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Industry
Insurance plays an essential role in risk mitigation for financial services companies. As risks evolve, questions often arise concerning the scope of insurance coverage and the interpretation and application of policy provisions. Winston’s insurance lawyers provide companies with best-in-class advice, corporate and transactional counsel, and, if need be, litigation defense in high-stakes coverage disputes and class actions. We have achieved excellent outcomes for our clients in matters involving a wide variety of insurance policies and claims, including cybersecurity, travel, long-term care, and annuities, among others. Moreover, we have experience in emerging issues and industries, such as blockchain technology and artificial intelligence, both of which present insurers with a unique and complicated set of risks and opportunities.
Industry
Winston’s financial crimes compliance lawyers have been providing regulatory compliance counseling and enforcement services related to the Bank Secrecy Act (BSA), the Anti-Money Laundering Act of 2020 (AML), and countering the financing of terrorism (CFT) policy for decades. We also have experience with international AML matters, including in the EU and with respect to Financial Actions Task Force (FATF) recommendations.
Industry
For more than a century, Winston has been a trusted advisor and advocate to financial services clients around the world, advising them in some of their highest-stakes and most sensitive matters. Our multidisciplinary Financial Services Industry Group represents leading banks and financial services companies in a range of complex corporate and transactional matters; litigation and disputes; and regulatory, compliance, and enforcement matters.
Insights & News 22 results
Client Alert
|August 14, 2024
|5 Min Read
U.S. Banking Regulators Target Bank-Fintech Partnerships
On July 25, 2024, the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System (collectively, the “Banking Agencies”) released both a Joint Statement and request for information (RFI) regarding banks’ arrangements with financial technology (fintech) companies for the delivery of bank products and services to end users.
Competition Corner
|April 23, 2024
|9 Min Read
FTC Adopts Final Ban on Worker Non-Competes
On April 23, 2024, the U.S. Federal Trade Commission promulgated a final rule banning non-compete clauses in contracts with employees and other workers (the Rule).
In the Media
|March 8, 2024
|1 Min Read
Carl Fornaris Discusses When Bank Regulators Must Close a Bank with Commercial Observer
Winston & Strawn partner Carl Fornaris was quoted in a recent Commercial Observer article discussing the possible failure of New York Community Bank after trading of the bank closed at $3.22. The article discussed how the FDIC receivership process is not tied to any bank’s stock price or even its uninsured depositor ratios, but rather to capital levels that indicate a bank’s ability to withstand depositor outflows. Carl said the FDIC’s licensing authority has a statutory obligation to close any bank after its capital level falls below a certain minimum threshold.
Other Results 11 results
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Location
Winston & Strawn’s Miami office opened in 2022 and represents the firm’s largest expansion in several years. Located in the heart of the city’s Financial District, the office launched with a strong team of transactional and litigation partners from prestigious law firms operating in South Florida. Our Miami office leverages the area’s status as a critical nexus point for banking and international trade with the United States, Europe, Latin America, and other parts of the world. Our attorneys have the cultural fluency and local knowledge necessary to work seamlessly with international clients, particularly those with ties to Latin America.
Location
Serving one of the world’s largest economies for over 20 years, Winston & Strawn’s Los Angeles office is home to more than 100 attorneys and professional staff. Under the guidance of Office Managing Partner Angela M. Machala, our L.A. office thrives as a dynamic and tightly knit community that celebrates diversity, with more than half of our L.A. attorneys identifying as women, racial/ethnic minorities, and/or LGBTQ+. Our L.A. lawyers—who are equally split between litigation and transactional work—advise 80+ Fortune 500 companies, which is a testament to the collaborative environment we’ve created to provide exceptional legal services.