The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of November 28, 2011.
In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.
MF Global a month later and still a mystery
By Matthew Goldstein – Reuters
It’s been about a month since MF Global began spiraling towards bankruptcy and still there’s no clarity about what happened to the missing customer money that was supposed to be kept in untouchable, segregated accounts. It’s not even clear how much money is missing.
Ex-F.B.I. Chief Asked to Oversee MF Global’s Bankruptcy
By MICHAEL J. DE LA MERCED – NY Times
Louis J. Freeh, the former director of the Federal Bureau of Investigation, was asked on Friday to become the trustee for MF Global as it seeks to unwind itself in bankruptcy court.
Wall Street, downsized: From largess to loss
By Max Abelson and Ambereen Choudhury – Washington Post
John Brady, co-head of MF Global’s Chicago office, was having a vodka cocktail at the Ritz-Carlton in Naples, Fla., on the day his company reported its largest-ever quarterly loss. “Wow, the sun just set,” Brady said to his wife and two colleagues attending a conference with him. “I hope it doesn’t set on MF Global.”
MF Global UK clients can seek partial return
By Philip Stafford – Financial Times
Customers of MF Global’s UK arm who have had their funds frozen in the wake of the failure of the US futures broker will be able to apply for a partial return of their funds in two weeks’ time.
Corzine’s return to Congress as disgraced banker
New York Post
One month after the spectacular collapse of Jon Corzine’s MF Global, thousands of investors and millions more decent Americans found something to be thankful for last week when the House Financial Services Committee announced that it has asked the exNew Jersey governor and former MF President Bradley Abelow to…
[Video] CFTC’s Chilton on MF Global Missing Funds
Nov. 25 (Bloomberg) — Bart Chilton, a commissioner at the U.S. Commodity Futures Trading Commission, talks about the CFTC’s search for MF Global Holdings Ltd’s missing customer funds.
In Commodities World, Safe and Secure Sometimes Isn’t
By PAUL SULLIVAN – NY Times
THE scariest thing about MF Global’s bankruptcy four weeks ago is not that a venerable firm led by a former Goldman Sachs chief executive and New Jersey governor collapsed. It is that MF Global’s customers have not yet gotten all their money back. And with the report this week from the court-appointed trustee that as much as $1.2 billion appears to be missing, many customers are worried that they’ll ever see that money again.