Region: United States of America

SullCrom and Simpson Thacher advising as MUFG sells US entity

Minneapolis-based US Bancorp has agreed to buy MUFG Union Bank, months after US president Joe Biden issued a sweeping executive order encouraging federal banking regulators to review current merger practices.

22 September 2021

EBA gets international pushback on third country equivalence

Banking associations from Japan, the United States and Switzerland have criticised post-Brexit proposals by the European Banking Authority to centralise equivalence assessments for non-EU banks’ local branches within the bloc.

22 September 2021

Latham, Davis Polk and Wachtell Lipton advising as First Interstate Bank acquires Great Western

US banks First Interstate and Great Western are set to combine in an all-stock transaction to create a Midwest behemoth, as an investor rights firm attempts to gather shareholder support against the deal.

20 September 2021

Jones Day hires from JPMorgan Chase, Reed Smith hires from Jones Day

Jones Day has hired an in-house fintech specialist at JPMorgan Chase for its New York financial markets practice, as Washington, DC partner Lisa Ledbetter departs for Reed Smith.

17 September 2021

Bank of America names in-houser as GC

Lauren Mogensen, Bank of America’s global compliance and operational risk executive, is set to succeed David Leitch as the bank’s general counsel later this year.

13 September 2021

OCC to reverse Trump-era CRA ruling

The US Office of the Comptroller of the Currency has proposed abolishing last year’s contentious reforms to implementation of the Community Reinvestment Act, bringing a pending lawsuit against the rulemaking to a pause.

09 September 2021

Skadden hires from OCC

A senior hand at the Office of the Comptroller of the Currency has joined Skadden Arps Slate Meagher & Flom.

08 September 2021

Former Obama aide tapped for NYDFS

New York’s new governor has named Adrienne Harris as the new superintendent of the state’s Department of Financial Services.

02 September 2021

Danske Estonia class action dismissed in New York appeals court

A New York appeals court has dismissed a proposed investors’ class action against Danske Bank over alleged misstatements related to a US$230 billion money laundering scandal at its Estonian branch.

26 August 2021

Supreme Court petition against SEC “power grab” gets FinCEN alumni backing

A former director and deputy director of the US Treasury’s financial crime unit have backed a Utah brokerage’s attempt to block the Securities and Exchange Commission from directly enforcing Bank Secrecy Act violations.

24 August 2021

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