Palo Alto +1-650-461-5600 schenkelm@sullcrom.com ...

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 ...

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

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

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 ...

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

New York +1-212-558-3121 giuffrar@sullcrom.com ...

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, ...

Axel Beckmerhagen is European Counsel in Sullivan & Cromwell’s London office whose practice focuses on German and European competition law.

New York +1-212-558-1689 fishmanj@sullcrom.com ...

New York +1-212-558-4636 peikins@sullcrom.com ...