The New York Times
Deal Book
July 13, 2012, 4:28 PM
By Eric Owles
Did you hear about the the delayed merger, rate rigging, money laundering and brokerage fraud? You’d need a scorecard to keep track of all the financial industry investigations and accusations that made headlines this week.
Luckily, we’ve created one.
| INQUIRY | PRIMER | PLAYERS | THE STAKES |
|---|---|---|---|
| Airline Merger | A C.E.O. is accused of delaying talks to receive a giant payday. | American Airlines | The fate of the third and fourth-largest airlines in the U.S. |
| Rate Rigging | A global inquiry into how banks set key benchmarks. | More than 10 big banks, including Barclays, JPMorgan and Citigroup. | The pricing of $350 trillion of financial products, including credit cards, mortgages and student loans. |
| Money Laundering | A bank lacked internal controls to prevent activities linked to terrorism and drug deals. | HSBC | Fines of up to $1 billion. |
| Brokerage Fraud | A futures firm and its chief charged with making false statements. | Peregrine Financial | Nearly $200 million missing. |
| Trading Loss | A multibillion-dollar trading loss tied to credit derivatives. | JPMorgan Chase | $5.8 billion lost (and it could grow). |
| Sales Practices | Claims that a bank pushed its own mutual funds over competitors’ investments. | JPMorgan Chase | Regulators are examining the tactics. |
| Coup at Energy Giant | An abrupt leadership change following a merger. | Duke Energy | The status of the nation’s largest electric utility. |
A look back on our reporting of the past week’s highs and lows in finance.
To read the rest of this story, visit http://dealbook.nytimes.com/2012/07/13/week-in-review-tracking-the-investigations-and-accusations/
