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JPMorgan cries foul on MF Global
MF Global CEO Jon Corzine faces objections from JPMorgan Chase about his firm's bankruptcy filing. NEW YORK (CNNMoney) -- JPMorgan Chase, MF Global's largest creditor, cried foul Tuesday about the
Updated: 11/01/2011 01:28P
Scramble to assess impact of MF Global bankruptcy on EU ETS
The impact of the European debt crisis on the carbon market hit a new level on Tuesday following the news that US-based broker-dealer MF Global had filed for bankruptcy the previous day. While market participants were still trying to assess the precise
Updated: 11/01/2011 01:18P
JPMorgan Seeks Lien on All MF Global Assets
MF Global, which filed for bankruptcy with assets of $41 billion, has five operating accounts, all with JPMorgan. The bank may have a lien on the entire balance because of so-called setoff rights related to a credit line to MF Global where it acts and
Updated: 11/01/2011 01:17P
MF Global Bankruptcy Hurts Hedge Funds
Two of MF Global's top investors listed in its bankruptcy filing were Fine Capital Partners with 21.5 million shares and Cadian Capital Management with 10.2 million shares. The firm, led by former New Jersey Governor and Goldman Sachs executive Jon
Updated: 11/01/2011 01:10P
Breakingviews: MF Global exposes regulators as slow learners
Cleaning up Lehman's 2008 collapse slowed significantly when British bankruptcy officials froze Lehman's UK assets, crippling several hedge funds and other creditors. In New York, the bank's cash management system surprisingly delayed paying funds to
Updated: 11/01/2011 01:09P
MF Global IT staff and systems on the block as broker-dealer seeks bankruptcy
Last night, the US broker-dealer filed for Chapter 11 bankruptcy protection, after failed bets on the European sovereign debt market as well as what regulators called a failure to separate its customers' money from its own. MF Global's website still
Updated: 11/01/2011 01:06P
Germans warn of Greek euro exit after referendum gambit
He warned of economic chaos if Greek voters rejected the bailout deal and the country was forced into bankruptcy. "In this situation Greece could exit the euro zone and try, with a weaker currency, to get back on its feet. But this is a long and very
Updated: 11/01/2011 01:04P
MF Global Holdings Filed For Bankruptcy Protection
In what seems to be a 2008 crisis situation all over again, only this time it's caused by Europe, MF Global Holdings Ltd. filed for bankruptcy protection. MF Global Holdings Ltd. is the holding company for the broker dealer run by Jon Corzine,
Updated: 11/01/2011 01:03P
Harrisburg, Penn., can pay creditors -court
HARRISBURG, Pa., Nov 1 (Reuters) - Pennsylvania's capital city of Harrisburg, which filed for bankruptcy protection last month, can keep paying creditors, a judge ruled on Tuesday. US Bankruptcy Court Judge Mary France approved a motion allowing the
Updated: 11/01/2011 01:03P
JPMorgan Seeks Lien on All MF Global Assets to Cover Debt and Credit Lines
MF Global, which filed for bankruptcy with assets of $41 billion, has five operating accounts, all with JPMorgan. The bank may have a lien on the entire balance because of so-called setoff rights related to a credit line to MF Global where it acts and
Updated: 11/01/2011 01:02P
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