The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of December 29, 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.
Chicago has a problem with missing money
CME Group has a problem that with each passing day hurts the reputation of this important company, which operates the Chicago Mercantile Exchange and Chicago Board of Trade. It’s past time for more aggressive damage control — and for some increasingly obvious reforms.
Judge Rules MF Global Trustee Is Unconflicted
By Jacob Bunge Of DOW JONES NEWSWIRES
A U.S. bankruptcy court judge ruled the trustee handling the liquidation of MF Global Holdings Ltd.’s (MFGLQ) brokerage unit to be unconflicted, despite allegations his past dealings with key players made him unsuitable for the role.
DealBook: MF Global Scrutinized on Money Move
By AZAM AHMED and BEN PROTESS – New York Times
Federal authorities investigating the demise of MF Global think that the firm began improperly moving customer money to a middleman on Oct. 27, according to people briefed on the matter.