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What Top Bank Lawyers Were Doing at Secret Versailles Summit

Oct. 17, 2016, 4:00 AM

It’s a Wall Street club that’s virtually unknown on Wall Street. It has no name or official membership list, and it meets only once a year, in locations such as Switzerland’s Lake Lucerne, Connecticut’s Litchfield County, and, this year, Versailles, France.

The attendees are top in-house lawyers for some of the world’s most powerful banks—people who sit at the table for decisions that can shape multibillion-dollar litigation tabs for the likes of Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., Deutsche Bank AG and JPMorgan Chase & Co.

For this year’s meeting, in late May, the lawyers descended on Trianon ...