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European Firms At Risk from Greek Bond Exposure, But U.S. Banks Better
New York-based broker-dealer MF Global Holdings recently filed for bankruptcy, reportedly due to the company's significant exposure to sovereign bonds issued by troubled Eurozone members Spain, Italy,
Updated: 11/03/2011 10:08P
The two faces of Jon Corzine
And there's the risk-loving trader with a thirst for profits, who oversaw a USD 6.3 billion bet on European sovereign debt that culminated with Monday's bankruptcy filing of MF Global Holdings. The sudden collapse of MF Global, a futures brokerage firm
Updated: 11/03/2011 09:50P
MLB: Dodgers headed to bankruptcy court auction
Real estate companies may join in, given the land the Dodgers own in Chavez Ravine that potentially could be developed. Massive amounts of bank financing will have to be arranged. "And you've got plenty of FOBs interested in the Dodgers," Ganis said,
Updated: 11/03/2011 09:33P
Rivals move to split MF client base
The effort--spearheaded by CME Group Inc. (CME) after a New York bankruptcy judge approved the action--is an attempt to make progress on unlocking the assets of hundreds of thousands of investors and businesses whose accounts have been largely frozen
Updated: 11/03/2011 09:27P
Rivals move to split MF Global client base
The effort--spearheaded by CME Group Inc. (CME) after a New York bankruptcy judge approved the action--is an attempt to make progress on unlocking the assets of hundreds of thousands of investors and businesses whose accounts have been largely frozen
Updated: 11/03/2011 09:27P
NY Jets quarterback Mark Brunell faces huges debts
Still, his earnings have been lost to a string of poor investments in real estate and restaurants. According to court papers and a report this week from Action Jacksonville News, Brunell invested his fortune into nine businesses and enterprises,
Updated: 11/03/2011 09:19P
MF Global had objected to stricter government regulations
The firm should have been holding about $5.4 billion on behalf of clients, but as of the close of business Tuesday, there was an 11.6 percent shortfall, the CME Group has estimated, according to a government document. MF Global had run afoul of
Updated: 11/03/2011 09:11P
Oversight of Brokers Scrutinized
In the days since that midsize brokerage company filed for bankruptcy, officials at many regulatory agencies have defended their actions, all the while explaining that they had narrow, limited roles. At MF Global, there were at least six different
Updated: 11/03/2011 08:55P
McCourt Divorce Settlement Filed in Court
for control of the couple's most valuable asset, the Dodgers, which ultimately led to Frank McCourt agreeing to settle his long-running feud with Major League Baseball and auctioning off the team to the highest bidder through US Bankruptcy Court.
Updated: 11/03/2011 08:53P
Harrisburg City Council majority blast Sen. Piccola, Republican lawmakers, for
By ERIC VERONIKIS, The Patriot-News The majority of Harrisburg City Council who voted to file a petition for bankruptcy protection blasted state Sen. Jeffrey Piccola, R-Dauphin County, and Republican lawmakers for proposed changes lawmakers are
Updated: 11/03/2011 08:26P
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