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When Eliot Spitzer brought his famous case against Wall Street analysts, he initially alleged that 12 banks had skewed their research to win investment banking business. But when he and US regulators unveiled their $1.4bn settlement in April 2003, only 10 banks were included. Regulators excluded Deutsche Bank to look at more evidence. But the 12th, Thomas Weisel Partners, dropped out because it did not like the terms.
By the time these last two settled, in 2004, the media and the public had lost interest. Now, when you search Google for Mr Spitzer’s analysts probe, the first page refers to only 10 banks, and Weisel’s Wikipedia entry does not even mention the issue.
