We found that the abuses that bedeviled the foreclosure process are appearing in lawsuits to collect credit card debt. Meanwhile, no criminal case is likely in the $1 billion loss at Jon S. Corzine's MF Global.
A look back on our reporting of the past week's highs and lows in finance.
Best Buy Founder Nudges Company's Board to Consider Takeover | “You should know that I am not going away,†Richard M. Schulze wrote in a letter reaffirming his commitment to buy the company for as much as $8.8 billion. DealBook '
Private Equity Firm Continues Its Busy Summer for Deals | The Carlyle Group “has struck 19 deals worth nearly $14.1 billion over the last 12 months and currently tops the Thomson Reuters rankings,†Michael J. de la Merced reported. DealBook '
Heineken Faces Challenge for Asian Brewer | Thai Beverage increased its stake in Fraser & Neave, the Singapore-based conglomerate that had agreed to a $4.1 billion sale, Mark Scott reported. Deal Book '
Swiss Bank Julius Baer to Buy Bank of America Unit | The $882 million deal is the latest consolidation in the private banking industry, as firms look to gain access to the new markets of emerging economies, Mr. Scott reported. DealBook '
Risk Builds as Junk Bonds Boom | “Demand is insatiable, even as analysts warn that the market has become overheated and is ripe for a fall,†Peter Lattman reported. DealBook '
DealBook Column: Everything Wall St. Should Know About Ryan | What does Mitt Romney's new running mate think about Wall Street? Andrew Ross Sorkin says that his views may surprise you. DealBook '
“We should make sure you can't get too big where you're going to become too big to fail and trigger a bailout,†Mr. Ryan said during a meeting with constituents in May in Wisconsin.
For Deal Makers, Incubator Offers an Alternative to Wall St. | “Jolyne Caruso, experienced on Wall Street, took a page from the tech playbook to help seasoned financiers run their own firms,†Adriana Gardella reported. DealBook '
Deal Professor: Finding Silicon Valley's Next Big Thing in the Ordinary | Steven M. Davidoff says that “Square's tie-up with Starbucks may be this year's most important venture capital deal.†DealBook '
The future of venture capital and Silicon Valley may be more like Edison's laboratory, looking for the innovation in ordinary tasks and doing so based on leveraging pre-existing ideas and products.
Restoration Hardware Co-Chief Steps Down After an Inquiry | Gary Friedman was confronted with the findings an investigation into an intimate relationship he had with a 26-year-old female employee, Mr. Sorkin reported. DealBook '
Hall of Fame College Coach Is Accused in Ponzi Scheme | Jim Donnan is accused of working with an Ohio businessman to cheat fellow coaches and his former players out of $80 million, Mr. Lattman re ported. DealBook '
Former Dewey Partners to Return Millions in Compensation to Pay Creditors | The proposed settlement is for more than $60 million. Creditors are owed more than $300 million, Mr. Lattman reported. DealBook '
No Criminal Case Is Likely in Loss at Corzine Firm | Investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, Azam Ahmed and Ben Protess reported. DealBook '
Wells Fargo Settles a Securities Case | The bank paid $6.5 million to settle accusations that it sold troubled mortgage investments without disclosing the risks, Mr. Protess reported. Wells Fargo earned $16 billion last year. DealBook '
Peregrine Chief Is Indicted in Brokerage Fraud Case | “The move is the latest development in what prosecutors say was a long-ranging fraud†for Russell R. Wasendorf Sr., Mr. Lattman reported. DealBook '
Problems Riddle Moves to Collect Credit Card Debt | Companie s are going to court to recoup bad loans. But many of the lawsuits rely on erroneous documents, incomplete records and generic testimony, Jessica Silver-Greenberg reported. DealBook '
Libor Case Energizes a Wall Street Watchdog | The Barclays case has now thrust Gary Gensler - and his once-obscure Commodity Futures Trading Commission - into the spotlight, Mr. Protess reported. DealBook '
