S&C’s M&A Financial Advisory and Valuation Practice led all law firms globally in representations of financial advisers in M&A transactions in 2025, advising on more than $319 billion of announced ...

Brian Glueckstein, a partner in S&C’s Restructuring and Litigation Groups, has been named to Turnarounds & Workouts’ “Outstanding Restructuring Lawyers 2025” list.

On October 24, the Federal Reserve Board released two proposals to update its supervisory stress testing framework, seeking comment on enhanced model transparency, disclosure processes, and proposed ...

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

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 ...

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 ...

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, ...

Acting FDIC Chairman Hill Offers Lessons Learned from 2023 Bank Failures and Discusses Potential Streamlining of Resolution Plan Requirements and Improvements to ...

On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediately effective interim final rule (referred to as the “Affiliates Rule”) which amends ...

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 ...

IRS Announces Intent to Partially Withdraw Previously Proposed Regulations and Provides Interim Guidance Including Revised Rules Governing Domestic Transactions, Troubled Companies and Acquiring ...

President Trump’s recent trip to Asia culminated in the announcement of agreements with the governments of Japan, Malaysia, Thailand and China related to critical minerals.