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Euro crisis shoves US firm MF Global into liquidation
Until he joined, the company was known mainly as a dealer in derivatives, which are investments based on the value of some underlying asset. Corzine wanted to build MF Global into a major investment bank. One method: Trading for the bank's own profit,
Updated: 11/01/2011 09:14A
MF Global Exposes Risk That Volcker Aims to Curb
Nineteen months after former New Jersey Governor Corzine became chairman and chief executive officer, MF Global Holdings Ltd. yesterday filed for bankruptcy. Corzine's decision to boost risk-taking, including a $6.3 billion wager with the firm's own
Updated: 11/01/2011 09:14A
Regulators Probe MF Global Over Missing Millions
When accounts don't add up, “there is a whole range of possibilities, everywhere from an accounting error, to a technical glitch, and, of course, one can't rule out misbehavior as a possibility,” Duffie said. Corzine and Diana Desocio,
Updated: 11/01/2011 09:13A
MF Global being investigated for missing money
Not only was the firm unable to find a buyer to stave off bankruptcy, but now the reason for Interactive Brokers backing out of the deal at the last minute could cause even more panic among investors. According to the Commodities Futures Trading
Updated: 11/01/2011 09:13A
P.M. Kitco Metals Roundup: Comex Gold Ends Down On Sharply Higher U.S. Dollar
The keen market place uncertainty regarding the bankruptcy filing by MF Global Monday morning also limited buying interest in gold and limited trading volumes in many markets. December gold last traded down $21.00 at $1726.00 an ounce.
Updated: 11/01/2011 09:13A
Regulators Probe Corzine's MF Global Over Missing Millions
When accounts don't add up, “there is a whole range of possibilities, everywhere from an accounting error, to a technical glitch, and, of course, one can't rule out misbehavior as a possibility,” Duffie said. Corzine and Diana Desocio,
Updated: 11/01/2011 09:11A
Should student loans be discharged in bankruptcy? Rep. Hansen Clarke explains
Last week, President Obama put forth an initiative that would allow some federal student loan borrowers to lower their payments or consolidate their loans. US Rep. Hansen Clarke (D-Detroit) had been pushing for more attention to the amount of student
Updated: 11/01/2011 09:10A
DOE Deals Another Bad Energy Loan as Beacon Power Files for Bankruptcy
Beacon Power has claimed bankruptcy after receiving government loans as well. Beacon Power, which creates flywheels to store power and increase grid efficiency by preventing blackouts, filed for bankruptcy protection on Sunday.
Updated: 11/01/2011 09:07A
Firm Run by Former Gov. Corzine Files for Bankruptcy Protection
AP WASHINGTON -- MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss. MF Global shares plunged 66
Updated: 11/01/2011 09:06A
Referendum "No" could leave Greece bankrupt: Juncker
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 09:05A
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