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By Daniel P. Collins |
April 6, 2012
Excess funds are placed in segregated accounts for just such a crisis
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By Daniel P. Collins |
March 29, 2012
I bet Christine Serwinski didn’t picture herself testifying before a Congressional committee on March 28, 2012 back when she tendered her resignation as CFO of MF Global Inc. North America on June 27, 2011.
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By Daniel P. Collins |
March 28, 2012
For those holding out hope that the most recent Congressional hearings on the MF Global bankruptcy would clear up some confusion, Wednesday’s hearing before the House Financial Services Oversight and Investigations subcommittee entitled “The Collapse of MF Global: Part 3” was a huge disappointment.
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By Phil Mattingly and Silla Brush, Bloomberg |
March 28, 2012
Edith O’Brien, the MF Global Holdings Ltd. assistant treasurer who has become a key figure in the disappearance of as much as $1.6 billion in customer funds, declined to answer questions from House lawmakers.
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By Phil Mattingly and Silla Brush, Bloomberg |
March 28, 2012
Edith O’Brien, the Chicago-based treasurer of MF Global Holdings Ltd.’s broker-dealer, was pulled from back-office obscurity onto center stage last year in testimony to Congress by former chief executive Jon S. Corzine.
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By Phil Mattingly and Silla Brush, Bloomberg |
March 27, 2012
MF Global Holdings Ltd. General Counsel Laurie Ferber twice resisted providing assurances to JPMorgan Chase & Co. that the company was complying with rules to segregate customers’ collateral.
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By Phil Mattingly and Silla Brush, Bloomberg |
March 24, 2012
Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co., according to a memo written by congressional investigators.
