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By Michael Hytha and Kit Chellel, Bloomberg |
March 20, 2013
A JPMorgan Chase & Co. unit reached a $100 million settlement with MF Global Inc. liquidators, paving the way for the return of money to creditors and clients of the failed brokerage.
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By Isis Almeida, Bloomberg |
November 13, 2012
Cocoa grinders are increasing output by the most in two years to meet record demand for chocolate, at a time when declining West African supply means the first shortages of beans in three seasons.
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By Kit Chellel, Bloomberg |
November 2, 2012
MF Global Holdings Ltd.’s U.K. administrators won the first round of a dispute with its New York brokerage arm over the value of internal trades used by the company to bet on distressed European sovereign debt.
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By Erik Larson and Lindsay Fortado |
October 16, 2012
According to criminal trial testimony, UBS AG fixed a loophole that former trader Kweku Adoboli allegedly used to conceal unauthorized transactions by giving them long-term settlement dates.
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By Lindsay Fortado, Bloomberg |
October 15, 2012
Tom Naratil, chief financial officer of UBS AG, said the Swiss bank fired as many as 550 employees after it suffered a $2.3 billion loss from unauthorized trading last year.
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By Anne-Sylvaine Chassany, Bloomberg |
September 20, 2012
European banks pledged last year to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they’ve grown only fatter.
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By Jeremy Hodges and Kit Chellel, Bloomberg |
July 24, 2012
The bankruptcy trustee of MF Global Holdings Ltd. is seeking to interview former London employees of the failed broker as it considers lawsuits against the U.K. unit and its staff.
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By Jeremy Hodges, Bloomberg |
June 26, 2012
MF Global Holdings Ltd. Chapter 11 trustee, Louis Freeh, was given the right by a London judge to participate in all U.K. court proceedings involving the failed brokerage.
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By Agnieszka Troszkiewicz, Bloomberg |
June 20, 2012
JPMorgan Chase & Co., the largest U.S. bank, is poised to more than double the value of its investment in London Metal Exchange shares bought seven months ago from the U.K. unit of bankrupt MF Global Holdings Ltd.
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June 6, 2012
The proportion of investment bankers who got no bonuses last year more than doubled to about 14 percent, a poll by executive-search firm Options Group shows.
