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Amid Europe crisis, dial MF for mayhem
The direct contagion effect from MF Global's bankruptcy doesn't seem to be a big concern. This is hardly a "too big to fail" bank of systemic importance. Or at least that is the early, hopeful view. If so, MF's failure shows that three years after
Updated: 11/01/2011 08:41A
Regulators: 'Possible deficiencies' in customer funds drove MF Global to
Two federal regulators said that financial firm MF Global went into bankruptcy after "possible deficiencies" in customer accounts scuttled an attempt to sell the firm to another company. In a joint statement,
Updated: 11/01/2011 08:40A
The Hunt for MF Global's Missing $700 Million
MF Global, headed by former New Jersey Senator and Goldman Sachs CEO Jon Corzine, filed for bankruptcy yesterday, but reports that $700 million is missing has spooked creditors and others on Wall Street, reports DealBook's Azam Ahmad.
Updated: 11/01/2011 08:40A
MF Global did not separate customer accounts - CME
CHICAGO (Reuters) - MF Global Holdings Ltd, the futures broker that filed for bankruptcy protection on Monday, did not separate its customers' accounts from the firm's funds as required by law, its main exchange regulator said on Tuesday.
Updated: 11/01/2011 08:40A
MF Global Bankruptcy Leaves Star Bankers Adrift Amid Cuts
1 (Bloomberg) -- MF Global Holdings Ltd.'s bankruptcy filing is throwing into question the futures of some of Wall Street's most experienced bankers. Jon Corzine, 64, who helped run Goldman Sachs Group Inc. from 1994 to 1999, added about 800 employees
Updated: 11/01/2011 08:32A
Jefferies Would Like to Say It's Not MF Global
Yesterday as MF Global filed for bankruptcy amid its heavy bet on European government debt, investment bank Jefferies & Co. put out a statement outlining its exposure to MF Global. Today, “in response to questions from investors and
Updated: 11/01/2011 08:30A
MF Global Misplaces $700 Million
Following a story by Louis Bedigian that we published yesterday which reported the fact that MF Global (NYSE: MF) has field for bankruptcy, news has emerged on Tuesday morning that the company has lost $700 million of customer money.
Updated: 11/01/2011 08:30A
Bankruptcies guaranteed as part of Croatia's near future
Croatia has to brace for an avalanche of bankruptcies that loom on the horizon this and next year, expert warns. There were 2500 new bankruptcy cases in the first six months of this year, or 66 per cent more than in the entire last year.
Updated: 11/01/2011 08:28A
Currency Majors Technical Perspective
The EUR/USD continues its unstoppable slide, as risk of a Greek bankruptcy, and doubts about its euro zone membership smash investors' confidence. The EUR/USD hourly chart shows that despite extreme oversold readings, the bearish momentum remains
Updated: 11/01/2011 08:25A
Hedge Fund Losses Millions on MF Global (MF), Sold Some Shares Before Collapse
Hedge fund Cadian Capital sold millions of MF Global (NYSE: MF) shares just before Monday's bankruptcy filing but still lost countless millions on the investment. Data from SEC filings shows that Cadian Capital, a past 10% holder of MF, sold 7464424
Updated: 11/01/2011 08:25A
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