NPR logo

Enron Bankers, Federal Regulators Reach Deal

  • Download
  • <iframe src="https://www.npr.org/player/embed/1359895/1359896" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Enron Bankers, Federal Regulators Reach Deal

Business

Enron Bankers, Federal Regulators Reach Deal

Enron Bankers, Federal Regulators Reach Deal

  • Download
  • <iframe src="https://www.npr.org/player/embed/1359895/1359896" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

J.P. Morgan Chase and Citigroup, two of Wall Street's most prominent banking firms, agree to pay $255 million to settle charges they helped Enron disguise loans as revenue. The Securities and Exchange Commission says the banks helped create the "special-purpose entities" Enron used to conceal its debt load. NPR's Jim Zarroli reports.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.