Posted by Reuters: Business News on February 6, 2012
NEW YORK (Reuters) – The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
Posted by Reuters: Business News on January 26, 2012
(Reuters) – In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford’s empire for longer than a decade but hesitated to open a full-blown probe.
Posted by Reuters: Business News on January 25, 2012
(Reuters) – Sometimes Maggie Smith worries that she may outlive her savings.
Posted by Reuters: Business News on January 20, 2012
(Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.
Posted by Reuters: Business News on January 12, 2012
NEW YORK/WASHINGTON (Reuters) – The May 2010 “flash crash” was bad for almost everyone involved in the stock market, but for the Securities and Exchange Commission, it was a disaster.
Posted by Reuters: Business News on December 21, 2011
(Reuters) – U.S. commodity markets have shrunk almost 9 percent since MF Global’s collapse as farmers, investors and traders close out positions, according to a Reuters analysis of data that suggests there may be lasting effects from the industry’s most disruptive broker failure.
Posted by Reuters: Business News on December 14, 2011
WASHINGTON (Reuters) – Two weeks after MF Global’s collapse, officials from the Commodity Futures Trading Commission briefed Senate staff on the brokerage firm’s final days. When asked about reports that the brokerage firm had written checks that bounced when customers tried to cash them, the regulators had an admission that surprised the room: they didn’t know about the bad checks.
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Posted by Reuters: Business News on December 11, 2011
BRUSSELS (Reuters) – It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with EU founding members France and Germany and committed to binding their economies ever more tightly.
Posted by Reuters: Business News on
BRUSSELS (Reuters) – It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with EU founding members France and Germany and committed to binding their economies ever more tightly.
Posted by Reuters: Business News on December 7, 2011
YANGON (Reuters) – Just hours after Secretary of State Hillary Clinton left Myanmar last week, property prices began to soar.
