SAC settles insider trading cases for $614 million. | Senate inquiry faults JPMorgan on trading loss. | Fed faults two big banks over plans for capital. | At hearing, nominee for S.E.C. chief vows to be a tough Wall St. regulator. | Andrew Ross Sorkin on the realities behind prosecuting big banks.
A look back on our reporting of the past week’s highs and lows in finance.
Hostess Sells Twinkies Brand to Investment Firms | The deal, worth $410 million, was struck nearly four months after the last Twinkie rolled off the baking lines. DealBook »
Deal Professor: In Spinoffs, a Chance to Jettison Undesirable Liabilities | Steven M. Davidoff says that spinning off its magazine unit may be a good move for Time Warner, but spinoffs have a dark side, serving as a convenient dumping ground for unwanted businesses. DealBook »
Dell Agrees to Show Financials to Icahn | In exchange, the billionaire â€" who was critical of a deal just last week â€" has agreed to confidentiality, which silences, temporarily at least, the influential investor. DealBook »
UBS Awards $26 Million to Investment Bank Chief | The amount was to compensate the executive for pay he forfeited when he left Bank of America Merrill Lynch. DealBook »
Private Equity Squeezes Out Cash Long After Its Exit | An obscure tax strategy is the latest technique that private equity firms are using to extract money from their companies well after completing an initial public offering. DealBook »
SAC Settles Insider Trading Cases for $614 Million | Two affiliates of the giant hedge fund have settled insider trading cases with the S.E.C., for $614 million, in what the agency said was the biggest ever settlement for such cases. DealBook »
Senate Inquiry Faults JPMorgan on Trading Loss | The findings shed new light on the multibillion-dollar blunder and may foreshadow potential criminal cases against JPMorgan Chase employees. DealBook »
Fed Faults 2 Big Banks Over Plans for Capital | Goldman Sachs and JPMorgan Chase, the Wall Street giants that emerged from the financial crisis in a position of strength, are now facing questions about their bility to withstand future market shocks. DealBook »
Prominent Lawyer Is Accused of Sexual Harassment | A former lawyer at Faruqi & Faruqi filed a lawsuit that accused one of its partners of making improper comments and unwanted sexual advances. DealBook »
Private Equity Firms Fail in Effort to Dismiss Antitrust Case | At the same time, the federal judge suggested that the plaintiffs’ lawsuit was overly broad and had serious flaws. DealBook »
Ex-Pimco Executive Backs Out of Lawsuit | A former high-yield bond portfolio manager at Pimco claimed that he had witnessed multiple instances of ! wrongdoin! g by the firm’s senior management from late 2008 to early 2009. DealBook »
At Hearing, Nominee for S.E.C. Chief Vows to Be a Tough Wall St. Regulator | The Senate Banking Committee is expected to approve the candidate, who provided few details of her plans for the S.E.C. DealBook »
- Nominee to Lead the S.E.C. Vows an ‘Unrelenting’ Fight on Fraud | In written testimony released a day before her Senate confirmation hearing on Tuesday, Mary Jo White said unearthing financial fraud would be a priority. DealBook »
DealBook Column: Realities Behind Prosecuting Big Banks | Andrew oss Sorkin says that recent comments by the attorney general seem to contradict the administration’s view that too-big-to-fail was fixed by the Dodd-Frank financial regulation law. DealBook »
Responding to Financial Crisis, Britain Overhauls Its Regulators | Britain, unlike other economic powers, is responding to the financial crisis by creating two new agencies, one to oversee institutions and another to watch for market abuses. DealBook »
Oppenheimer Settles Accusations of Misleading Investors | The S.E.C. said that Oppenheimer had inflated the value of the largest investment in its fund. The false valuation raised the fund’s internal rate of return. DealBook »
Online Betting Site Intrade Is Shut After Audit Queries | The moves followed concerns raised by the company’s auditors over more than $1.5 million payments to Intrade’s founder, John Delaney, and other unnamed third parties. DealBook »
‘Would I Lie to You’ | What is the perfect song to listen to before you testify before Congress YouTube »
