • April 03, 2026

    Cross River Bank Beats Suit Over Alleged Solar Loan Scheme

    New Jersey-based Cross River Bank has, for now, escaped a proposed class action from an investor in solar technology company Sunlight Financial who accused the bank of overlending to risky borrowers in Sunlight's solar loan program as its financial partner.

  • April 03, 2026

    Judge Stands By Block Of DOJ Subpoenas In Powell Probe

    A Washington, D.C., federal judge on Friday rejected a U.S. Department of Justice attempt to revive subpoenas from its investigation into Federal Reserve Chair Jerome Powell, saying the government hadn't "come close" to giving him a reason to rethink blocking them.

  • April 03, 2026

    Special Master Sought In Ex-Commanders Partner's BofA Suit

    A Florida federal magistrate judge said Friday she will appoint a special master to review documents withheld by a former Washington Commanders minority owner in his dispute with Bank of America, after her own review revealed nonprivileged documents.

  • April 03, 2026

    DOJ's New Corporate Enforcement Policy May Eclipse SDNY's

    The U.S. Department of Justice has put to use for the first time its new corporate enforcement policy of declining prosecutions when companies self-report potential criminal violations, but experts say the new, department-wide initiative has rendered a more business-friendly approach by the Southern District of New York moot.

  • April 03, 2026

    Law360 Announces The Members Of Its 2026 Editorial Boards

    Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.

Expert Analysis

  • 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.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Can OCC State Banking Law Preemption Survive The Courts?

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    While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 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.

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