Thursday, March 29, 2012

MF Global hearing

  • Who authorized the transfer of millions in customer investments just before the collapse of brokerage firm MF Global? Thats the question no one testifying at a congressional hearing Wednesday afternoon seemed able to answer.
  • (Huffington Post)
  • The latest round of "what happened at MF Global" has just started, and already the sparks are flying. Only the sparks are mostly between Republicans and Democrats, not witnesses and lawmakers.
  • (New York Times)
  • A U.S. House investigations subcommittee ended a third hearing into the collapse of MF Global Holdings Ltd.
  • (Businessweek)
  • Other MF Global witnesses did testify, including the current general counsel, Laurie Ferber, and chief financial officer, Henri Steenkamp, as well as the former North American finance chief, Christine Serwinski.
  • (Marketwatch)
  • MF Global filed for bankruptcy protection Oct. 31. The company failed after a disastrous bet on European debt. Corzine, a former New Jersey governor and U.S.
  • (msnbc.com)
  • WASHINGTON, March 26 (Reuters) - The general counsel of bankrupt futures brokerage MF Global will tell lawmakers she was which is holding its third hearing into the collapse of the firm on Oct.
  • (The Guardian)
  • Representative Randy Neugebauer, a Texas Republican who leads the Financial Services investigations subcommittee, will hold its third hearing on events leading to MF Globals Oct.
  • (San Francisco Gate)
  • Todays session will be the panels third hearing on MF Globals final days, when company executives discovered a nearly $1 billion deficit in customer segregated funds.
  • (San Francisco Gate)
  • A hearing at 2 p.m. ET in front of a subcommittee of the House's Financial Services committee will feature two panels, one with four MF Global executives, another with a J.P. Morgan lawyer. The committee is headed by Rep. Randy Neugebauer (R.
  • (Wall Street Journal)

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