The trustee for the bankruptcy of MF Global filed two documents with the bankruptcy court today to update the Court as to what has been done since the bankruptcy was filed on Oct. 31, 2011.
1/12/12 Letter
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Financials
Unsecured creditors face losses in EU’s plan for failing banks
The European Union will seek to give regulators the power to impose writedowns on senior unsecured creditors at failing banks.
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ETFs
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
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Forex
Euro declines most in 2012 on deepening turmoil in Spain, Greece
The euro had its biggest weekly loss since December against the dollar as Greece’s anti-bailout party gained in the polls.
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Options
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
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