Enron Banks, SEC Reach Deal 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.
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Enron Bankers, Federal Regulators Reach Deal

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Enron Bankers, Federal Regulators Reach Deal

Enron Bankers, Federal Regulators Reach Deal

Enron Bankers, Federal Regulators Reach Deal

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  • <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.