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Mf Global Collapse

MF Global To Pay Back Customers For Losses

AP | Posted 01.25.2014 | Business

WASHINGTON, D.C. (AP) — MF Global Inc. must pay back $1.21 billion to ensure customers recover their losses sustained when the brokerage firm failed...

The Armageddon Looting Machine: The Looming Mass Destruction From Derivatives

Ellen Brown | Posted 11.18.2013 | Business
Ellen Brown

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system.

Mark Gongloff

No Criminal Charges In Case Against Major Wall Street Firm

HuffingtonPost.com | Mark Gongloff | Posted 06.29.2013 | Business

The collapse of Jon Corzine's brokerage firm MF Global has all the traits of your standard Wall Street scandal: Stupid things being admitted in panick...

CHARGED

Reuters | Posted 06.27.2013 | Business

WASHINGTON (Reuters) - Regulators on Thursday settled charges against MF Global over the futures brokerage's collapse, and also charged former Chief E...

Report: Jon Corzine's 'Risky' Strategy Led To MF Global Collapse

Reuters | Posted 06.04.2013 | Business

* "Failure" of Corzine, others contributed to $2.1 bln in losses * Freeh has prepared lawsuit vs MF Global former executives ...

Eleazar David Melendez

Jon Corzine Avoids Lifetime Trading Ban

HuffingtonPost.com | Eleazar David Melendez | Posted 02.21.2013 | Business

NEW YORK -- A private market regulator refused to ban former MF Global chief Jon Corzine from trading with other people’s money Thursday, rejecting ...

Eleazar David Melendez

Trade Group To Consider Banning Jon Corzine From Trading

HuffingtonPost.com | Eleazar David Melendez | Posted 02.20.2013 | Business

A private regulatory body will consider on Wednesday whether it should ban former New Jersey Gov. Jon Corzine from putting other's people money at ris...

Facebook Loses A Lot Of Friends, And Money

The Huffington Post | Jillian Berman | Posted 08.17.2012 | Business

You may be wondering why 7.5 things felt a little different this week. HuffPostBiz's financial news guru Mark Gongloff is off enjoying some rest and r...

Feds Approve New Rules In Wake Of MF Global, Peregrine Scandals

Reuters | Posted 09.12.2012 | Business

* "Corzine rule" requires top execs to approve withdrawals * Brokers must notify regulators before large withdrawals * M...

Ex-MF Global Executive Under Fire For Sketchy Testimony

Reuters | Posted 08.07.2012 | Business

* CFO Steenkamp said he knew little about missing funds * Trustee report shows Steenkamp closely involved * Email shows ...

MF Global Allegedly Used Accounting Tricks To Comply With Regulations

Posted 08.06.2012 | Business

Ends up MF Global officials used creative accounting tricks to give the appearance of complying with regulations in the lead up to the firm's collapse...

JPMorgan Returns Large Portion Of Lost MF Global Funds

AP | Posted 08.02.2012 | Business

NEW YORK (AP) — JPMorgan Chase has returned about $600 million that was held at the bank when securities firm MF Global Holdings Ltd. failed last fa...

Regulaor: 'Corzine Rule' Will Start 'Restoring Public Confidence'

Reuters | Posted 07.29.2012 | Business

CHICAGO, May 29 (Reuters) - Futures brokers would need to get approval from a top executive before making big withdrawals from customer accounts und...

How Jon Corzine Was Hit By The Housing Crisis

The Huffington Post | Harry Bradford | Posted 05.29.2012 | Business

It seems former MF Global CEO Jon Corzine has been hit by the housing crash. The ex-Governor of New Jersey recently sold his Hoboken penthouse apar...

Corzine Netted Millions From MF Global Before Collapse

Reuters | Posted 05.22.2012 | Business

(Reuters) - Former MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the y...

Missing MF Global Customer Founds All Accounted For

The Huffington Post | Harry Bradford | Posted 04.25.2012 | Business

Jon Corzine might not know where the money is, but somebody certainly does. James Giddens, the trustee overseeing MF Global's liquidation, told th...

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

Reuters | Posted 06.23.2012 | Business

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

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...

MF Global's 10 Highest-Profile Former Clients

Reuters | Posted 05.27.2012 | Business

March 26 (Reuters) - ConocoPhillips, billionaire investor Carl Icahn, Coca Cola, Dominion Resources and giant energy trader Mercuria were among high-p...

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...

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

AP | MARCY GORDON | Posted 05.23.2012 | Business

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 | Business

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 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 ...