Recent bank failures followed by stresses on other regional banks have resulted in a variety of theories of causes and predictable finger-pointing among various constituencies, followed by proposals for new legislative and...more
On March 12, 2023, in response to concerns about the ongoing ripple effects of recent bank failures, the Federal Reserve Board established the new Bank Term Funding Program (the Program) to provide additional funding to...more
The increase in interest rates, and the contraction of the money supply, which are intended to tame inflation, have also had significant negative consequences. Those consequences include adverse impacts on the banking...more
On Wednesday, March 30, 2022, the Securities and Exchange Commission (SEC) proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings (IPOs) and in business combination...more
4/7/2022
/ Capital Markets ,
Capital Raising ,
Comment Period ,
Initial Public Offering (IPO) ,
Investment ,
Investor Protection ,
Proposed Amendments ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Special Purpose Acquisition Companies (SPACs)
2021 is in the books…another eventful year on so many different fronts. For financial institutions, it was a year in flux, with various governmental appointments taking on new importance in the day-to-day life of banks. ...more
1/11/2022
/ Acquisition Agreements ,
Bank Merger Act ,
Banks ,
Competition ,
Coronavirus/COVID-19 ,
Employees ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Hiring & Firing ,
Infectious Diseases ,
Interest Rates ,
Merger Agreements ,
Resignation
Bank mergers and acquisitions are on the rise, with the total number of bank M&As in 2021 surpassing that of 2020. With this increase, institutions should pay close attention to trends and new regulatory guidelines to prepare...more
9/15/2021
/ Acquisitions ,
Banking Sector ,
Banks ,
Best Practices ,
Continuing Legal Education ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinTech ,
Mergers ,
Professional Plaintiffs ,
Webinars
On July 9, 2021, President Biden signed an “Executive Order on Promoting Competition in the American Economy.” Included within the order is a sweeping recommendation that the Attorney General, in consultation with the heads...more
What can we really say about 2020?—a year more unique than any year we can remember. For financial institutions, it was a year that started off with lots of hope and drifted into levels of significant concern as COVID-19 took...more
On August 20, the Consumer Financial Protection Bureau (CFPB) entered a consent order with a national bank over the sales and marketing practices for its optional overdraft service called Debit Card Advance (DCA). DCA...more
Although it was very quiet on the western front (in particular, in California), 2019 was generally a solid year for banks pursuing merger and acquisition opportunities and accessing the capital markets. Some forthcoming...more
In a notice of proposed rulemaking (NPRM), the Federal Deposit Insurance Corporation (FDIC) announced its plan to update its brokered deposits regulations....more
Seeking to increase the transparency of the rules for determining control of a banking organization, the Federal Reserve Board of Governors (Board) asked for public comment on a new proposal....more