Week in Review: Rate-Rigging Scandal Keeps Growing

The rate inquiry escalated. | Chinese companies shopped abroad. | The Deal Professor called for the S.E.C. to re-examine old regulations. | DealBook's special section examined business between worlds. | HSBC agreed to pay nearly $2 billion to settle charges over money laundering. | Mongolia's investment prospects dimmed. | The Treasury Department sold its A.I.G. shares. | Amgen said it would buy a firm working on gene links to diseases.

A look back on our reporting of the past week's highs and lows in finance.

Sprint Offers $2.1 Billion for Clearwire and Its Spectrum | The telecommunications company would add critical spectrum to its wireless network if the deal went through, but analysts said Sprint might have to spend more than its proffered $2.90 a share, Michael J. de la Merced reported. DealBook '

China Woos Overseas Companies, Looking for Deals | Chinese companies are facing scrutiny, particularly in Washington, as corporate buying trips coincide with a growing assertiveness in Chinese foreign policy, Keith Bradsher and Mr. de la Merced reported. DealBook '

To Add Flights to Heathrow, Delta Buys 49% Stake in Virgin Atlantic | The deal will provide Delta Air Lines with more access to one of the world's busiest hubs, where takeoff and landing rights are limited because of high demand and tight capacity, Jad Mouawad reported. DealBook '

Diageo Ends Talks to Buy Jose Cuervo Line | The breakdown is likely to fuel speculation that Diageo might be interested in the Beam spirits group in the United States, which owns the te quila brand Sauza, Julia Werdigier reported. DealBook '

DealBook Column: Business Between Worlds | Andrew Ross Sorkin says that for all the talk about the uncertainty of fiscal problems and new financial regulations, the fact is that businesses have long operated in uncertain times, capitalizing on the weakness to uncover opportunities. DealBook '

“Policy issues have joined and in many cases overly displaced corporate fundamentals in driving intraday price movements and volatility,” said Mohamed El-Erian, the chief executive and co-chief investment officer at Pimco, one of the largest money managers in the world. “Part of this is warranted, as corporate behavior is being influenced by policy uncertainty in a meaningful manner, be it here, China or in Europe.”

China Insider: For China's ‘Great Renewal,' 8 Trends to Keep an Eye On | Bill Bishop says that 2012 was “one of China's most eventful years. It is hard to imagine that next year will be as exciting, but there will be change.” DealBook '

Mongolia's ‘Blue Sky' Darkens | New regulations in Mongolia could stifle a deal to develop the Oyu Tolgoi mine, the world's biggest new source of copper, and hurt the country's broader economy, William MacNamara reported. DealBook '

Amgen to Buy Firm Working on Gene Links to Diseases | “DeCODE will get a well-financed partner to further its research, while Amgen is hoping to capitalize on the cutting-edge findings,” Andrew Pollack reported. DealBook '

Japanese Companies Help Save Chip Maker | The struggling chip maker Renesas Electronics will receive a $1.8 billion aid package from eight Japanese companies and a government fund, Hiroko Tabuchi reported. DealBook '

Chinese Group Agrees to Buy a Unit of A.I.G. | The transaction is yet another asset sale as A.I.G. continues to sell of nonessential businesses, largely to help pay back its taxpayer-financed rescue, Mr. de la Merced reported. DealBook '

Ingersoll Details a Spinoff and Other Shake-Ups | The company plans to combine its home and commercial security operations and spin off the new entity in about 12 months, Mr. de la Merced reported. DealBook '

Ex-Regulator Will Guide Barclays' Compliance | Hector Sants led the Financial Services Authority, Britain's top regulator, until stepping down in June, Mark Scott reported. DealBook '

Forecasting Wall Street With a Finger in the Wind | The markets are pessimistic for the near term, but could become optimistic if good news arrives, Jeff Sommer reported. DealBook '

Swashbucklers Transformed, and Now Much Tamer | Once castigated as “Barbarians at the Gate” for their brash leveraged buyouts, private equity firms have gradually transformed into staid asset managers with very public profiles, Peter Lattman reported. DealBook '

Yahoo Shakes Up Its Board and Adds PayPal Co-Founder | Yahoo's latest board changes signal its continued push to become a top technology company once more, a strategy it began in July, when it hired Marissa Mayer away from Google to become its new chief executive, Mr. de la Merced reported. DealBook '

Hedge Funds Stride the Stage of World Affairs | With the right idea and enough financial firepower, hedge fund investors can exert significant political and economic influence - even to the point of setting monetary policy, Peter Eavis reported. DealBook '

Man Group Hedge Fund Replaces Its Chief | The company has struggled to stem an outflow of client money since its flagship fund fell short in the third quarter, Ms. Werdigier reported. DealBook '

Bailout Over, U.S. Treasury Plans to Sell A.I.G. Shares | The government will sell its final holdings of the the insurance giant it bailed out in 2008 - and at a profit, Mr. de la Merced reported. DealBook '

Philanthropists Take On Big Problems by Enlisting Capitalists | Deeming the pool of philanthropic assets too small to make a dent in the biggest social problems, an increasing number of philanthropists are enlisting capitalists, Stephanie Strom reported. DealBook '

Wallflowers of Silicon Valley Get Asked to Dance | Technology sectors like mobile security, data analytics and storage companies and mobile payment systems, which previously elicited a shrug, are suddenly finding millions of dollars of investment coming at them, Nicole Perlroth reported. DealBook '

