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MF Global bankruptcy - the story so far
Rumours circulate the market that MF Global business is in financial difficulty and the brokerage is in discussions to sell to a rival firm. Rumours that all of MF Global's London staff have been told to leave the office are found to be untrue as
Updated: 11/01/2011 10:22A
After MF Global: Relative Safety And Hedging Costs Of Brokerages
On Monday, the brokerage company MF Global Holdings Ltd. (MF) filed for bankruptcy protection. Its shares had been on a downward slide for most of the year, but started their precipitous decline, as the chart below shows, after October 24th,
Updated: 11/01/2011 10:22A
Former New Jersey Governor's Brokerage Firm Under Investigation After Its Collapse
The former governor of New Jersey, Jon Corzine, may find himself in hot water over his leadership of securities firm MF Global, which filed for bankruptcy protection on Monday. Several derivatives exchanges, including the Chicago Mercantile exchange,
Updated: 11/01/2011 10:22A
Providence Equity funds assert claims on Lehman brokerage
The brokerage denied their claims, saying they were customers of Lehman's European affiliate and not of the US brokerage, according to the Oct. 28 filing in US Bankruptcy Court in Manhattan. According to the funds, Lehman Brothers International
Updated: 11/01/2011 10:18A
MF GLOBAL: Freight investors rush to close positions in wake of default
Freight investors are rushing to close out positions affected by MF Global's bankruptcy, which was announced on Monday, brokers told MB. “General freight clients have been using MF Global as a clearing house,” a European broker told MB.
Updated: 11/01/2011 10:16A
MF Global Failed to Segregate Client Collateral, CME Group Says
1 (Bloomberg) -- MF Global Holdings Ltd., under investigation by US regulators after filing for bankruptcy protection, violated requirements that it keep clients' collateral separate from its own accounts, the head of the world's largest futures
Updated: 11/01/2011 10:15A
Europe crisis claims U.S. firm
MF Global Holdings Ltd., which Corzine has led since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused its business partners to pull back last week, which led to a severe cash crunch,
Updated: 11/01/2011 10:14A
Demler seeks buyer for MF Global's metals unit
MF Global's head of commodities Fred Demler is attempting to find someone to take on the metals unit of the brokerage which entered Chapter 11 bankruptcy protection in the USA on Monday, market sources told MB. Please log in using your online
Updated: 11/01/2011 10:11A
MF Global violated customer cash rules, exchange operator says
Jon Corzine that declared bankruptcy Monday, has violated federal requirements for segregating customer accounts, the operator of the Chicago Mercantile Exchange said today. “CME has determined that MF Global is not in compliance with (Commodity
Updated: 11/01/2011 10:09A
Live: Greece political turmoil
Eurogroup leader Jean-Claude Juncker warns a No vote in a Greek referendum could spell bankruptcy for the country. "It will depend on the manner in which the question will be exactly formulated and on what the Greeks exactly vote on," he says.
Updated: 11/01/2011 10:09A
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