Money and Finance
- Mf Global Redux As Regulator Says Pfgbest Client Funds Missing
Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest...
- The Last Days Of Mf Global
The collapse of MF Global in October 2011 was a remarkably powerful event: It destroyed the reputation of a famous man; it elevated a firm that no one had ever heard of to infamy; and it shattered public trust in the belief that brokerage customers'...
- Mf Global Client Money Feared Gone
Nearly three months after MF Global Holdings collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation. As the...
- Mf Global And The Great Wall St Re-hypothecation Scandal
An article from Reuters that I’ve seen in a few places and that continues to make its rounds. Calculated Risk also linked to an IMF Paper (“The (sizable) Role of Rehypothecation in the Shadow Banking System”) and a blog post that mentions “The...
- Corzine Forgot Lessons Of Long-term Capital - By Roger Lowenstein
Thirteen years ago, when the hedge fund Long-Term Capital Management was desperately negotiating with Wall Street banks for a bailout, Jon Corzine, the chief executive officer of Goldman Sachs Group Inc. (GS), called John Meriwether, LTCM’s founder,...
Money and Finance
How MF Global's 'missing' $1.5 billion was lost -- and found
Last week a trustee won a court order that will likely lead to a complete recovery of the $1.5 billion shortfall left in customer accounts after Jon Corzine's MF Global crashed and burned in October 2011. So, was the money never really missing in the first place? And is Corzine off the hook?
- Mf Global Redux As Regulator Says Pfgbest Client Funds Missing
Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest...
- The Last Days Of Mf Global
The collapse of MF Global in October 2011 was a remarkably powerful event: It destroyed the reputation of a famous man; it elevated a firm that no one had ever heard of to infamy; and it shattered public trust in the belief that brokerage customers'...
- Mf Global Client Money Feared Gone
Nearly three months after MF Global Holdings collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation. As the...
- Mf Global And The Great Wall St Re-hypothecation Scandal
An article from Reuters that I’ve seen in a few places and that continues to make its rounds. Calculated Risk also linked to an IMF Paper (“The (sizable) Role of Rehypothecation in the Shadow Banking System”) and a blog post that mentions “The...
- Corzine Forgot Lessons Of Long-term Capital - By Roger Lowenstein
Thirteen years ago, when the hedge fund Long-Term Capital Management was desperately negotiating with Wall Street banks for a bailout, Jon Corzine, the chief executive officer of Goldman Sachs Group Inc. (GS), called John Meriwether, LTCM’s founder,...