极速赛车

The Federal Reserve said Friday that the nation's big banks are stocked with enough capital to weather a severe recession, giving them passing marks on what are poised to be the last round of stress tests before regulators begin overhauling the testing process.
极速赛车
Banking
MONDAY, JUNE 30, 2025

TOP NEWS

Banks Get Clean Bill Of Health As Stress Test Changes Loom

By Jon Hill

The Federal Reserve said Friday that the nation's big banks are stocked with enough capital to weather a severe recession, giving them passing marks on what are poised to be the last round of stress tests before regulators begin overhauling the testing process.

1 document attached | Read full article » | Save to favorites »

FDIC, OCC Join Fed In Pitching Plan To Ease Leverage Rule

By Jon Hill

A Federal Reserve-backed proposal to relax a key leverage rule for the nation's biggest banks moved forward to the public comment stage Friday after securing approvals from the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency.

Read full article » | Save to favorites »

Wells Fargo Beats Some Claims In Cash Sweep Litigation

By Sydney Price

A federal judge on Friday nixed some claims in a proposed class action accusing Wells Fargo of harming customers through its cash sweep deposit program by giving them only minimal interest on their holdings, including a claim that the bank breached its fiduciary duties to its indirect clients.

Order attached | Read full article » | Save to favorites »

BNP Alleges 'Coaching' In Refugee Case Sanctions Bid

By Emily Sawicki

BNP Paribas has asked a Manhattan federal judge to open a sanctions investigation into plaintiffs' attorneys leading a long-running suit alleging the bank had a hand in funding human rights violations perpetrated by the former Sudanese government, accusing the attorneys of "coaching" prospective class members to submit potentially falsified claims.

Motion attached | Read full article » | Save to favorites »

UK Tribunal Says Visa, Mastercard Fees Infringe Antitrust Law

By Matthew Perlman

A U.K. tribunal issued a judgment Friday siding with merchants seeking damages from Visa and Mastercard for claims they were charged excessively high transaction fees, finding the interchange fees merchants pay to banks violate competition law.

Read full article » | Save to favorites »

POLICY & REGULATION

Senate Republican Plan Would Cut CFPB Funds, Keep PCAOB

By Jon Hill

U.S. Senate Banking Committee Republicans' latest budget bill plans have dropped a push to dismantle the Public Company Accounting Oversight Board and pivoted to a lesser — but still severe — cut to the Consumer Financial Protection Bureau's funding. 

Read full article » | Save to favorites »

Judge Lets DOGE Access Go On But Cites 'Grave' Concerns

By Beverly Banks

A D.C. federal judge Friday voiced his "grave" concerns about the White House's Department of Government Efficiency obtaining personal information, but the district court declined to stop the U.S. Department of Labor and U.S. Department of Health and Human Services from giving this access.

Memorandum attached | Read full article » | Save to favorites »

COMPLIANCE

Financial Regulators Say Banks Can Use Third-Party TIN Info

By Sarah Jarvis

Financial regulators on Friday said banks can collect tax identification number information from third parties, rather than just from their customers, pointing to changes in banking since the requirement was enacted under the USA PATRIOT Act.

Order attached | Read full article » | Save to favorites »

LITIGATION

NC Biz Court Bulletin: Last-Minute Settlements Head Off Trials

By Hayley Fowler

Untouched by the summer slump, the North Carolina Business Court kicked off June with a sanctions order against a biogas company caught spurning court orders and a new complaint by a former NFL player accusing his longtime financial adviser of defrauding him for decades.

Read full article » | Save to favorites »

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

By Max Austin

This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, 极速赛车 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

DEALS

4 Firms Guide Blackstone's $2B CRE Loans Deal

By Isaac Monterose

Blackstone and Atlantic Union Bank's holding company have closed Blackstone's acquisition of $2 billion worth of performing commercial real estate loans from the holding company in a deal guided by Hunton Andrews Kurth LLP, Gibson Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP, the companies jointly announced.

Read full article » | Save to favorites »

B. Riley Divests Advisory Services Biz In $118M PE Deal

By Jade Martinez-Pogue

Financial services company B. Riley Financial Inc., advised by Cole Schotz PC, announced Friday the sale of its advisory services business to funds managed by Canadian private equity shop TorQuest Partners in a $117.8 million deal.

