Home/MARKETS/INDIA/Article
MARKETS

Trump plans to appoint James McDonald as US Attorney for Southern District of New York

On Saturday, US President Donald Trump revealed that James McDonald has been appointed as the new US Attorney for Southern District of New York, taking over from Jay Clayton. McDonald’s position is crucial, as he will manage important Wall Street cases while Trump navigates his ongoing legal battles.

BRIC Team
BRIC Team
Jun 13, 2026 · 1 min read · 5 views
Trump plans to appoint James McDonald as US Attorney for Southern District of New York

Key Takeaways

  • James McDonald will replace Jay Clayton as US Attorney for the Southern District of New York, overseeing crucial Wall Street cases.
  • McDonald previously served as the director of enforcement at the Commodity Futures Trading Commission for nearly four years.
  • He was part of the legal team that secured a favorable outcome for Indian billionaire Gautam Adani in a dropped fraud case.
  • McDonald has a history of working as an assistant US attorney in Manhattan for three years before his CFTC role.
  • Trump's appointment of McDonald comes amid ongoing legal challenges and a reshaping of his administration's key positions.

US President Donald Trump announced Saturday plans to appoint James McDonald as new US Attorney for Southern District of New York . This role is key for overseeing high-profile Wall Street cases. McDonald will replace Jay Clayton, recently nominated as US director of national intelligence after backlash over interim appointee,housing official Bill Pulte.

McDonald,with jurisdiction over Manhattan,has solid law enforcement background . He was director of enforcement at Commodity Futures Trading Commission for nearly four years . And he worked as assistant US attorney in same district for three years . His legal chops? Involved in Trump's appeal over felony convictions tied to hush money payments to adult film actress Stormy Daniels during 2016 campaign.

Recently,McDonald part of legal team securing a win for Indian billionaire Gautam Adani. Justice Department under Trump dropped fraud and conspiracy case against Adani,originating during Biden administration. McDonald’s appointment signals strategic move as Trump faces ongoing legal challenges while reshaping key roles in his administration…

Share this article

Related Articles

AdaptHealth upgraded to buy rating by Wall Street Zen on June 14, 2026

AdaptHealth upgraded to buy rating by Wall Street Zen on June 14, 2026

AdaptHealth has received an upgrade from Wall Street Zen, shifting from a “hold” rating to a “buy” rating, indicating greater analyst confidence. Shares opened at $10.16, and the market capitalization stands at around $1.38 billion, following a mixed quarterly earnings report released on May 5.

BRIC Team

Jun 14, 20260
Leslie's upgraded to hold rating by Wall Street Zen on June 14, 2026

Leslie's upgraded to hold rating by Wall Street Zen on June 14, 2026

Wall Street Zen has raised Leslie’s (NASDAQ:LESL) rating from “sell” to “hold,” indicating a change in analyst outlook. However, on May 13, Leslie’s posted a disappointing earnings per share of ($5.36), missing expectations by $0.95.

BRIC Team

Jun 14, 20260
Cullinan Therapeutics upgraded to Hold by Wall Street Zen on June 14, 2026

Cullinan Therapeutics upgraded to Hold by Wall Street Zen on June 14, 2026

Investment analysts at Wall Street Zen raised Cullinan Therapeutics' rating from “sell” to “hold” on Sunday, indicating a more positive outlook for the biopharmaceutical firm. Currently, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00, even though it opened at $13.70 last Friday.

BRIC Team

Jun 14, 20260
UK and Japan finalize £18 billion investment deal to enhance cooperation

UK and Japan finalize £18 billion investment deal to enhance cooperation

UK Prime Minister Sir Keir Starmer and Japanese Prime Minister Sanae Takaichi unveiled an £18 billion investment agreement in London, focused on boosting UK infrastructure and offshore wind initiatives. This partnership is projected to generate tens of thousands of jobs, even amid ongoing economic challenges and increasing inflation forecasts.

BRIC Team

Jun 14, 20262 views
Iran and US near interim deal after 100 days of hostilities

Iran and US near interim deal after 100 days of hostilities

Tehran's markets buzzed with optimism on Sunday as negotiations for an interim agreement with United States moved forward, causing the rial to strengthen to under 1.68 million against dollar. Yet, hardliners like Mahmoud Nabavian voiced strong opposition to any concessions, worried that such moves could jeopardize Iran's political and military achievements.

BRIC Team

Jun 14, 20262 views
US seeks to bypass congressional vote on trade deal, says Canada's Carney

US seeks to bypass congressional vote on trade deal, says Canada's Carney

Canadian Prime Minister Mark Carney mentioned that U.S. officials prefer to sidestep a congressional vote on USMCA in order to preserve its core structure. He pointed out that talks with Mexico are ongoing, while Canada is keen on exploring its own trade agreement, showcasing a proactive approach to trade relations despite tensions arising from tariffs.

BRIC Team

Jun 14, 20262 views