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MF Global lays off more than 1000 employees
The Associated Press NEW YORK — 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 since the firm filed for bankruptcy protection.
Updated: 11/12/2011 12:15A
MF Global fires most of its staff
MF Global Holdings Ltd., the failed New York investment firm, yesterday fired more than 1000 employees as it grappled with bankruptcy and the loss of $600 million in customer funds. MF Global's collapse, the result of bad bets made on European debt,
Updated: 11/12/2011 12:13A
Global MF bust: Can you trust brokerage houses with your money?
In fact, it is revenue from those investments that has allowed the firms to cut their commission rates to attract more business. The practice is codified in US law and regulation, which until 2000 limited use of the funds to basically US Treasury and
Updated: 11/12/2011 12:11A
CME Group offers $300M to help unfreeze MF Global funds
By: 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 since the firm filed for bankruptcy protection. CME Group's announcement that it
Updated: 11/12/2011 12:05A
MF Global bust erodes trust in brokerages
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 truth that while their
Updated: 11/11/2011 11:59P
'Bridge to Nowhere'? MF Global Creditors Seeking Recovery
MF Global Holdings Ltd. creditors looking to recover from the eighth largest bankruptcy in US history may sue the company's advisers, search for assets overseas and seek information from a probe into the commingling of customer accounts at the
Updated: 11/11/2011 11:59P
'Broke' Quinn could be back in business after 12 months
It also means his bankruptcy will only last 12 months -- as opposed to the 12 years he would have been out of business if he had gone through the process here. As well as being freed from his debts far sooner, the Belfast route also allows Mr Quinn
Updated: 11/11/2011 11:56P
UK v Ireland: how bankruptcy differs between the two
By Donal O'Donovan No, he applied for voluntary bankruptcy in Belfast. The money he owes in the Republic, including to Anglo, will all be included in the UK bankruptcy. Sean Quinn is from Fermanagh and has long-standing connections to Northern Ireland.
Updated: 11/11/2011 11:56P
Wessler: Careful, as you berate Penn State
From the depravity of the alleged pedophile Jerry Sandusky to the cowardice in every link of the university's chain of command, moral bankruptcy ruled Joe Paterno's institution. It is not far-fetched to believe what happened at Penn State could happen
Updated: 11/11/2011 11:52P
Reversal of fortuneTale of billionaire who went from rags to riches and back
In 2001 the Quinn Group had to pump fresh capital into Quinn Insurance after the company took a 20m hit on its investment portfolio after gambling on hi-tech stocks during the turn-of-the-century internet bubble. Quinn Group's acquisition of plastics
Updated: 11/11/2011 11:52P
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