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Blatt to Set Supreme Court Record for Women With 50th Argument

Lisa Blatt isn’t afraid to tell a US Supreme Court justice they’re making stuff up, inject herself in her own hypotheticals, or talk like she’s debating friends at a bar.

By Lydia Wheeler

Bostic Says Fed Can Be Patient, Cut Unlikely Until Year End

Federal Reserve Bank of Atlanta President <-bsp-person state="{"_id":"0000018e-f363-d583-afbf-f3ffb70f0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward the end of the year.

Banking Regulators to Appeal Pause on Anti-Redlining Rewrite

Banking regulators are asking a federal appeals court to overturn a Texas federal judge’s order putting their overhaul of anti-redlining rules on hold.

BGOV Bill Summary: House Foreign Aid Package Policy Provisions

Frozen Russian state-owned assets could be seized and used to support Ukraine, sanctions would be imposed on Iran, and TikTok’s Chinese owner would have to divest the video-sharing app under H.R. 8038.

Ex-Jane Street Traders Deny Stealing Secrets for Millennium

Two former <-bsp-bb-link state="{"bbHref":"bbg://securities/1087299D%20US%20Equity","_id":"0000018e-f32b-d583-afbf-f3ff08050000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Jane Street Group traders denied the firm’s allegation that they stole a confidential and “immensely valuable” proprietary trading strategy to use in their new jobs at <-bsp-bb-link state="{"bbHref":"bbg://securities/2878538Z%20US%20Equity","_id":"0000018e-f32b-d583-afbf-f3ff08050001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Millennium Management.

Some Hedge Funds Too Big to Fail for Bond Market, IMF Says

A small group of funds has accumulated such large short wagers in the Treasury market that they could destabilize the broader financial system during times of stress, according to the International Monetary Fund.

Ex-JPMorgan Worker’s Discovery Sanction Upheld by Ninth Circuit

The whistleblower claims of a former JPMorgan Chase employee were properly dismissed by a lower court after it became evident he had deleted a lot of electronically stored information, the Ninth Circuit ruled.

Savings and Loan Owners Can’t Point to Fraud Scheme in Tax Case

The owners of a defunct savings and loan institution can’t claim $3.8 million in theft loss deductions after they got unwittingly caught in the financial frauds of disgraced mortgage industry titan Lee Bentley Farkas, the US Tax Court said Thursday.

Kashkari Says Fed Could ‘Potentially’ Hold Rates Steady All Year

The Federal Reserve needs to achieve more confidence that inflation is declining before cutting interest rates and could possibly delay such a move until after 2024, said Minneapolis Fed President <-bsp-person state="{"_id":"0000018e-f2fa-d583-afbf-f2fe3e400000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Neel Kashkari.

Trump Media Advises ‘Long-Term’ Investors on Thwarting Shorts

Donald Trump’s social media company, whose meteoric stock gains made the former president billions on paper before a rapid selloff wiped out more than two-thirds of the advance, took the unusual step of advising investors how to prevent bets against the firm.