For the fourth time, Sullivan & Cromwell has been recognized as one of Law360’s Banking Practice Groups of the Year.
S&C advises many of the world’s largest financial services institutions on their most crucial matters, including transactions, regulatory matters, litigation, investigations and enforcement actions.
Our recent banking achievements highlighted by Law360 include:
- Advising the U.S. Treasury on its Emergency Capital Investment Program to strengthen minority-owned financial institutions
- Advising the Spanish bank Banco Bilbao Vizcaya Argentaria in its $11.5 billion acquisition by PNC
- Advising MUFG in its $8 billion sale of its U.S. retail banking business—the second largest announced bank M&A deal of the year to date
- Advising LendingClub in acquisition of Radius Bank—the first-ever announced acquisition of a bank by a U.S. fintech company
- Successfully representing Wells Fargo in investigations and litigation stemming from CARES Act Paycheck Protection Program loan applications
Additionally, S&C led all law firm advisers on announced bank M&A deals, measured by value, in 2021. We advised on deals totaling more than $52 billion, representing two-thirds of the $77 billion of bank M&A deals announced last year.
Recent Thought Leadership
- OCC Seeks Public Feedback on Principles for Climate-Related Financial Risk Management for Large Banks – Read memo
- OCC Issues Interpretive Letter Regarding the Authority of Banks to Engage in Cryptocurrency Activities – Read memo
- Office of the Comptroller of the Currency Issues Bulletin Regarding Investments in Venture Capital Funds – Read memo
- Federal Banking Agencies Issue Final Rule Regarding Cyber Incident Notification Requirements – Read memo
- S&C Lawyers Author Article on Biden Administration Approach to Climate-Related Financial Risk – Read article