S&C Senior M&A Partner Frank Aquila has been appointed Vice Chair of the Council of Institutional Investors’ Markets Advisory Council, one of the largest networks of U.S. shareholders, asset owners ...

New York +1-212-558-4000 lepager@sullcrom.com ...

Christopher Viapiano is a partner in Sullivan & Cromwell’s Litigation Group, Co-Head of the Firm’s Securities Litigation Practice and a member of the Criminal Defense & Investigations Group. Mr.

FDIC and OCC Issue NPR to Eliminate ‘Reputation Risk’ from Supervisory Programs ...

On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.

Sixth Circuit Clarifies Critical Issues Regarding Reliance and Damages at Class Certification in Securities Fraud Case ...

Summary The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter. On ...

Revised Policy Would Enable Greater Scope for Digital Asset-Related Activities by Uninsured State Member Banks ...

President Trump signed an Executive Order titled “Guaranteeing Fair Banking for All Americans.” The Order states that “[i]t is the policy of the United States that no American should be denied access ...

For more information on these and other developments, we encourage you to reach out to your regular Sullivan & Cromwell contact. Highlights In this issue, we discuss key developments in Q3 2025, ...

On September 17, in a 3-to-1 vote, the U.S. Securities and Exchange Commission adopted a new policy statement, which is intended to provide clarity for issuers with a mandatory arbitration provision ...

On December 5, 2025, the OCC and FDIC issued a joint statement, announcing their withdrawal from their March 2013 guidance on leveraged lending and the November 2014 frequently asked questions on ...