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Readers Respond: Is Regulation the Solution?
The lead editorial views MF Global's bankruptcy as a warning—that the financial system is still too vulnerable, and that the work of regulatory reform is not yet finished. Not surprisingly, readers are sharply divided on whether
Updated: 11/02/2011 11:25A
NYSE Delisting MF Global, Stock To Trade Over-the-Counter
MF Global Holdings Ltd (NYSE:MF), which the New York Stock Exchange is delisting after the brokerage's bankruptcy case submission, will initiate trading tomorrow on the over-the- counter location operated by OTC Markets Inc. MF Global shares have not
Updated: 11/02/2011 11:25A
Eurozone debt deal for Greece won't be renegotiated: Germany
Germany has warned that the Eurozone plan to save Greece from bankruptcy is not up for renegotiation. The German warning came, ahead of emergency talks with Greece and France. German Foreign Minister said that what was agreed last week cannot be placed
Updated: 11/02/2011 11:25A
What Happens When a Brokerage Firm Fails?
MF Global filed for Chapter 11 bankruptcy on Monday, after negotiations of a rescue deal with Interactive Brokers Group (IBKR) were terminated, with various media reports that Interactive Brokers got cold feet because client funds were missing.
Updated: 11/02/2011 11:22A
LA Dodgers Up For Sale: Mavericks' Mark Cuban Interested?
The Los Angeles Dodgers are being sold after current owner Frank McCourt, surrounded by financial scandal and publicly shunned by the MLB commissioner, has filed for bankruptcy.
Updated: 11/02/2011 11:22A
FBI To Probe Murky MF Global
The FBI and federal prosecutors will investigate the derivatives and commodities broker, which filed for Chapter 11 bankruptcy Mon. The CME (CME) said MF Global failed to keep client accounts separate from its own funds, a massive breach.
Updated: 11/02/2011 11:21A
Big Month Ends In A Whimper
Stocks sold off on Europe fears, a dollar spike and MF Global's (MF) bankruptcy. The NYSE dived 3.1%. The S&P 500 fell 2.5% and the Nasdaq 1.9%, but both had their best months in years. Trade dipped on the Nasdaq and rose on the NYSE.
Updated: 11/02/2011 11:21A
America's Ticking Bankruptcy Bomb
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Updated: 11/02/2011 11:19A
Syms, Filene Basement File For Bankruptcy, Plan to Liquidate
(SYMS) and subsidiary Filene's Basement LLC filed for bankruptcy protection in Delaware on Wednesday, planning to liquidate operations. It is the third time in a decade Filene's has sought protection under Chapter 11. The company plans to begin
Updated: 11/02/2011 11:11A
Syms, Filene's Basement file for bankruptcy, plan to shut down
ASSOCIATED PRESS | Associated Press SECAUCUS — Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. Syms acquired Filene's Basement out of bankruptcy
Updated: 11/02/2011 11:09A
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