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Financial Services

Preeminent in its field, our Financial Institutions Practice advises a broad range of financial institutions, private investors and government agencies on transactional and regulatory matters.

We have represented clients in many of the largest and most complex mergers of the past decades, as well as important and innovative capital raising transactions and regulatory matters ranging from compliance with the Dodd-Frank Act and its implementing regulations to chartering new institutions and obtaining regulatory approvals for expanded banking powers. Our clients span the entire spectrum of financial services, including global and smaller domestic banks, insurance companies, asset management firms, securities and mortgage brokers, credit card issuers and specialty finance firms, as well as investors in these companies and their boards of directors. During the financial crisis and its aftermath, we were at the forefront of advising clients on innovative strategies for recapitalizations and restructurings, as well as purchases of failed banks from the FDIC by banks and private investor clients.

Clients appreciate our unique insight into issues relating to the financial services industry, gained through our extensive deal experience and deep knowledge of the complex and changing regulatory framework. Most of the lawyers in our Financial Institutions Practice have broad experience in both regulatory and transactional matters, giving them an invaluable perspective to address our clients’ needs with practical and creative solutions.

“They are extremely smart and experienced lawyers. They inspire confidence and are able to think creatively.”
Chambers USA, Financial Services Regulation (quoting a client)

Featured Clients and Transactions

JPMorgan Chase’s $58 billion merger with Bank One
Blackstone-led consortium’s $20 billion acquisition of a majority interest in Refinitiv, and Refinitiv’s $27 billion acquisition by London Stock Exchange
TD Bank’s $26 billion sale of its affiliate TD Ameritrade to Schwab
Mellon Financial’s $16.8 billion merger with Bank of New York
U.S. Treasury in developing and implementing its $250 billion TARP program for investments in banks
Travelers’ in its $16 billion merger with St. Paul Companies
Manulife’s $11 billion acquisition of John Hancock
Ant Financial’s investments to extend its online payment platform in Asia (helloPay, Mynt, Kakao Pay, Paytm and Touch ’n Go)
Countrywide Home Loans’ landmark appellate reversal in an RMBS case
Fifth Third Bancorp’s $4.7 billion merger with MB Financial
IBERIABANK’s $3.9 billion merger of equals with First Horizon, and its acquisitions of Sabadell United Bank and Gibraltar Private Bank & Trust Company
TCF Financial in its $3.5 billion merger with Chemical Financial
WMIH in its $3.8 billion merger with Nationstar Mortgage
Synovus in its $2.9 billion acquisition of FCB
Institutional Shareholder Services, a portfolio company of Vestar, and Vestar’s $720 million sale of ISS to Genstar Capital
People’s United’s acquisitions of First Connecticut Bancorp, Suffolk Bancorp and United Financial Bancorp 
TD Bank in defeating class certification in an action arising out of the Stanford Ponzi scheme
TransUnion’s IPO
Massachusetts Mutual Life Insurance Company in its sale of OppenheimerFunds to Invesco

Other transactions have included the Toronto-Dominion Bank in its acquisitions of numerous banks, securities brokerage firms and asset managers; and initial public offerings for asset management firms, including Ares, Blackstone, Carlyle, KKR, Oaktree and others.

Band 1 or 2
Band 1 or 2 ranking in Financial Services Regulation: Financial Institutions M&A by Chambers USA 2009-2021

News & Events



      Spotlight on
      Simpson Thacher Wins “Financial Services Law Firm of the Year” and “Financial Services Deal of the Year” at The Deal Awards 2020
      Spotlight on
      Webinar: Breakfast Series for Financial Institutions: Reflections on Dodd-Frank: 10 Years Later
      Spotlight on
      Law360 Profiles Simpson Thacher as a 2018 Banking Practice Group of the Year