Banking

  • March 23, 2026

    Flagstar Seeks To Shut Down Ex-CCO's Retaliation Suit

    Flagstar asked a New York federal judge to toss a suit from one of its former compliance chiefs that claims he was wrongfully terminated for blowing the whistle on the bank's former CEO over alleged compliance violations, saying the suit attempts to "cobble together" unrelated incidents into a retaliation claim.

  • March 23, 2026

    Bipartisan Bill Eyes Boosting Cannabis Business Investment

    Members of Congress have reintroduced bipartisan legislation that would create a safe harbor for state-regulated marijuana businesses to access traditional business services without threat of federal enforcement and potentially be listed on securities exchanges.

  • March 23, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured high-stakes disputes involving major consumer brands, a reinstated video game executive, revived noncompete and compensation claims and fresh allegations of corporate misconduct in the healthcare sector.

  • March 23, 2026

    Paul Hastings' Funds Growth Continues With Paul Weiss Atty

    Paul Hastings LLP announced Monday the fifth partner addition this year to its investment funds and private capital team, welcoming a former Paul Weiss Rifkind Wharton & Garrison LLP attorney to its New York office.

  • March 20, 2026

    2nd Circ. Bars Terror Victims' Access To Afghan Bank Funds

    A notably divided Second Circuit has denied terrorist attack victims another chance to argue that they shouldn't be barred from seeking recovery of $3.5 billion in "blocked" Afghanistan central bank assets in New York, leaving a panel's sovereign immunity analysis in place.

  • March 20, 2026

    UBS Gets Final OCC Nod For US Arm To Be National Bank

    The Office of the Comptroller of the Currency has granted final approval for UBS Group AG to convert its U.S. depository subsidiary into a national bank, a move the Swiss banking giant is touting as a boon for its stateside growth ambitions.

  • March 20, 2026

    Fla. Judge Tosses Trump's Capital One Debanking Suit

    A Florida federal judge dismissed a lawsuit Friday accusing Capital One of canceling hundreds of accounts affiliated with President Donald Trump after the Jan. 6, 2021, riot at the U.S. Capitol but gave the Trump entities a chance to amend the suit.

  • March 20, 2026

    7th Circ. Reverses $10K Punitive Award Over Arbitrator's Error

    The Seventh Circuit on Thursday vacated and remanded a $10,000 arbitration award against USAA Savings Bank for closing a customer's credit card account without proper explanation, saying the arbitrator failed to comply with the terms of the arbitration agreement by ignoring a requirement to conduct a post-award review before finalizing damages.

  • March 20, 2026

    BofA Hit With 2nd Class Suit Over Alleged $328M Crypto Scam

    Bank of America and a New Jersey IRA‑LLC facilitator are facing a growing wave of litigation over their alleged roles in enabling the $328 million Goliath Ventures cryptocurrency scam, with two new federal class actions filed this week accusing them of helping steer retirement and investment funds into what prosecutors say was a massive Ponzi scheme.

  • March 20, 2026

    Feds Don't Have To Reveal Probe Of BofA's Epstein Ties

    The federal government does not have to disclose a possible investigation into Bank of America's alleged role in enabling Jeffrey Epstein's sex trafficking scheme, a New York federal judge said Friday, explaining his order earlier this month denying the bank's bid to stay a civil suit that has since been settled.

  • March 20, 2026

    DOD Calls Anthropic's Supply Chain Risk Case Premature

    The Pentagon urged the D.C. Circuit to reject Anthropic's attempt to halt the agency's designation of the artificial intelligence company as a supply chain risk to national security, arguing the designation is limited in scope, and that Anthropic's motion is premature. 

  • March 20, 2026

    CFTC Gives Update On Crypto Collateral Expectations

    The U.S. Commodity Futures Trading Commission gave registrants more information about its expectations around the use of crypto collateral in a Friday notice, which reminded futures commission merchants they must notify the agency's Market Participants Division if they plan to take advantage of a pilot program launched last year.

  • March 20, 2026

    5th Circ. Won't Rehear FDIC Enforcement Challenge

    The Fifth Circuit said Friday that it won't revisit a constitutional challenge to the Federal Deposit Insurance Corp.'s use of in-house enforcement proceedings, turning down a petition that had drawn support from the U.S. Chamber of Commerce and civil liberties groups.