Read full article » | Save to favorites »

BANKRUPTCY

Injunction OK'd In Ex-FTX Exec Ch. 11 Clawback Case

By Vince Sullivan

A Delaware bankruptcy judge approved a preliminary injunction Friday against former FTX executive Ryan Salame to prevent him from dissipating as much as $6 million in assets he is accused of taking from the cryptocurrency exchange prior to its 2022 collapse.

Read full article » | Save to favorites »

PEOPLE

Hinshaw Continues Finance Growth With Goldman Sachs Atty

By Andrea Keckley

Hinshaw & Culbertson LLP announced today that a former vice president and senior legal director at Goldman Sachs Bank USA has returned to firm life as a senior counsel in its New York office.

Read full article » | Save to favorites »

EXPERT ANALYSIS

2025's First Half Brings Regulatory Detours For Fintechs

The first half of the year has resulted in a bifurcated regulatory environment for fintechs, featuring narrowed enforcement in some areas, heightened scrutiny in others and a policy window that, with proper compliance, offers meaningful opportunities for innovation, say attorneys at Sheppard Mullin.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Trump's Susman Godfrey 'Sword Of Damocles' Order Tossed

By Lauren Berg

A Washington, D.C., federal judge Friday struck down as unconstitutional President Donald Trump's executive order targeting Susman Godfrey LLP, saying it was issued in retaliation for the firm's representation of clients and causes with which the president disagrees, while hanging "like the sword of Damocles" over the BigLaw firm.

Order attached | Read full article » | Save to favorites »

Analysis

After Dobbs, States Become Battleground For Abortion Rights

By Marco Poggio

Three years ago, when the U.S. Supreme Court overturned the precedent set by Roe v. Wade, it did more than end nearly five decades of federal constitutional protection for abortion; it also fractured the legal landscape of reproductive rights, shifting the authority to regulate the procedure to individual states, and leading to legal uncertainty for courts, physicians and patients.

Read full article » | Save to favorites »

Analysis

Pregnancy Loss Draws Police Scrutiny Following Dobbs

By Dan McKay

The nation's abortion debate has played out in civil courtrooms and state capitols across the country since the overturning of Roe v. Wade three years ago. But the battle is also emerging in another arena: the criminal courts.

Read full article » | Save to favorites »

Justices Limit Universal Injunctions But Defer On Citizenship

By Katie Buehler

The U.S. Supreme Court ruled Friday that President Donald Trump can partially implement his executive order aimed at limiting birthright citizenship, in a ruling that significantly limits the ability of federal district court judges to issue nationally applicable orders against presidential edicts and policy initiatives.

Opinion attached | Read full article » | Save to favorites »

Grassley Plots Next Moves After Nationwide Injunction Ruling

By Courtney Bubl茅

Following the U.S. Supreme Court's decision Friday significantly limiting federal judges' ability to issue injunctions affecting parties outside a case, Senate Judiciary Committee Chairman Chuck Grassley is gearing up to further rein in judges with the Republicans' budget bill and standalone legislation.

Read full article » | Save to favorites »

Groups Quickly Switch Tactics In Birthright Citizenship Cases

By Britain Eakin

Just hours after the U.S. Supreme Court limited federal judges' ability to issue nationwide injunctions Friday, groups challenging the constitutionality of President Donald Trump's birthright citizenship executive order fired off a volley of new lawsuits, switching their legal actions to class action complaints.

4 documents attached | Read full article » | Save to favorites »

Analysis

How States Are Rethinking Life Without Parole For Youth

By Marco Poggio

A wave of recent state high court rulings, including a landmark decision in Michigan in April, has curtailed the use of mandatory life without parole for defendants under 21, citing evolving standards of decency and brain science. Hundreds of incarcerated individuals in Michigan are now eligible for resentencing, but the reforms face resistance from prosecutors, victims’ rights advocates, and dissenting justices who warn of consequences for public safety and judicial overreach.

Read full article » | Save to favorites »

Justices Say Md. Must Allow LGBTQ Storybook Opt-Out

By Katie Buehler and Ali Sullivan

The U.S. Supreme Court ruled Friday that a Maryland school district burdened parents' religious rights when it declined to provide opt-outs from a policy that introduced LGBTQ-themed storybooks into its K-12 English curriculum.

Opinion attached | Read full article » | Save to favorites »

DC Judge Asks If WH Can Pull Clearances Based On Bias

By Nadia Dreid

The D.C. federal judge overseeing national security lawyer Mark S. Zaid's challenge to being stripped of his clearances had some hard questions Friday for the government's attorney, asking if President Donald Trump stripped clearances from attorneys for being Catholic meant they could judicially challenge him.