Finding Big Start-Up Ideas, Even in Small Cities | Small cities are now nurturing start-ups by offering business incubators, accelerators and conferences for entrepreneurs, Sarah Max reported. DealBook '

UBS Unit Is Said to Be Close to Guilty Plea in Rate-Rigging Scandal | Under the settlement, a UBS subsidiary in Japan would agree to plead guilty to a criminal charge. The Swiss bank could also face some $1 billion in fines and regulatory sanctions, Mr. Scott and Ben Protess reported. DealBook '

• Rate Inquiry Accelerates With Arrests in London | “American and British authorities are shifting to an aggressive new phase in their broad investigation of interest-rate manipulation as they identify potential criminal targets and complete settlements with some of the world's biggest banks,” Mr. Protess and Mr. Scott reported. DealBook '

After Raid, a Warning of a Drag on Profit | Deutsche Bank said in a conference call with analysts that unexpected costs could “ha ve a significant negative impact on the bank's earnings,” but it did not give details on a raid of the company's headquarters by prosecutors, Jack Ewing reported. DealBook '

• Police Raid Deutsche Bank Offices | After its offices in three German cities were raided, Deutsche Bank said two high-ranking executives were a focus of a tax evasion investigation. DealBook '

Tiger Asia Founder, Onetime Star, Admits to His Fund's Improper Trading | Bill Hwang, once a star at Tiger Management, entered a guilty plea on behalf of his fund, admitting to an improper trading scheme that prosecutors say netted about $17 million in illegal profits, Mr. Lattman reported. DealBook '

The Trade: When Wall Street Investors Favor Performance Over Ethics | Jesse Eisinger of ProPublica says that investors don't seem to mind that another former employee of SAC Capital Advisors has been accused of insider trading, as they continue to put new money into the hedge fund in search of great returns. DealBook '

Deal Professor: In Netflix Case, a Chance to Re-examine Old Rules | Steven M. Davidoff says that the Securities and Exchange Commission's case against the Netflix chief executive, Reed Hastings, over a Facebook post is as an illustration of how the regulator clings to outdated notions of how markets work. DealBook '

< strong>HSBC Agrees to Settle Charges of Illegal Transfers | The multiagency action spanned several years, and addressed violations involving Colombian drug dealers and Sudanese banks, Jessica Silver-Greenberg reported. DealBook '

• HSBC to Pay $1.92 Billion in Money-Laundering Case | “State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world's largest banks and ultimately destabilize the global financial system,” Mr. Protess and Ms. Silver-Greenberg reported. DealBook '

Wall Street Is Bracing for the Dodd-Frank Rules to Kick In | Regulators are putting the finishing touches on a spraw ling regulatory overhaul, leaving lawyers and compliance officials to steer banks through the new era, Mr. Protess reported. DealBook '

• Graphic: Deconstructing Dodd-Frank | While Dodd-Frank is not going away, Wall Street is finding ways to soften the blow. DealBook '

When Looking at Job Numbers, Add In a Changing America | With growth in the American labor force slowing, in part because of demographic changes, the usual measures may not give an accurate picture of the economy's health, Floyd Norris reported. DealBook '

Standard Deduction: Not All Companies Would Welcome a Lower Tax Rate | Victor Fleis cher says that lawmakers on both sides of the aisle have shown an interest in reducing taxes for businesses, but there are many complications. DealBook '

Architect of Wall Street Overhaul Prepares for Life After Politics | Representative Barney Frank, in a Q. and A. with Mr. Protess, says getting the Dodd-Frank Act passed was his hardest-fought battle in more than 30 years in Congress. DealBook '

3 Unorthodox Ways to Solve Europe's Debt Crisis | Solutions to Europe's sovereign debt crisis are mostly tried and true. Mr. Eavis offers three plans that aren't bound by the policy makers' current orthodoxy. DealBook '

White Collar Watch: Federal Regulators Stay on the Full-Court Press | Peter J. Henning says to expect prosecutors, aided by a steady stream of whistle-blowers, to focus on violations that involve hedge funds and foreign bribery. DealBook '

In Euro Zone, Challenging London as the Continent's Financial Capital | Proposals aimed at shifting power from the British capital to rivals like Frankfurt and Paris reflect growing displeasure among euro zone politicians that so much trading in the euro is done in a country that does not use the currency, Mr. Scott reported. DealBook '

A Cooperative Approach on ‘Too Big to Fail' Banks | Regulators in the United States and Britain are cooperating on measures that might be used to seize an ailing financial company with global business, Mr. Eavis reported. DealBook '

Defense Quickly, and Unexpectedly, Rests Its Case in an Insider Trading Trial | The decision by lawyers for Anthony Chiasson and Todd Newman was probably aimed at signaling to the jury that prosecutors had not proved their case, Mr. Lattman reported. DealBook '

We've got two song dedications this week for Paul Krugman, an Op-Ed columnist and panelist at DealBook's inaugural conference. One of these songs is by a group that Mr. Krugman knows very well and another is by a singer that he is still chasing on Twitter.

An audience member at “DealBook: Opportunities for Tomorrow” said that seeing Mr. Krugman was like being a 13-year-old at a Justin Bieber concert.