The Supreme Court's June decision not to review the, case of Wells Fargo Asia Ltd. v. Citibank was a step backward in international banking juris-prudence.

The court rejected not just a Citibank petition but also the recommendations of U.S. banking regulators and trade groups in a case that was fiercely litigated over eight years. The case has resulted in two federal district court opinions, two appellate decisions, and an earlier Supreme Court opinion.

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