Read full article » | Save to favorites »

Justices Uphold Texas Law Requiring Porn Site Age Checks

By Catherine Marfin

The U.S. Supreme Court on Friday said a Texas law requiring pornographic websites to verify visitors' ages could take effect, agreeing with a divided Fifth Circuit's decision to vacate an injunction while using a different standard of judicial review to evaluate the statute.

Decision attached | Read full article » | Save to favorites »

Justices Punt La. Voting Rights Case Despite Thomas Dissent

By Jeff Overley and Katie Buehler

The U.S. Supreme Court surprisingly declined Friday to resolve a yearslong saga over voting rights and alleged racial gerrymandering, ordering new arguments over Louisiana's controversial congressional districts despite an impassioned protest from Justice Clarence Thomas.

1 document attached | Read full article » | Save to favorites »

No Federal Agency Can Enforce WilmerHale EO, Judge Says

By Aebra Coe

A D.C. federal judge on Thursday amended his decision in the WilmerHale executive order litigation, clarifying amid disagreement among the parties that the underlying executive order cannot be enforced by any federal agency.

Decision attached | Read full article » | Save to favorites »

2nd Circ. Mulls Arguments In NY Atty Grievance Privacy Suit

By Emily Sawicki

A Second Circuit panel has questioned whether a pathway exists to limit the scope of "presumptive public access" to attorney grievance documents in New York, as the panel considers the state's appeal of a federal district court ruling that would make records related to attorney misconduct cases public.

Read full article » | Save to favorites »

In-House Pro Bono Work Dipped In 2024, Report Says

By Rose Krebs

The pro bono participation rate for U.S. attorneys in the Pro Bono Institute's annual Corporate Pro Bono Challenge dipped to 46% in 2024, with participation among legal staff decreasing to 31%, well below the institute's 50% "aspirational goal."

Report attached | Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

As the second half of 2025 begins, here are five corporate enforcement trends that general counsel and their white collar lawyers should watch. And just days before The New York Times reported that the president of the University of Virginia resigned under pressure from the Justice Department, the former general counsel and now chancellor of Antioch University spoke with 极速赛车 Pulse about his personal views on the danger of government threats to higher education. These are some of the stories in corporate legal news you may have missed in the past week.​

Read full article » | Save to favorites »

极速赛车's Legal Lions Of The Week

By Kevin Penton

Cooley LLP, Cleary Gottlieb Steen & Hamilton LLP and Paul Weiss Rifkind Wharton & Garrison LLP lead this week's edition of 极速赛车 Legal Lions, after a California federal judge determined that it was fair for Meta Platforms Inc. to train its Llama large language models with 13 bestselling authors' copyrighted material without their permission.

Read full article » | Save to favorites »

In Case You Missed It: Hottest Firms And Stories On 极速赛车

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on 极速赛车 last week.

Read full article » | Save to favorites »

Promo that reads 极速赛车 400 Promo that reads 2025 极速赛车 Titans of the Plaintiffs Bar

COMPANIES IN TODAY'S NEWS

3M Co.

AT&T Inc.

Aegean Marine Petroleum Network Inc.

Aetna Inc.

Ally Financial Inc.

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Civil Liberties Union of Louisiana

American Civil Liberties Union of Massachusetts

American Civil Liberties Union of Michigan

American Civil Liberties Union of New Hampshire

American Federation of Government Employees

American Federation of Labor & Congress of Industrial Organizations

American Federation of State County & Municipal Employees

American Federation of Teachers

American Fuel & Petrochemical Manufacturers

Anthropic PBC

Asian American Center for Advancing Justice

Assa Abloy AB

Association of Corporate Counsel

Astra International

Atlantic Union Bankshares Corp.

B. Riley Financial Inc.

BDO LLP

BNP Paribas SA

Bank Policy Institute

Bragg

Brennan Center for Justice

C&S Wholesale Grocers

CVS Health Corp.

Carolina Panthers

Cisco Systems Inc.

Civil Rights Corps

Cleveland Clinic Foundation

Communications Workers of America

Dave Inc.

Dell Technologies Inc.

Democracy Forward Foundation

DuPont de Nemours Inc.

Economic Policy Institute

Exelon Corp.

