iOS app Android app

Mf Global Collapse

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...

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

AP | The Associated Press | Posted 04.11.2012 | Business

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's Ex-Chief Risk Officer: I Warned Corzine

AP | MARCY GORDON | Posted 04.03.2012 | Business

WASHINGTON — A former executive at the collapsed brokerage MF Global testified Thursday that he warned then-CEO Jon Corzine a year before the co...

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 ...

Investigators Found Most Of MF Global's Missing Money

AP | By DANIEL WAGNER | Posted 04.02.2012 | Business

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 | Business

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

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 ...

John Celock

Rush Limbaugh Asked To Apologize For 'Greaseball' Remark

HuffingtonPost.com | John Celock | Posted 01.24.2012 | Politics

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...

Regulator Adopts New Rules In Aim To Prevent Another MF Global-Like Collapse

Reuters | Posted 03.12.2012 | Business

* CFTC finalized next slate of Dodd-Frank rules * Measures include protecting customer collateral, Volcker rule * Gensl...

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 Allegedly Unloaded Assets Onto Goldman Before Collapse

Posted 01.04.2012 | Business

(Lauren Tara LaCapra and Matthew Goldstein) - MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days...

Judge: MF Global Bankruptcy Trustee Has No Conflict Of Interest

Posted 12.28.2011 | Business

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 | 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...

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, prom...

Corzine Meets Madoff

Christopher Brauchli | Posted 02.15.2012 | Business
Christopher Brauchli

A number of people have begun wondering what the difference is between Jon Corzine and Bernie Madoff. The answer is that Mr. Madoff knew exactly where his clients' missing billions of dollars went. Mr. Corzine is still trying to figure that out.

MF Global's Collapse Puts Self-Regulation In Harsh Light

Posted 12.14.2011 | Business

WASHINGTON (Philip Shishkin) - Two weeks after MF Global's collapse, officials from the Commodity Futures Trading Commission briefed Senate staff ...

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 ...

Ex-MF Global CEO Tells Senators He Never Authorized 'Misuse' Of Client Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.12.2012 | Business

WASHINGTON — A financial-exchange executive said Tuesday that Jon Corzine might have known that MF Global tapped clients' money to lend to a Eur...

George Soros Bets On MF Global Europe Bonds

The Huffington Post | Jillian Berman | Posted 12.09.2011 | Business

Safe to say George Soros isn't scared off by a little risk. The billionaire investor bought about $2 billion worth of European bonds formerly owne...

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 i...

Corzine Tells Congress Predecessors To Blame For MF Global Fall

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.07.2012 | Business

WASHINGTON — Summoned by Congress, Jon Corzine embraced a bold strategy Thursday to distance himself from MF Global's fall and $1.2 billion in m...

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...

Regulator OK's Rule Restricting Use Of Clients' Money In Wake Of MF Global Collapse

AP | MARCY GORDON | Posted 02.04.2012 | Business

WASHINGTON — A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action c...

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 futu...