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Showing posts with label MF Global. Show all posts
Showing posts with label MF Global. Show all posts
MF Global redux as regulator says PFGBest client funds missing | Reuters
MF Global redux as regulator says PFGBest client funds missing | Reuters: (Reuters) -" Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry."
MF Global trustee sees possible claims vs Corzine | Reuters
MF Global trustee sees possible claims vs Corzine | Reuters: (Reuters) - "The trustee liquidating MF Global Holdings Ltd issued a blistering report on Monday about how former Chief Executive Jon Corzine ran the broker-dealer and said he saw possible civil claims against top executives for breach of duties to customers."
MF Global's Corzine faces new scrutiny on customer accounts | Reuters
MF Global's Corzine faces new scrutiny on customer accounts | Reuters: (Reuters) - "Congressional investigators released details of emails from just before MF Global's (MFGLQ.PK) bankruptcy that renew questions about whether anyone at the failed brokerage authorized the use of customer funds to cover an overdraft in London."
In MF Global, JPMorgan again at center of a financial failure | Reuters
In MF Global, JPMorgan again at center of a financial failure | Reuters: (Reuters) - "In late October, as MF Global Holdings Ltd teetered toward bankruptcy, Jon Corzine phoned his close-knit circle of Wall Street friends for help."
Exclusive: CME Trust's charity grants halt on MF failure | Reuters
Exclusive: CME Trust's charity grants halt on MF failure | Reuters: (Reuters) - "CME Group Inc, which has given $22 million to Chicago-area schools and charities over the past five years, has stopped making grants through its main foundation, citing the collapse of MF Global Holdings Inc."
Morgan Stanley to cut 1,600 jobs | Reuters
Morgan Stanley to cut 1,600 jobs | Reuters
In order to bail out MF Global, JP Morgan sacrificed 1600 employees.
We must also ask ourselves what is the executive pay that JP Morgan's CEO received this year? Because the Guardian revealed CEOs pay hikes of up to 40%.
Now it is obvious why people are on the streets and why it is more and more a middle class as well as a populistic protest.
Judge approves cash for MF Global bankruptcy | Reuters
Judge approves cash for MF Global bankruptcy | Reuters: (Reuters) - "A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd (MFGLQ.PK) to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co(JPM.N), one of its primary lenders."
Jon Corzine says: 'I don't know where the MF Global money went' | Business | The Guardian
Jon Corzine says: 'I don't know where the MF Global money went' | Business | The Guardian: "Former MF Global boss apologises at congressional hearing but dodges questions about what went wrong'
JP Morgan to buy MF Global's London Metals Exchange stake | Reuters
JP Morgan to buy MF Global's London Metals Exchange stake | Reuters: (Reuters) -" J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange (LME) from defunct U.S. brokerage MF Global, two people familiar with the situation said on Tuesday, making it the exchange's largest shareholder."
Insight: Anger rises as MF Global clients see billions frozen | Reuters
Insight: Anger rises as MF Global clients see billions frozen | Reuters: (Reuters) - "Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen."
More than 1,000 MF Global workers let go | Reuters
More than 1,000 MF Global workers let go | Reuters: (Reuters) - "The brokerage arm of collapsed futures firm MF Global Holdings Ltd has terminated its 1,066-member workforce, according to the trustee in charge of liquidating its assets."
Deja vu
Obama campaign may return cash from MF Global's Corzine | Reuters
Obama campaign may return cash from MF Global's Corzine | Reuters: (Reuters) - "President Barack Obama's re-election campaign would return the donations made by embattled MF Global chief Jon Corzine if he were charged with any wrongdoing, a campaign official said on Wednesday."
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