/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Wed, 25 Jun 2025 13:54:21 +0000 /banking/articles/2357556?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357556 Federal legislation that could codify stablecoins as payment-related assets — not securities — has the potential to impact the Manhattan U.S. attorney's $40 billion criminal case against Terraform founder Do Kwon, a federal judge said Wednesday. Wed, 25 Jun 2025 13:25:23 +0000 /banking/articles/2348925?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2348925 Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein. Wed, 25 Jun 2025 13:17:25 +0000 /banking/articles/2356726?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356726 Blockchain technology company Digital Asset has secured $135 million of strategic funding, which will be used to accelerate the institutional and decentralized adoption of its Canton Network. Wed, 25 Jun 2025 12:56:36 +0000 /banking/articles/2357357?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357357 Xero Ltd. has agreed to acquire New York-based payments platform Melio for $2.5 billion, plus up to $500 million in contingent payments, as the New Zealand-based company looks to deepen its North American presence. Tue, 24 Jun 2025 22:40:11 +0000 /banking/articles/2357004?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357004 Federal Reserve Chair Jerome Powell told House lawmakers Tuesday that a forthcoming plan to revamp big-bank leverage limits won't exempt U.S. Treasuries from their calculation, a potential disappointment for financial-sector lobbies that hope to resurrect the pandemic-era carveout.  Tue, 24 Jun 2025 22:11:00 +0000 /banking/articles/2356927?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356927 Lakeland Bank and the U.S. Department of Justice urged a New Jersey federal judge to reject a brief from three fair housing groups opposing the early termination of the bank's $13 million redlining settlement, arguing the groups' call for housing discrimination accountability is irrelevant to the settlement's termination. Tue, 24 Jun 2025 21:10:41 +0000 /banking/articles/2357053?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357053 A coalition of 21 states and the District of Columbia filed suit Tuesday in Massachusetts federal court, accusing the Trump administration of unlawfully using a single clause "buried in federal regulations" to nix billions of dollars in federal grant funding to the states. Tue, 24 Jun 2025 20:16:05 +0000 /banking/articles/2357066?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357066 A jury should decide if a former jail inmate was forced to accept a prepaid debit card and pay related fees when his money was returned to him upon release, a Washington federal magistrate judge said on Tuesday, advancing a class action against Central Bank of Kansas City. Tue, 24 Jun 2025 20:07:37 +0000 /banking/articles/2357058?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2357058 Senate Republicans on Tuesday morning released a set of principles to guide the development of digital asset market structure legislation, their latest push toward regulating the cryptocurrency space following their passage of stablecoin legislation last week. Tue, 24 Jun 2025 18:33:09 +0000 /banking/articles/2356966?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356966 A New York federal court has refused to throw out the U.S. Department of Justice's case accusing Visa of illegally maintaining a monopoly over debit card networks, rejecting arguments about the market at issue, discounts offered and the scope of deals with would-be competitors. Tue, 24 Jun 2025 18:01:39 +0000 /banking/articles/2356876?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356876 CoastalSouth Bancshares Inc., the bank holding company for South Carolina state-chartered commercial bank Coastal States Bank, on Tuesday announced the launch of its initial public offering with plans to raise $58.5 million. Tue, 24 Jun 2025 17:25:39 +0000 /banking/articles/2352350?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2352350 A May New York Court of Appeals decision in Ezrasons v. Rudd involving Barclays — affirming the state's "firmly entrenched" internal affairs doctrine — is a win for all corporate stakeholders seeking stability in resolving disputes between shareholders and directors and officers, say attorneys at Sadis & Goldberg. Tue, 24 Jun 2025 15:43:18 +0000 /banking/articles/2356956?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356956 An attorney with expertise on financial transactions in the energy and infrastructure industries has moved his practice to Simpson Thacher & Bartlett LLP's Houston office after nearly 12 years with Latham & Watkins LLP. Tue, 24 Jun 2025 14:46:39 +0000 /banking/articles/2356333?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356333 Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake. Tue, 24 Jun 2025 13:25:33 +0000 /banking/articles/2356763?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356763 Amundsen Davis LLC is advising First Financial Bancorp on a new agreement to purchase Westfield Bancorp for $325 million, while SquirePatton Boggs (US) LLP is representing the seller, Westfield parent Ohio Farmers Insurance Co. Mon, 23 Jun 2025 23:50:10 +0000 /banking/articles/2356365?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356365 The Senate parliamentarian has given a thumbs-down to a Republican budget proposal that would allow President Donald Trump to unilaterally eliminate agencies through mergers and consolidation, adding to what experts say are a host of problems with the little-noticed provision. Mon, 23 Jun 2025 22:23:30 +0000 /banking/articles/2356506?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356506 Investment research service Muddy Waters LLC and its founder cannot escape a lawsuit alleging they stiffed a purported former partner out of his share of a $14 million whistleblower award from the U.S. Securities and Exchange Commission, a New York federal judge ruled Monday. Mon, 23 Jun 2025 22:19:03 +0000 /banking/articles/2356538?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356538 A New York federal judge on Monday threw out a proposed class action accusing Visa of knowingly peddling gift cards that are susceptible to scams, ruling that "no reasonable consumer would fail to recognize the possibility that a gift card they bought may be subject to a third-party scam." Mon, 23 Jun 2025 20:17:50 +0000 /banking/articles/2356504?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356504 The Federal Reserve Board on Monday became the latest regulator to announce that it will no longer consider reputational risk in its examination programs for the supervision of banks. Mon, 23 Jun 2025 18:00:15 +0000 /banking/articles/2356261?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2356261 Crypto platform Binance has agreed to shut down the Connecticut operations of its U.S. subsidiary BAM Trading Services Inc. after a majority owner of the company was convicted of money laundering and also admitted to violating state statutes, according to a new consent order.