Banks pass Fed’s tests; critics say it was easy. | Wall St. ties in a prospect for deputy at the S.E.C. | Senate report said to fault JPMorgan on loss. | Banks find more wrongful foreclosures among military members. | Selling the home brand: a look inside an elite JPMorgan unit.
A look back on our reporting of the past week’s highs and lows in finance.
K.K.R. to Buy Gardner Denver for $3.9 Billion | Kohlberg Kravis Roberts agreed on Friday to buy Gardner Denver for $3.9 billion, ending a sales process of months for the maker of industrial equipment like blowers and compressors, Michael J. de la Merced reported. DealBook »
Icahn Seeks Special Dividend for Shareholders of Dell Inc. | The activist investor is demanding that Dell borrow $8.25 billion to help finance a special dividend of $9 a share, Mr. de la Merced reported. DealBook »
- Icahn Is Said to Oppose a Dell Deal | The investor joins a growing list of opponents to the proposed $24.4 billion deal. DealBook »
Hess to Sell Gas Stations as Part of Strategy Shift | The oil company, in a proxy fight with the hedge fund Elliott Management, said it would shed its retail arm so that it could focus on exploration and production, Mr. de la Merced reported. DealBook »
Pay Tops $1.5 Million for More Than 700 Bankers at British Firms | The disclosures this week will likely add to the growing debate over outsized pay packages among bankers, Julia Werdigier and Mark Scott reported. DealBook »
Record Fine a Drag on HSBC Earnings | Profit fell 17 percent last year at the British bank because of a record fine to settle money laundering charges and changes related to the value of its debt, Ms. Werdigier reported. DealBook »
Selling the Home Brand: A Look Inside an Elite JPMorgan Unit | While financial advisers at other firms are typically free to offer a variety of investments, JPMorgan pressures brokers to sell the bank’s own products, Susanne Craig and Jessica Silver-Greenberg reported. DealBook »
DealBook Column: The Debate Over Guns Now Colors a Buyout Bid | Andrew Ross Sorkin says that a deal for the Outdoor Channel has inspired a heated debate abut whether Mr. Hindery’s backing of Democrats who support stricter gun-control laws would alter programming and scare away advertisers. DealBook »
Deal Professor: In Herbalife ‘Short War,’ Hedge Funds Miss the Target | Steven M. Davidoff says that the debate over Herbalife has been reduced to the level of a junior high school feud as it becomes about hedge fund billionaires trash-talking each other, and no one appears to be doing any actual investigation. DealBook »
Bondholders and Mexico Glass Maker Reach Deal | The Mexican tycoon David Martinez helped Vitro, a big Mexican glass maker, reach a deal with American bondholders after a dispute over repayment, Elisabeth Malkin reported. DealBook »
Buffett Picks His ‘Bear’ for Annual Meeting | Warren E. Buffett invited Doug Kass, a hedge fund manager who has shorted Berkshire Hathaway stock, to the panel of analysts, Peter Lattman reported. DealBook »
Banks Pass Fed’s Tests; Critics Say It Was Easy | The Federal Reserve said its analysis showed that the largest banks would survive the next financial crisis, but some said the central bank was too lenient, Peter Eavis and Ben Protess reported. DealBook »
Bailout Official Is Leaving Post at the Treasury | Matt Pendo, the chief investment officer of the bailout program, is stepping down on Friday. He will be succeeded by Charmian Uy, who joined the department last summer, Mr. de la Mered reported. DealBook »
Wall St. Ties in a Prospect for Deputy at the S.E.C. | As Mary Jo White confronts scrutiny over her ties to big Wall Street firms, a candidate to be her top deputy faces the same concerns, Mr. Lattman and Mr. Protess reported. DealBook »
The Trade: Bank of America Faces a Big Lawsuit With Low Legal Reserves | Jesse Eisinger of ProPublica says that a lawsuit could cost the bank tens of billions more than it had planned, prompting critics to say the bank has not set aside enough for a settlement. DealBook »
Futures Agency’s Leader Is Expected to Remain | Gary Gensler, one of the top regulator! s of Wall! Street, is assuring officials that he plans to remain in the Obama administration through at least December even as he weighs other options, Mr. Protess reported. DealBook »
Senate Report Said to Fault JPMorgan on Loss | A Congressional investigation could revive questions about the role of senior executives in a $6 billion trading loss, Mr. Protess and Ms. Silver-Greenberg reported. DealBook »
Banks Find More Wrongful Foreclosures Among Military Members | The nation’s biggest banks wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from roughly two dozen other borrowers who were current on their mortgage payments, Ms. Silver-Greenberg and Mr. Protess reported. DealBook »
‘ABC’ | The Jackson 5 explains the difficulty of the Fed’s tests: “A B C, easy as one, two, three.†DealBook »
