This week we look at some second, and third round matches in the Wall street edition of March Madness.
As promised, here are completely unscientific results of recent court battles, mergers and financial fights.
A look back on our reporting of the past week’s highs and lows in finance.
FRIDAY
Pleas by ‘Dewey Seven’ Reveal Details on Financial Manipulation | The unsealed pleas of seven former lower-level employees of Dewey & LeBoeuf indicate that they came from much different backgrounds than many of the high-powered lawyers at the once-prominent New York firm. DealBook »
Memphis and Cardinals Partner in Deal to Revitalize Ballpark | The City of Memphis tapped the municipal bond market to finance the $19 million purchase of AutoZone Park, the home of the Memphis Redbirds, a farm team that the St. Louis Cardinals will buy for $15 million. DealBook »
THURSDAY
Failing Stress Test Is Another Stumble for Citigroup | The broader question hanging over Citigroup is one that has dogged it since it was created nearly two decades ago: that the bank may be simply too big to manage. DealBook »
I.P.O. to Cut Ill-Fitting Ad Business From CBS | “Outdoor doesn’t quite fit with us because it’s sales, but not content,†said Leslie Moonves, chief executive of CBS. “The synergies didn’t really exist.†DealBook »
Ex-Finance Director of Failed Law Firm Says Its Chairman Feared Audit | Francis J. Canellas, the former finance chief of the bankrupt law firm, spoke to New York prosecutors after pleading guilty this year to taking part in a scheme to manipulate the firm’s financial statements. DealBook »
A Nasty Corporate Divorce, With Insults Traded on Twitter | The split between Bumi, a London-listed coal company, and its co-founders is turning unpleasant and public, with a war of words hurled across social media. DealBook »
WEDNESDAY
Fed Rejects Citigroup’s Payout Plans, Citing Concerns Over Capital | The Fed’s decision is prompting calls for another round of changes at the top of the bank’s management and questions over whether the bank should break up its far-flung operations. DealBook »
Inheriting a Mortgage Pain | The loans that promised to help older people stay in their homes in retirement are, in some cases, now pushing their children out. DealBook »
Law Firms Are Pressed on Security for Data | Large American corporations are pressing their law firms to increase cyber security to deter hackers from gaining access to confidential information. DealBook »
App Maker Buckles on First Day of Trading | After pricing at a midpoint that still valued the company at $7 billion, the shares of King Digital had a treacherous first day out, spiraling down almost 16 percent. DealBook »
Bank Agrees to Settle Mortgage Lawsuit | The lawsuit arose out of troubled mortgage-backed securities that the bank cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis. DealBook »
Alibaba to Make Movies With Crowdfunding Idea | The Chinese e-commerce giant Alibaba’s most recent push into innovative finance gives investors, for as little as $16, a small role in getting films produced. DealBook »
Britain Gains Renminbi Trading Deal | The agreement by the Bank of England and the People’s Bank of China is the first outside of Asia and a victory for the British government in its efforts to make London a leading Western hub for Chinese trading. DealBook »
TUESDAY
Facebook in $2 Billion Deal for Virtual Reality Company | Facebook sees the future â€" a 3-D virtual world where you feel as if you are hanging out with your friends rather than staring at their pictures. The New York Times »
Heir Apparent Is Leaving JPMorgan Chase | The exit of a top banker shows how how easy it is for powerful private equity firms with less regulatory burdens to poach executives from big banks. DealBook »
For Carlyle, Recruiting an Outsider Is Not Unusual | The company hired Michael J. Cavanagh of JPMorgan Chase to be co-president with Glenn A. Youngkin, continuing a trend of going outside the firm for hiring. DealBook »
I.R.S. Takes a Position on Bitcoin: It’s Property | Some financial experts view the move as a way to push Bitcoin away from the fringes and into the mainstream financial system. DealBook »
King Digital Set to Trade At $22.50, A Midpoint | It will remain to be seen if investors are convinced that the company, valued at more than $7 billion when it starts trading on Wednesday, can come up with new hits. DealBook »
Federal Court Rejects Gupta’s Appeal for New Trial | A federal appeals court found that there was “ample evidence†that Rajat K. Gupta took part in a wider criminal conspiracy. DealBook »
A Start-Up Is Offering an Online Way to Invest in Hollywood | The JOBS Act, which opened up new ways for companies to raise money, will be used by Junction. DealBook »
MONDAY
Jury Decides 5 Employees of Madoff Knew Score | A federal jury in Manhattan has found five associates of the convicted swindler Bernard L. Madoff guilty on 31 counts of aiding one of the largest Ponzi schemes in history. DealBook »
Hurt in Crisis, TPG Pursues Smaller Deals | The private equity firm is taking a new approach, moving beyond the gigantic acquisitions and, instead, looking more at buying minority stakes. DealBook »
DealBook Column: A Question of What’s a Reasonable Reward | A money manager claims Coca-Cola allocated as much as $24 billion toward stock-based rewards for its senior people. DealBook »
In Battle of Billionaires, Icahn Gains Three Seats on the Herbalife Board | The nutritional supplements company Herbalife will nominate three directors proposed by Carl C. Icahn, allowing its biggest shareholder five seats on the board. DealBook »
Under Scrutiny, Top JPMorgan Chase Executive in China to Leave | Fang Fang, the bank’s chief executive for China and a focus of a federal bribery investigation in the United States, announced his desire to retire in an internal memo sent to staff. DealBook »
Having Identified Blogger, Hedge Fund Drops Lawsuit | Having discovered the identity of “Valuable Insights,†David Einhorn, head of Greenlight Capital, considers the matter resolved. The firm did not name the blogger. DealBook »
SUNDAY
Data Firm Actifio Hits $1 Billion Value Mark | Actifio has announce that it raised $100 million in new financing, valuing the entire company at $1 billion. DealBook »
WEEK IN VERSE
‘Warm Water’ | Stressed out, Citigroup? Chill out with the soothing sound of Banks. YouTube »