  • March 20, 2026

    Top SEC Enforcer Signals Continuity After Ryan Departure

    The U.S. Securities and Exchange Commission's acting enforcement chief said Friday that the agency will continue to "focus on quality over quantity" when it comes to the cases it brings, projecting continuity with his predecessor's approach after her abrupt departure from the agency earlier this week.

  • March 20, 2026

    OCC Leaves Itself Flexibility On Stablecoin Yield Question

    The Office of the Comptroller of the Currency made clear in its recent stablecoin rule proposal that it plans to bar issuers from paying yields to holders in some instances, but legal experts say the regulator appears to be leaving itself considerable room to decide which arrangements cross a line.

  • March 20, 2026

    White House Pushes Congress To Override State AI Laws

    The White House directed Congress to preempt "burdensome" state laws on artificial intelligence in a legislative framework released Friday.

  • March 20, 2026

    Taxation With Representation: Clifford Chance, Davis Polk

    In this Week's Taxation With Representation, Public Storage acquires National Storage Affiliates Trust, 3M teams up with Bain Capital to buy Madison Fire & Rescue, and Mastercard acquires stablecoin infrastructure firm BVNK.

  • March 20, 2026

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

    The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.

  • March 20, 2026

    AI Is Key To M&A, Retaining Clients, Tulane Speakers Say

    Artificial intelligence has rapidly become central to dealmaking, with company leadership and their lawyers facing growing pressure to understand the technology or risk losing deals and clients, attendees heard at the annual Tulane Corporate Law Institute.

  • March 19, 2026

    Sens. Urge SEC To Tackle China Exploit Of 'Opaque' Entities

    A bipartisan group of Senate Banking Committee members said in a Thursday letter to the U.S. Securities and Exchange Commission that Chinese-owned companies' exploitation of a corporate structure controlled through contractual agreements exposes U.S. investors in such "opaque" entities to serious risks, including a lack of meaningful legal protections.

  • March 19, 2026

    AMG Bank Denies Duty In Synapse Fintech Collapse Case

    AMG National Trust Bank on Thursday urged a Colorado federal judge to grant it a win in a suit attempting to hold it liable for monetary losses related to the collapse of fintech middleman Synapse Brokerage, saying it has no obligations to non-customers and it has cooperated with instructions to return nearly all the $110 million Synapse held in AMG accounts.

  • March 19, 2026

    Ex-Judges Say Anthropic Case Doesn't Merit Court Deference

    Nearly 150 former judges are backing Anthropic's fight against its designation as a "supply chain risk" by the U.S. Department of Defense, telling the D.C. Circuit in an amicus brief that the judiciary shouldn't simply defer to the executive just because it invokes national security.

  • March 19, 2026

    Fed. Circ. Rejects Last Challenge To Squires' Discretion

    The Federal Circuit on Thursday shot down Volkswagen's mandamus petition claiming that the U.S. Patent and Trademark Office director shouldn't have "unfettered discretion" to deny Patent Trial and Appeal Board challenges, closing the last of 14 related appeals.

  • March 19, 2026

    Ex-Bank CEO Cops To $13.6M Fraud, Evading Sanctions

    The former CEO of the Puerto Rico-based Nodus International Bank pled guilty Thursday to running a scheme that stole more than $13.6 million from the now-collapsed bank and evading sanctions on Venezuela.

  • March 19, 2026

    Del. High Court Revives Banker's Pay Claims Against Firm

    The Delaware Supreme Court has revived key claims brought by a former investment firm banker, ruling that a lower court went too far in blocking his case based on earlier findings that he was not a partner at the firm.

Expert Analysis

  • Series

    Knitting Makes Me A Better Lawyer

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    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Identifying And Resolving Conflicts Among Class Members

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    As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman, a clerk at the U.S. District Court for the Southern District of New York.

  • Recent Proposals May Spell Supervision Overhaul For Banks

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    A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Where Things Stand At The CFPB As Funding Dries Up

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    The Consumer Financial Protection Bureau is on pace to run out of funding in the new year, threatening current and future rulemaking efforts, but a rapid series of recent actions still carries significant implications for regulated entities and warrants careful monitoring in the remaining weeks of the year, say attorneys at Brownstein Hyatt.

  • 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.

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