Law360 ‘Practice Group of the Year’: Banking

March 9, 2023

Sullivan & Cromwell has been recognized as one of Law360’s Banking “Practice Groups of the Year.”  S&C advises the world’s leading financial services firms as well as emerging companies on their most crucial matters, including on M&A, capital markets, regulatory matterslitigation, investigations and enforcement actions.
 
Our recent achievements include:

  • Advising BNP Paribas on its $16.3 billion sale of Bank of the West—the largest bank M&A deal announced in 2021
  • Advising First Horizon on its pending $13.4 billion sale to Toronto-Dominion—the largest bank M&A deal announced in 2022
  • Advising the U.S. Treasury Department on its Emergency Capital Investment Program to invest $9 billion in Community Development Financial Institutions and Minority Depository Institutions
  • Securing summary judgment for Barclays in a $500 million RMBS case
     
S&C led all law firm advisers on announced bank M&A deals, measured by value, in 2022. We advised on deals totaling more than $25 billion, representing nearly three-quarters of the bank M&A deals announced last year.
 
Recent Thought Leadership
  • Memo: Federal Reserve and OCC Consideration of Bank Merger Proposals
  • Memo: Prudential Regulators Issue Joint Statement on Crypto-Asset Risks
  • Memo: Proposed Equity Market Structure Reforms
  • Memo: Federal Reserve Reopens Master Account Access Guidelines
  • Memo: Fifth Circuit Panel Finds CFPB Funding Mechanism Unconstitutional