Arthur S. Long

Arthur's recent experience includes:

Transactional

• Madison Dearborn Partners on its acquisition of the collective investment fund business of Wilmington Trust
• Wealthfront on its proposed sale to UBS AG in an all-cash US$1.4 billion transaction*
• A leading financial services firm on a proposed national trust bank that would serve as a clearance and settlement system for corporate loans*
• Hazel, the Walmart-Ribbit Capital joint venture, on its acquisition of ONE Finance*
• GE Capital on the sale of its retail bank deposit program to Goldman Sachs, the first expansionary transaction by a global systemically important bank (G-SIB) since the financial crisis*
• Grupo Financiero Ficohsa on its purchase of Citigroup’s banking and credit card operations in Honduras and Nicaragua*
• The conversion of Banco Santander’s principal US depository institution from a federal thrift to national bank*
• Banco Santander on its acquisition of Sovereign Bancorp, which resulted in protested applications to the Federal Reserve Board, the Office of Thrift Supervision, and the New York State Banking Department*

Financial Crisis

• The Federal Reserve Bank of New York on its emergency loan to American International Group*
• Her Majesty’s Treasury on its plan to provide support to the UK banking system, including obtaining relief from the US Bank Holding Company Act for the UK-government company that was the majority shareholder of The Royal Bank of Scotland Group and Lloyds Banking Group*
• Morgan Stanley on becoming a bank holding company and conforming its global operations to the Bank Holding Company Act*
• Citigroup on its proposed rescue of Wachovia and Federal Deposit Insurance Corporation assistance and its sale of its retail brokerage business to Morgan Stanley*
• One of the first-round filing international banks on its resolution plan required by Section 165 of the Dodd-Frank Act*

*Matter handled prior to joining Latham