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Treasuries soar
Investors also jumped in to buy bonds to square up positions from overall poor performance in October, while the bankruptcy of futures broker MF Global added to the risk-off trade. "It's the move down in stocks and also one of those 'Who's next?
Updated: 11/01/2011 06:29P
Where Was the CFTC?
This follows a report from futures exchange operator CME that MF Global was not complying with federal rules on segregating client funds. In bankruptcy court yesterday an MF lawyer said "To the best knowledge of management, there is no shortfall" in
Updated: 11/01/2011 06:26P
MF Global missing $700M in clients' money
After not finding a buyer, filing for bankruptcy on Monday, there is news that $700M of client assets is missing. When competing firm, Interactive Brokers, stepped in to shore up MF Global's fund they found a black hole, $700M worth in missing funds.
Updated: 11/01/2011 06:25P
Summary Box: Tribune optimistic it can win bankruptcy judge's approval of
OPTIMISM: Tribune Co. officials believe they can still win a judge's approval to emerge from bankruptcy protection by making changes to their reorganization plan. WHAT SPARKED THIS: A bankruptcy judge on Monday rejected Tribune's plan and a competing
Updated: 11/01/2011 06:20P
4 million borrowers eligible for foreclosure review
More than 4 million borrowers who have faced foreclosure since early 2009 will have the chance to have their cases reviewed for potential wrongdoing, federal regulators and some of the nation's largest mortgage servicers announced Tuesday.
Updated: 11/01/2011 06:19P
Escalating risks hurt US banking shares
US banking stocks suffered another pounding as Greece's high-stakes referendum gamble and futures trader MF Global Holdings Ltd.'s bankruptcy provided a 2008-style reminder that when financial crises threaten to spread their tentacles,
Updated: 11/01/2011 06:17P
Troubled Wall Street firm investigated for shortage of client cash
The broker-dealer firm, and its finance unit, MF Global Finance USA, Monday filed for reorganization under US bankruptcy law after losing its bets on European sovereign debt. The MF Global Holdings bankruptcy was the first large victim on Wall Street
Updated: 11/01/2011 06:16P
FBI interested in regulatory probe of MF Global
MF Global, which filed for bankruptcy protection on Monday, is the biggest US casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in US history. The Wall Street Journal reported on Tuesday that the FBI plans to examine MF
Updated: 11/01/2011 06:16P
Tribune working on revised plan
(AP) - Tribune Co. officials believe they can still win a judge's approval to emerge from bankruptcy protection by making changes to its reorganization plan. The judge on Monday rejected Tribune's current plan, as well a rival plan from dissident
Updated: 11/01/2011 06:15P
MF Global examined for funds misuse
A day after the huge futures broker, run by Wall Street star Jon Corzine, filed for bankruptcy protection, CME chief Craig Donohue appeared to confirm media reports saying the company broke rules in tapping hundreds of millions of dollars in private
Updated: 11/01/2011 06:13P
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