The daughter of China’s former prime minister used the alias “Lily Chang†while working for JPMorgan Chase. In fairness, we should reveal that DealBook sometimes comments anonymously under the pseudonym of Bargain Literary Work.
A look back on our reporting of the past week’s highs and lows in finance.
FRIDAY, NOV. 15
Jury Finds Pipe Maker Defrauded Governments | The jury’s decision entitles the states and municipalities to be compensated for their losses by the manufacturer, JM Eagle, a private company based in Los Angeles. DealBook »
THURSDAY, NOV. 14
U.S. Investigates Currency Trades By Major Banks | Investigators say groups of traders from several major banks may have influenced currency benchmarks to benefit their employers â€" actions that may not have been illegal but do highlight lax regulation. DealBook »
Chief’s Vision for Big Bank Is Showing Some Success | Morgan Stanley’s stock is up 59 percent this year, reflecting its growing skill at avoiding the sort of squalls that battered it in recent years. DealBook »
Carnegie Mellon to Get a $67 Million Donation | David Tepper’s donation brings his total giving to Carnegie Mellon in the last decade to more than $125 million. DealBook »
Speculation Over the Sale of Artworks From Cohen’s Collection | The answer to the whispered question at art auctions this week â€" “How’s Steve’s stuff selling?†â€" in the wake of the guilty plea by Steven A. Cohen’s hedge fund, SAC Capital Advisors. DealBook »
Virtual Money Draws Notice Of Regulators | New York’s financial services superintendent, Benjamin M. Lawsky, will conduct a hearing on the feasibility of methods making the virtual currency market more like that for more traditional money. DealBook »
High & Low Finance: When a Deal Goes Bad, Blame The Ratings | A suit by the trustee for two Bear Stearns funds contends that managers relied on ratings by the major credit agencies in purchasing risky securities just before the financial crisis, writes Floyd Norris. DealBook »
WEDNESDAY, NOV. 13
Bank’s Fruitful Ties to a Member of China’s Elite | A contract shows that JPMorgan Chase’s relationship with the daughter of China’s former prime minister points to its strategy for building influence in China. DealBook »
After a Prominent Case, a Return to Law | Kramer Levin Naftalis & Frankel is expected to name John P. Coffey, who defended the former Goldman Sachs trader Fabrice Tourre this summer, as chairman of its complex-litigation group. DealBook »
News Analysis: Tax Wizardry Accomplished With an Offbeat Merger | Tax avoidance mechanisms are mostly legal and take advantage of rules written in the days when assets were tangible and difficult to move. DealBook »
TUESDAY, NOV. 12
DealBook Conference: Opportunities for Tomorrow Video and reports from Q. and A. sessions with Valeria Jarrett, Elon Musk, Daniel S. Loeb, David Karp and other executives in finance, innovators in technology and regulators in New York and Washington. DealBook »
Justice Dept. Clears Airlines’ Merger | US Airways and American Airlines reached a settlement with the Justice Department that will allow the two companies to go forward with their merger. DealBook »
Treasury Official Picked for Futures Trading Panel | If approved by the Senate, the senior Treasury official would go from overseeing the end of TARP to policing risky activity on Wall Street. DealBook »
Federal Regulators Unveil Rules on Their Sometime Proxies, Bank Consultants | The Office of the Comptroller of the Currency has adopted rules for how banks employ the groups sometimes called Wall Street’s “shadow regulators.†DealBook »
Back Injury Puts Football Player on I.P.O. Delayed List | Investors will have to wait for Arian Foster, a running back for the Houston Texans, to recover from back surgery to buy shares related to his earnings. DealBook »
Deal Professor: In a Child’s Lemonade Stand, the Transformation of a Corporation | Make a Stand sells fair trade, organic lemonade as a new type of corporate entity, a for-profit company that raises money for social causes, writes Steven M. Davidoff. DealBook »
MONDAY, NOV. 11
3 Ratings Agencies Sued in Bear Stearns Case | Liquidators seeking to recover money for investors in two hedge funds filed the lawsuit on Monday against Standard & Poor’s, Fitch and Moody’s. DealBook »
