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Collapse of brokerage firm isolated case - Bernanke
MF Global filed for Chapter 11 bankruptcy protection on Monday, making it the first major American casualty from the European debt crisis. Mr Bernanke says it appears to be an isolated case. The BBC reports the brokerage has 2000 staff worldwide,
Updated: 11/02/2011 05:20P
MF Global shifted millions last week: US regulator
WASHINGTON: The embattled securities firm MF Global moved millions in missing client funds last week and tried to avoid detection as the company slid toward bankruptcy last week, a regulator said on Wednesday. MF Global, which filed for bankruptcy
Updated: 11/02/2011 05:15P
Gilt City Strikes Deals -- Deals to Watch
Bargain brick and mortar clothes stores Syms (SYMS) and its affiliate discount retail brand Filene's Basement filed for bankruptcy today. For Filene's it was the third bankruptcy in its 100 year history.
Updated: 11/02/2011 05:14P
Investment Banks Shrink
After growing to unprecedented size before the financial crisis and shrinking only slightly during a deep downturn, the global finance industry is undertaking a massive retrenchment. Nomura Holdings Inc. tripled its annual cost-cutting target to $1.2
Updated: 11/02/2011 05:13P
Jon Corzine's Spectacular Fall With MF Global
By The Atlantic Wire In a series of new reports on MF Global's shocking bankruptcy, the firm is placing the blame squarely on CEO Jon Corzine, a superstar of the I-95 corridor who was not only chief executive of Goldman Sachs but also a senator and
Updated: 11/02/2011 05:13P
MF Global bankruptcy 'isolated case': Fed
MF Global filed for bankruptcy earlier this week after confidence in the company was shattered by a string of losses from European public debt holdings. The firm filed for Chapter 11 bankruptcy protection in a New York bankruptcy court on Monday,
Updated: 11/02/2011 05:12P
MF Brokerage Has Customer Shortfall of $600 Million, CFTC Says
At a hearing today in US Bankruptcy Court in Manhattan, MF Global's trustee won permission to transfer 50000 accounts where customers of the failed brokerage have 3 million positions and over $100 million at stake, saying the move will help avoid
Updated: 11/02/2011 05:07P
MF Global customers fume as funds trades frozen
As the initial chaos surrounding the collapse and bankruptcy of one of the commodity market's leading brokers slowly subsided, former customers fumed over the slow and frustrating process of moving their traders over to rival brokers or returning the
Updated: 11/02/2011 05:06P
CME says MF Global customer shortfall of $633 mln
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. On Tuesday, CME said MF Global failed to segregate customer funds from the
Updated: 11/02/2011 05:06P
MF Global customers fume as funds, trades frozen
As the initial chaos surrounding the collapse and bankruptcy of one of the commodity market's leading brokers slowly subsided, former customers fumed over the slow and frustrating process of moving their traders over to rival brokers or returning the
Updated: 11/02/2011 05:05P
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