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Federal Regulators Investigate Missing Money at MF Global
Instead, the firm was forced to file for bankruptcy. Regulators are now investigating whether MF Global diverted customer funds in order to support its own trades in a last-ditch effort to avoid collapse. However, regulators' inability to locate the
Updated: 11/01/2011 09:04A
Europe crisis haunts stocks
MF Global Holdings Ltd. filed for Chapter 11 bankruptcy protection Monday after the 200-year-old futures brokerage collapsed and failed to find a buyer, the biggest North American fatality of the European debt crisis so far. While the news helped drive
Updated: 11/01/2011 09:03A
CME Says MF Global Didn't Keep Client Funds Separate
The bankruptcy of MF Global has attracted a lot of attention on the internet, for obvious reasons. It seems that its head, former New Jersey Senator and Governor Jon Corzine, was not a popular man with, well, pretty much anyone.
Updated: 11/01/2011 09:03A
Asian Currencies Decline as China's Manufacturing Growth Cools
Asian stocks headed for the first two-day loss in almost a month as US broker MF Global Holdings Ltd. filed for bankruptcy after investing in sovereign debt of some European nations. “We expect declines in regional currencies as markets are likely to
Updated: 11/01/2011 09:00A
MF Global did not separate customer accounts-CME
CHICAGO, Nov 1 (Reuters) - MF Global Holdings Ltd, the futures broker that filed for bankruptcy protection on Monday, failed to keep its customers' accounts separate from the firm's funds, its main exchange regulator said on Tuesday.
Updated: 11/01/2011 09:00A
3 Harsh Lessons We Learned From the MF Global Bankruptcy
The financial company's shares were frozen from trading Monday on news that big losses on risky debt investments had sunk the investment bank and forced it into Chapter 11 bankruptcy protection. Despite a $3 billion IPO, despite a storied pedigree with
Updated: 11/01/2011 08:58A
Referendum "No" could leave Greece bankrupt
LUXEMBOURG (Reuters) - Greece could face bankruptcy if the population ends up voting against the European Union's latest financial aid package in a referendum, the chairman of the Eurogroup countries said on Tuesday.
Updated: 11/01/2011 08:58A
Court shelves suit on bankruptcy of Russian plant
A commercial court has shelved until December 15 an application filed by Port Turayevo to recognize the Serp i Molot metallurgical factory's bankruptcy, the court told the Russian Legal Information Agency (RAPSI). The Serp i Molot metallurgical factory
Updated: 11/01/2011 08:56A
Objections filed to Central Falls contract changes
AP Retired police and firefighters and unions representing municipal employees in Central Falls have filed objections in federal bankruptcy court to a state receiver's plan to change their pensions and contracts. The Providence Journal reports that
Updated: 11/01/2011 08:55A
Holiday Spending Expected to be Up Despite Economic Downturn
By Nevada News Bureau Staff | 6:36 am November 1st, 2011 Despite the state's nation-leading unemployment, foreclosure, and bankruptcy rates, projections in Nevada point to a 6.4 percent increase in holiday spending this year, according to estimates by
Updated: 11/01/2011 08:52A
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