Financial Services Forum

Food & Water Watch

Forvis Mazars LLP

Freddie Mac

General Mills Inc.

HSBC Holdings PLC

Harley-Davidson Inc.

Harvard University

ICM Inc.

Intel Corp.

Juvenile Law Center

LinkedIn Corp.

MUFG Union Bank NA

Major Lindsey & Africa LLC

MasterCard Inc.

McKesson Corp.

Mediterranean Shipping Co. SA

Meta Platforms Inc.

Microsoft Corp.

NAACP Legal Defense & Educational Fund Inc.

National Collegiate Athletic Association

National District Attorneys Association

National Treasury Employees Union

Neil Jones Food Co.

Oracle Corp.

PepsiCo Inc.

Pfizer Inc.

Planned Parenthood Federation

Pro Bono Institute

Public Co. Accounting Oversight Board

Sandy Spring Bancorp Inc.

Sentencing Project

Service Employees International Union

Shenandoah Life Insurance Company Inc.

Smithfield Foods Inc.

Solicitors Regulation Authority Ltd.

SpartanNash Co.

State Bar of Texas

TSR Inc.

The Center for Reproductive Rights Inc.

The Goldman Sachs Group Inc.

The Home Depot Inc.

The New York Times Co.

The PNC Financial Services Group Inc.

United Therapeutics Corp.

Universal Music Group NV

University of California Davis

University of Virginia

VTB Bank

VTB Capital PLC

Verizon Communications Inc.

Visa Inc.

Washington & Lee University

Wells Fargo & Co.

Wells Fargo Advisors Financial Network LLC

Western Digital Corp.

Xerox Holdings Corp.

LAW FIRMS IN TODAY'S NEWS

Anderson & Wanca

Arnold & Porter

Ballard Spahr

Benesch

Berger Montague

Boies Schiller

Boyden Gray

Bracewell LLP

Bryan Cave

Burges Salmon

Capsticks Solicitors LLP

Cleary Gottlieb

Clement & Murphy

Clyde & Co

Cole Schotz

Cooley LLP

Covington & Burling

DLA Piper

Davis Woolfe

Davis Wright Tremaine

Dean Ringers

Duane Morris

Enyo Law

Eversheds Sutherland

Freshfields

Fried Frank

Gibson Dunn

Graves Garrett

Gupta Wessler

Haun Mena

Hecht Partners

Herrick Feinstein

Hinshaw & Culbertson

Hunton Andrews

Husch Blackwell

JMW Solicitors LLP

Jenner & Block

Jones Day

Kirkland & Ellis

Koskoff Koskoff

Kudman Trachten

Landis Rath

Latham & Watkins

Miller Shah

Mills & Reeve

Mishcon de Reya

Montgomery McCracken

Morgan Lewis

Munger Tolles

Napthens Solicitors

Paris Smith LLP

Parker Ibrahim

Patterson Belknap

Paul Weiss

Penningtons Manches

Perkins Coie

Pillsbury Winthrop

Pinsent Masons

Quinn Emanuel

Reed Smith

Relman Colfax

Ropes & Gray

Rosca Scarlato

Scott&Scott

Sheppard Mullin

Sidley Austin

Simon Paschal

Skadden Arps

Stephenson Harwood

Sullivan & Cromwell

Susman Godfrey

Thompson Hine

Walker Morris LLP

Watson Farley

Webb Daniel Friedlander

Weil Gotshal

White & Case

WilmerHale

Zuckerman Spaeder

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona House of Representatives

Companies House

Competition Appeal Tribunal

Consumer Financial Protection Bureau

European Commission

Executive Office of the President

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Judicial Center

Federal Reserve System

Federal Trade Commission

Financial Crimes Enforcement Network

Financial Reporting Council

Florida Supreme Court

Georgia Supreme Court

Indiana Supreme Court

Louisiana Legislature

Massachusetts Supreme Judicial Court

Michigan Supreme Court

National Credit Union Administration

New York Attorney General's Office

North Carolina Attorney General's Office

North Dakota Supreme Court

Office of the Comptroller of the Currency

Pennsylvania Department of Human Services

Pennsylvania Supreme Court

Texas Attorney General's Office

Texas Legislature

Texas Supreme Court

U.S. Attorney's Office for the District of Maryland

U.S. Bankruptcy Court for the District of Delaware

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. District Court of the District of New Hampshire

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United States District Court for the Northern District of Ohio

Wisconsin Supreme Court