Injuries to I.P.O. Players Raise Questions on Plan | Fantex, the start-up that is promoting initial public offerings of football stars, had a setback on Sunday when its first two prospects were sidelined because of injuries. DealBook »
DEALBOOK SPECIAL SECTION
Graphic: Where Credit Is Due | Starting from a simple loan, credit markets have featured many innovations as well as costly crises. Track the history of debt from 400 B.C. to today. The New York Times »
DealBook Column: Plan to Finance Philanthropy Shows the Power of a Simple Question | Several ideas about using financial instruments and a for-profit approach in the world of nonprofits are now taking hold, writes Andrew Ross Sorkin. DealBook »
Boardrooms Rethink Tactics to Defang Activist Investors | After trying to ignore shareholder activism, companies are realizing that preparation and engagement can bring better results. DealBook »
The Rush to Coin Virtual Money With Real Value | Bitcoin’s emergence has brought a field of competitors. One payment system, Ripple, serves as a platform for currencies both digital and real. DealBook »
For Better Performance, Hedge Funds Seek the Inner Trader | The industry is increasingly turning to self-help programs, sometimes referred to as “mindware†products, to try to improve its game. DealBook »
Slowing the Revolving Door Between Public and Private Jobs | Countless prosecutors, regulators and congressional aides swap their government résumés for seven-figure salaries at law firms and lobbying shops. DealBook »
For $99, Eliminating the Mystery of Pandora’s Genetic Box | Anne Wojcicki, the co-founder and chief executive of 23andMe, the DNA testing start-up, discusses the future of genetics and health care. DealBook »
Stepping Up With a Plan to Save American Cities | Borrowing an idea from New York’s fiscal crisis, a municipal bankruptcy expert is trying to help troubled communities restructure their pension debts. DealBook »
Strategies: One Answer to the Index Fund: Build a Better Index | Funds based on so-called fundamental indexes try to beat the market by giving value stocks greater weight, writes Jeff Sommer. DealBook »
Another View: Honesty That Benefits All | Doug Steiner, a consultant at a behavioral economics firm, discusses studies that show how minor changes to work practices can have effects on honesty. DealBook »
Deal Professor: The Case Against Too Much Independence on the Board | While crony-filled boards are gone, Steven M. Davidoff argues there is no evidence that a supermajority of independent directors does any better. DealBook »
Private Equity’s Online Courtship | For private equity firms, the process of finding investors may soon be as simple as logging on to a website. DealBook »
Separating the Market-Moving Tweets From the Chaff | Wall Street has recognized the value of Twitter as an investing tool, but a question remains about how best to sift half a billion daily messages to gain an edge on the market. DealBook »
White Collar Watch: Markets Evolve, as Does Financial Fraud | Regulators and investors face the challenge of finding the fine line between permissible trading and market manipulation, writes Peter J. Henning. DealBook »
Life@Work: Powering Employees With More Than a Paycheck | Employers need to look beyond the payroll and invest more generously in employees’ physical, emotional, mental and spiritual needs, writes Tony Schwartz. DealBook »
Rules Force Banks to Innovate for Survival | Despite the industry’s complaints of overbearing regulation, it has responded to a government overhaul by starting to innovate to maintain profits. DealBook »
SUNDAY, NOV. 10
BlackBerry’s Woes Draw Canada’s Contrarian Mogul Into Spotlight | The saving of BlackBerry may represent a patriotic, as well as a personal, calling to V. Prem Watsa, an immigrant success story. But he is not used to dealing in as public an arena as the wounded tech company does. DealBook »
Nitro Circus, Brash Athletic Brand, To Merge With Touring Company | The high-octane entertainment brand will announce that the separate entities that produced the live shows and television programs are becoming one company. DealBook »
WEEK IN VERSE
‘In the Air Tonight’ | From their desks at some of the world’s biggest banks, traders exchanged a series of instant messages that earned them the nickname “the cartel.†YouTube »
‘I Think I Love You’ | JPMorgan Chase’s strategy for accumulating influence in China: Put the relatives of the nation’s ruling elite on the payroll. YouTube »
