Axe assembles a war room in the Hamptons following a disastrous setback in Sandicot for Axe Capital. The fate of the town hangs in the balance while Axe seeks counsel on how to best recoup his losses. Meanwhile, Chuck capitalizes on a high-profile victory, but alienates Wendy in the process, causing the couple to change the status of their separation.
Chuck, Connerty and Sacker rely on an anxious insider who is willing to wear a wire; Axe's numbers take a big hit, so he scouts ideas for a quick financial play with a huge payoff; Wendy rediscovers her passion for her former job at Axe Capital when she works with an old colleague; the realities of expanding Lara's business come between her and Axe.
Chuck develops a new strategy when his case stalls; Wendy helps a tech billionaire assess a candidate for a special project; Axe considers pledging half his net worth to charity; Lara's business faces a rival; Axe and Chuck find themselves in a room together for the first time since their face-off.
Axe considers buying an NFL franchise and develops a new ally; Chuck begins a last-ditch case against a banking titan by developing a low-level informant; Axe Cappers attend the annual Alpha Cup Charity Poker Tournament; Wendy makes a controversial appearance at the tournament by accompanying Axe's competitor as his performance coach; Lara launches her new business.
Axe publicly spars with a rival hedge fund manager and with the help of a talented intern initiates a new financial play to hurt the competition. Meanwhile, Chuck deploys his team to quickly find a high-profile case that might save his sinking status; and Wendy navigates a minefield of questioning that could result in disaster for Chuck.
Season 2 begins with Chuck facing scrutiny within his office and from the Attorney General. Meanwhile, Axe refortifies Axe Capital and weighs his options for retaliation; the fund wrestles with a precarious economic landscape that threatens the very existence of Axe Cap; Wendy entertains an offer from a rival hedge fund manager; and Lara intervenes in an emergency at her children's school.