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$600 million evaporates in MF Global's final days
Markets operator CME Group said a week before the MF Global bankruptcy clients' funds were there, but on Monday they were gone. NEW YORK (CNNMoney) -- The $633 million that allegedly disappeared
Updated: 11/03/2011 04:23P
Morgan Keegan unit of Regions Financial getting lower bids, Bloomberg reports
By Russell Hubbard -- The Birmingham News BIRMINGHAM, Alabama -- The Morgan Keegan brokerage unit of Regions Financial Corp. is fetching lower bids in the wake of the massive bankruptcy of MF Global Holdings Ltd., Bloomberg News reported today.
Updated: 11/03/2011 04:19P
America's Eight Worst-Performing Retail Chains
The situation is so grim that Syms will shutter all 46 locations, and 2500 employees will lose their jobs. The company, founded in 1959, was once an important discount retailer. According to the company, it has been suffering from competition as sales
Updated: 11/03/2011 04:18P
MF Global Trustee Wants Subpoena Power
A trustee overseeing the liquidation of MF Global Holdings Ltd.'s brokerage business asked a bankruptcy court for permission to issue subpoenas in an investigation of the failed company. The Securities Investor Protection Corp. this week
Updated: 11/03/2011 04:11P
Madoff Trustee Sues BNP Paribas Unit To Recover Nearly $1 Billion
The trustee in charge of recovering money for victims of the Bernard Madoff fraud has filed a lawsuit to take back nearly a billion dollars from an affiliate of French banking giant BNP Paribas SA (BNP
Updated: 11/03/2011 04:10P
MF Global Holdings Ltd. (MFGLQ); Regulators Hunt for Missing Customer Money
Three days after New York City-based broker/dealer, MF Global Holdings Ltd. (PINK: MFGLQ) filed for bankruptcy, regulators in the US are launching a review of the company's business practices as they continue to hunt for more than
Updated: 11/03/2011 04:10P
MF Global Trustee Aims to Transfer Accounts Before Weekend
EMC Master Fund Ltd., an MF Global customer based in the Cayman Islands, had asked US Bankruptcy Judge Martin Glenn for permission to move an MF Global account to Peregrine Financial Group Inc., saying any delay might cause the fund “increased harm and
Updated: 11/03/2011 03:55P
Corzine's MF Global wasn't forthcoming with fund details, regulator says
Jon Corzine that filed for bankruptcy on Monday, wasn't forthcoming when regulators sought information on customers' funds last weekend, according to Gary Gensler, the chairman of the US Commodity Futures Trading Commission. “Our people went in to say,
Updated: 11/03/2011 03:39P
Subcommittee subpoenas White House documents on Solyndra
The vote, which authorizes the committee chairman to issue a subpoena to the White House, marks a culmination of months of inquiries by Republicans into Solyndra, an investigation that began before the company declared bankruptcy at the end of August.
Updated: 11/03/2011 03:34P
Corzine and risk have always gone hand in hand
MF Global was in court Tuesday, asking a judge to allow it to borrow $8 million to finance the bankruptcy. By that night, the FBI and federal prosecutors had gotten involved. "There is no question about his integrity," said Sen.
Updated: 11/03/2011 03:32P
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