Former MF Global Ltd. clients face a further delay in securing their funds and collateral after CME Group Inc. said it had frozen access them until after the close of business on Nov. 8. The Chicago-based exchange operator oversaw the mass transfer of client accounts from the failed brokerage to new clearing partners, a process that was due […]
Months before MF Global teetered on the brink, federal regulators were seeking to rein in the types of risky trades that contributed to the firm’s collapse. But they faced opposition from an influential opponent: Jon S. Corzine, the head of the then little-known brokerage firm. As a former United States senator and a former governor […]
Buyout firms circling Regions Morgan Keegan brokerage unit lowered bids by at least $200 million after financing markets deteriorated and MF Global Holdings Ltd. filed for bankruptcy, according to people with direct knowledge of the process. Thomas H. Lee Partners LP and Jeffrey Greenberg’s Aquiline Capital Partners LLC submitted the highest offer at about $750 million, […]
Investors who purchased MF Global 6.250% Senior Notes due 2016 offered for sale in August of 2011 may wish to seek counsel to understand more about their potential rights. The note offering consisted of $325 million in aggregate principal amount of 6.250% Senior Notes due 2016. Jefferies served as the sole book-running manager for the offering, with BofA […]
A government regulator said in court Wednesday that roughly $600 million is missing from the books of bankrupt brokerage MF Global. “MF Global has discovered a shortfall of segregated accounts of around $600 million,” a lawyer with the Commodity Futures Trading Commission said, adding that this is a preliminary figure that could increase. The FBI […]