iOS app Android app

Mf Global Holdings

Corzine Could Face Civil Claims

Reuters | Posted 08.04.2012 | Business

NEW YORK, June 4 (Reuters) - The trustee liquidating MF Global Holdings Ltd broker-dealer said on Monday he sees possible civil claims against forme...

MF Global's Insurance Money Could Pay For Corzine's Defense

Reuters | Posted 06.02.2012 | Business

* MF trustee seeking release of $25 mln in insurance funds * Policies cover liability from acts of directors, employees ...

JPMorgan: Corzine Assured Bank It Had Ample Funds To Cover Overdrafts

Reuters | Posted 05.28.2012 | Business

* Corzine spoke with JPMorgan on Oct. 28 -- bank lawyer * JPMorgan says was assured overdrafts could be covered * Bank d...

MF Global Exec To Testify On Missing Customer Funds

Reuters | Posted 05.26.2012 | Business

* General counsel Ferber to testify on Wednesday * Says unaware of irreconcilable shortfall until final hours * Says res...

Corzine Denies Allegations That He Authorized Transfer Of Customer Funds

Reuters | Posted 05.23.2012 | Business

* MF Global employee: Corzine authorized transfer from customer account * Corzine stands by previous testimony * Corzin...

MF Global Transfer Of Astonishing Size Approved In Single Minute

Posted 03.01.2012 | Business

Apparently at MF Global, moving hundreds of millions of dollars around is the type of decision you don't spend too much time on. Five days before ...

MF Global May Just Get Away With It

The Huffington Post | Jillian Berman | Posted 02.29.2012 | Business

It looks like MF Global might just get away with it. That's because prosecutors are having trouble figuring out what exactly "it" is. Even as a Ch...

Why MF Global's Farmer Clients Are Panicking

Reuters | Posted 04.22.2012 | Business

* MF Global trustee puts off mailing key tax forms * Former clients struggle to estimate 2011 earnings * Customers still...

MF Global Collapse Triggers Regulator To Consider Changing Rules

Reuters | Posted 04.02.2012 | Business

* CFTC review of oversight in response to MF Global collapse * Some changes may require rule-making, action from Congress ...

Report: Missing MF Global Funds May Have 'Vaporized'

Posted 01.30.2012 | Business

Jon Corzine still doesn't know where the money is, and it seems nobody else does either. A "significant amount" of the missing $1.2 billion in MF ...

Ex-MF Global CEO Reportedly Shopped For French Mansion During Firm's Collapse

The Huffington Post | Jillian Berman | Posted 01.05.2012 | Business

As MF Global inched towards collapse, CEO Jon Corzine pre-occupied himself with a few other things -- namely securing a chateau for him and his wife i...

MF Global Fallout Fueling Calls For Reforms In One Trading Sector

Posted 12.27.2011 | Business

CHICAGO (Reuters) - Agricultural bankers and other players in the world's grain markets say fallout from the collapse of giant broker MF Global is cha...

MF Global Collapse Puts Spotlight On Clearing Houses

Posted 12.23.2011 | Business

LONDON (Reuters) - The collapse of U.S. futures brokerage MF Global has brought to light inconsistencies in the way clearing houses operate, promptin...

CME Group Dumps Charity in 2012

David Ormsby | Posted 02.20.2012 | Chicago
David Ormsby

In lobbying Illinois lawmakers for tax breaks, CME cited its charitable giving to lawmakers as a talking point in their favor. It was clearly a misleading talking point.

As MF Global Teetered On Collapse, Firm Drew Up Survival Guide

Posted 12.14.2011 | Business

WASHINGTON (Reuters) - Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings down...

Ex-MF Global CEO Says He 'Never Intended' To Break Rules

Posted 12.09.2011 | Business

A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he "never inten...

Corzine Warned About Europe Bets Before MF Global Collapse

Posted 12.06.2011 | Business

A top official within MF Global warned the company's former CEO John Corzine about the firm's growing bet on European bonds -- a risk that likely plun...

MF Global Mixed Customer Accounts, Transferred Funds Abroad

Posted 12.03.2011 | Business

WASHINGTON (Reuters) - Regulators investigating the collapse of MF Global have determined that the firm combined money between securities and futures ...

UK Administrator Recovers Hundreds Of Millions Of MF Global Client Money

Posted 11.29.2011 | Business

MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant...

Futures Industry Reconsiders Customer Bailout After MF Global Disaster

Posted 11.24.2011 | Business

CHICAGO (Ann Saphir) - In November 1986, shaken by traders' losses after a brokerage went bust, the U.S. futures industry considered, and then rejecte...

Judge Approves Payout To MF Global Clients Worth Hundreds Of Millions

Posted 11.17.2011 | Business

The trustee liquidating MF Global Holdings Ltd's (MFGLQ.PK) broker-dealer unit won court permission to distribute $520 million of cash, providing reli...

Lawsuit Alleges MF Global Didn't Give Workers Proper Notice Before Firings

Posted 11.14.2011 | Business

MF Global Holdings Ltd has been sued by former employees who said workers were not given proper notice before the November 11 firing of all 1,066 at i...

Regulators Launching Broad Prove Into MF Global's Huge Loss

Posted 01.04.2012 | Business

U.S. regulators are launching a broad review into the business practices of failed futures brokerage MF Global Holdings Ltd as their hunt continues fo...

MF Global Under Investigation

Posted 01.03.2012 | Business

The Securities and Exchange Commission (SEC) has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion be...

Lessons From MF Global

Jared Bernstein | Posted 01.02.2012 | Business
Jared Bernstein

The unraveling of MF Global provides a stark reminder of why we need to implement the Dodd-Frank financial reform legislation, a policy that every Republican candidate for president has promised to repeal.