Supreme Court Stays Order Barring Executive From Banking Industry

U.S. Supreme Court nominee Brett Kavanaugh listens during the first day of his confirmation hearing in front of the U.S. Senate on Capitol Hill in Washington on Sept. 4, 2018. Saul Loeb/AFP/Getty Images

The Supreme Court has put a banker’s lifetime ban from the industry on hold while he pursues an appeal over the ban.

The order (pdf), which also stays a $125,000 fine, came late on Sept. 29 in Calcutt v. Federal Deposit Insurance Corp. (FDIC), court file 22A255.