Mf Global Bankruptcy

JPMorgan Whale Fail And Nine Other Big Bank Disasters

Posted 05.11.2012

Officials at JPMorgan Chase announced Thursday that the bank lost billions of dollars on "egregious" credit trades gone wrong. But the bank was ce...

MF Global Implosion: Congressman Grimm Sends a Message

Janet Tavakoli | Posted 05.03.2012

Janet Tavakoli

MF Global is another glaring example of our hypocrisy and cronyism and lack of will to restore rule of law to our financial system. The perception is that the needle has moved further in the wrong direction.

Renewed Hope That Jon Corzine, President Obama's Top Tier Campaign Bundler, Will Face Criminal Charges

Janet Tavakoli | Posted 05.01.2012

Janet Tavakoli

Even if all of the MF Global money is eventually clawed back and recovered, this remains an impermissible act. People have been denied access to their money, and businesses and reputations have been tarnished. So far, no one has been held accountable.

MF Global Execs May Be Fined, Even Without Evidence They Knowingly Broke Rules

Reuters | Posted 04.24.2012

By Nick Brown NEW YORK, April 23 (Reuters) - The trustee for failed commodities brokerage MF Global Inc plans to tell a Congressional...

MF Global: JPMorgan Produces Smoking Gun

Janet Tavakoli | Posted 04.30.2012

Janet Tavakoli

In my opinion, MF Global former CEO Jon Corzine knew or should have known there was a strong probability that customer funds would be transferred. As it happens, they were.

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

Reuters | Posted 04.03.2012

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

MF Global Exec To Testify On Missing Customer Funds

Reuters | Posted 05.26.2012

* 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

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

Corzine Gave 'Direct Instructions' To Transfer Hundreds Of Millions From Customer Account

AP | MARCY GORDON | Posted 05.23.2012

WASHINGTON — A former MF Global executive appears to contradict testimony from Jon Corzine, saying the former senator and New Jersey governor or...

After Refusing To Appear Voluntarily, MF Global Exec Subpoenaed By Congress

AP | Posted 03.22.2012

WASHINGTON -- A congressional panel has voted to subpoena an MF Global executive to testify about what took place at the brokerage firm before it coll...

MF Global Execs Could Get Bonuses, Because They Just Deserve It So Much

The Huffington Post | Alexander Eichler | Posted 03.09.2012

What do you do after your company implodes and customer money goes missing? You collect a bonus, of course. As many as 23 employees at MF Global, t...

MF Global Transfer Of Astonishing Size Approved In Single Minute

Posted 03.01.2012

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

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

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

Hundreds Of Millions More Dollars Of MF Global's Money Thought Missing

AP | The Associated Press | Posted 04.11.2012

The trustee overseeing MF Global's liquidation said Friday that the shortfall between the funds under his control and the amount customers of the fail...

MF Global Collapse Triggers Regulator To Consider Changing Rules

Reuters | Posted 04.02.2012

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

Investigators Found Most Of MF Global's Missing Money

AP | By DANIEL WAGNER | Posted 04.02.2012

WASHINGTON -- Most of the $1.2 billion reported missing from the failed brokerage MF Global has been traced to customer accounts and banks, people bri...

Report: Investigators Have Found MF Global Missing Money

The New York Times | Ben Protess and Azam Ahmed | Posted 02.01.2012

Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last...

Greek Fury at the EU Suggestion for a Financial Control Board

Frank A. Weil | Posted 04.01.2012

Frank A. Weil

The drama of this century to date plays on with amazing speed and volatility. The Greek government and people, despite more than enough reasons for so...

Report: Missing MF Global Funds May Have 'Vaporized'

Posted 01.30.2012

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 ...

John Celock

Rush Limbaugh Asked To Apologize For 'Greaseball' Remark

HuffingtonPost.com | John Celock | Posted 01.24.2012

An Italian-American advocacy group is slamming Rush Limbaugh for making an on-air ethnic slur in December, now demanding that the conservative talk sh...

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

The Huffington Post | Jillian Berman | Posted 01.05.2012

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...

Judge: MF Global Bankruptcy Trustee Has No Conflict Of Interest

Posted 12.28.2011

The trustee liquidating MF Global's brokerage does not have a conflict of interest stemming from prior work done for one of MF Global's key lende...

MF Global Fallout Fueling Calls For Reforms In One Trading Sector

Posted 12.27.2011

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

MF Global Collapse Puts Spotlight On Clearing Houses

Posted 12.23.2011

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