Regulator in New York sets tough bank fine. | Regulators are divided regarding consultants. | Consultants may face tighter rein from Albany. | Headhunter for the rich turned on them, says Andrew Ross Sorkin.
A look back on our reporting of the past week’s highs and lows in finance.
Sprint Beats Dish’s Latest Bid for Clearwire | Sprint Nextel is hoping to end the fight for an embattled wireless network operator that nonetheless has become the object of a bidding war. DealBook »
- Dish Network Backs Off Bid to Buy Sprint | The pay-TV provider said that because of new conditions imposed by Sprint Nextel, it would focus on acquiring a stake in Clearwire, a smaller competitor. DealBook »
Deal Professor: Googleâ€s Effort to Skirt Regulation May Invite More Scrutiny | Google may have pushed the boundaries of the law in its Waze deal, but the question is whether the government pushes back, says Steven M. Davidoff. DealBook »
Regulator in New York Sets Tough Bank Fine | The Bank of Tokyo-Mitsubishi UFJ reached a settlement with the top financial regulator for New York State over accusations that it had sent about $100 billion in tainted money through the United States. DealBook »
Britain Prepares to Sell Its Stake in Lloyds and Weighs a Breakup of R.B.S. | Comments by George Osborne, the chancellor of the Exchequer, were the clearest sign yet of the government’s approach to the two bailed-out banks. DealBook »
Weak Bond Trading at Jefferies Prompts Wider Concern | The challenge for Wall Street firms is how to continue to generate fixed-income profits in this environment. DealBook »
Ex-UBS Trader in London Is Charged With Fraud in Libor Case | Tom A.W. Hayes appeared in a court on eight charges of conspiracy to defraud in connection with the London interbank offered rate. DealBook »
- Britain’s Top Fraud Office Aims to Add Bite to Its Bark | The director of the Serious Fraud Office plans to revive the agency’s reputation with a criminal investigation into the rigging of the Libor. DealBook »
DealBook Column: Headhunter for the Rich Turns on Them | A British recruiter who supplies domestic workers has filed lawsuits against the families of some of the most prominent names in finance, says Andrew Ross Sorkin. DealBook »
Private Equity Firm Tied to New York Pension Scandal Raises $7.7 Billion From Investors | Riverstone Holdings said that it raised its largest fund ever, four years after a settlement over its role in a “pay-to-play†pension fund inquiry. DealBook »
Sony Rejects Call to Divide Its Businesses | Kazuo Hirai rebuffed a renewed push by Daniel S. Loeb to break up Sony’s sprawling empire but saying the company’s board would study the ma! tter. DealBook »
Criticism for Lack of Oversight on Bank Advisers | A warning that there was a risk to the economy in the lax oversight of firms that banks hire to help them comply with federal rules. DealBook »
- Regulators Are Divided Regarding Consultants | New York’s chief overseer of financial services is moving to crack down on an industry whose power federal agencies rely on and appear to support. DealBook »
- Consultants May Face Tighter Rein in Albany | New York State’s top financial regulator is said to be preparing to crack down on consultants hired by banks. DealBook »
Ex-Chairman of the F.T.C. Is Set to Join Davis Polk | Jon Leibowitz is the latest among high-ranking government lawyers in Washington to assume a rich position in the private sector. DealBook »
‘Black Skinhead’ | Markets are in turmoil and Benjamin Lawsky is on a tear. What’s a financier to do, but crank up Kanye West and point the Maybach toward the Hamptons. YouTube »
