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MF Global Fires All Its Employees
MF Global CEO Jon Corzine, whose risky bets on sovereign debt have contributed to the company filling for bankruptcy pro... Read Moretection. MF Global fired its entire workforce Friday a couple of weeks after filing for bankruptcy due to bad
Updated: 11/11/2011 08:09P
Arrow Trucking trustee proposes $2 million payout
That's because Arrow Trucking bankruptcy trustee Patrick J. Malloy III has proposed a second distribution of more than $2 million to pay the remaining court-approved priority wage claims. This includes payment to more than 260 former drivers
Updated: 11/11/2011 08:02P
Insight: MF Global bust erodes trust in brokerages
MF Global revealed to regulators during its October 31 bankruptcy that it was short perhaps $600 million in customer funds - money which the firm was supposed to keep in "segregated" accounts maintained under a raft of laws and regulations.
Updated: 11/11/2011 07:53P
Insight: MF Global bust erodes trust in brokerages (Reuters)
NEW YORK (Reuters) – Almost two weeks after the bankruptcy of commodities firm MF Global, customers at rival firms are all asking the same question: How safe is my money? MF Global's collapse is confronting clients across the industry with the harsh
Updated: 11/11/2011 07:53P
Attorney: MF Global's Underwriters Should Steel Themselves (Again)
MF Global declared bankruptcy late last month after making a $6.3 billion bet gone bad on the short term notes of troubled countries that include Spain, Ireland, and Italy. And though no one has been charged by regulators with wrongdoing at this point,
Updated: 11/11/2011 07:48P
Insight - MF Global bust erodes trust in brokerages
MF Global revealed to regulators during its October 31 bankruptcy that it was short perhaps $600 million (373 million pounds) in customer funds - money which the firm was supposed to keep in "segregated" accounts maintained under a raft of laws and
Updated: 11/11/2011 07:42P
Papademos Sworn In as New Greek Prime Minister
Technocrat Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis and pushed the euro zone to the brink of collapse.
Updated: 11/11/2011 07:40P
KEYC - Mankato News, Weather, Sports -CME offers $300M to help unfreeze MF
CME said its "financial guarantee" would kick in if the trustee found it had distributed more money than allowed in a final accounting of the bankruptcy. It would cover the trustee up to $250 million. Another $50 million would go directly to CME
Updated: 11/11/2011 07:31P
The CME Acts On MF Customer Accounts
The objective is to get the Bankruptcy Trustee to release money owed to former MF customers. From the CME release: "Though CME Clearing does not guarantee FCM-held assets, CME Group is willing to provide a $250 million financial guarantee to the
Updated: 11/11/2011 07:27P
WBOC-TV 16, Delmarvas News Leader, FOX 21 - CME offers $300M to help unfreeze
Entertainment News from AP By CHRISTOPHER LEONARD AP Business Writer NEW YORK (AP) - A futures exchange that handled trades by failed broker MF Global said Friday that it will cover as much as $300 million to help speed the release of funds frozen
Updated: 11/11/2011 07:27P
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