The Bankers of Enron

Dimitris N. Chorafas

Chapter 9 in Management Risk, 2004, pp 151-170 from Palgrave Macmillan

Abstract: Abstract Among the bankers of Enron, J.P. Morgan Chase and Citigroup came in for much criticism. Both analysts and investors believe that they were the big credit institution losers in the Enron débâcle. J.P. Morgan Chase, for instance, provided a wide array of financial services to the bankrupt entity, which ranged from commodities trading to commercial loans, investment banking advice, and deals such as the prepays. In the wake of Enron’s bankruptcy J.P. Morgan Chase was forced to write down $451 million in the fourth quarter of 2001, while leaving more than $2.5 billion of potential losses on its books.

Keywords: Corporate Governance; Institutional Investor; Credit Institution; Loan Loss; Financial Service Authority (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4810-6_9

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DOI: 10.1057/9781403948106_9

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