MF Global

Last week, a memorandum drawn up by the oversight panel of the House Financial Services Committee set off a firestorm surrounding former MF Global CEO Jon Corzine. The memo appeared to indicate that Corzine gave direct orders to transfer money out of a client account in order to cover an overdraft...

CME Group (NASDAQ: CME) is up sharply on higher volume, and has climbed over a point to trade near $235 with unusually heavy volume. The jump in the stock's price follows a downgrade of the investment group last week, when Evercore Partners downgraded the company to "equal-weight." The company's...

Earlier this fall a noted author, Michael Lewis, talked about an interesting investment strategy on CNN's Global Public Square. Lewis discussed his Moneyball book and the theory that people make misjudgments when they rely too much on their eyes instead of numbers and hard data. Lewis mentioned...

A report from J.P. Morgan reiterates its Overweight rating on CME Group (NASDAQ: CME). The report states, “CME announced this evening that it has increased its existing $250mn guarantee to the SIPC trustee to $550mn in order to facilitate and accelerate the return of assets...

But they'd probably settle for watching Corzine squirm like a coward if he takes the Fifth. As the CEO of Typhon Capital Management, James Koutoulas is well aware of the nightmare MF Global has caused. To help some of the victims of the firm's demise, Koutoulas co-founded the Commodity Customer...

Benzinga Radio recently had the opportunity to speak with James Koutoulas about the MF Global missing funds saga. Mr. Koutoulas is the CEO of Typhon Capital Management and recently founded the Commodity Customer Coalition (CCC), which is comprised of over 7,000 customers of MF Global. In his role...

The CEO of Typhon Capital Management is speaking out on the widely-circulated letter from Barnhardt Capital Management's former leader. Ann Barnhardt made quite a splash when she shared her true feelings about MF Global and the closure of her own firm, Barnhardt Capital Management. “The reason...

Former MF Global CEO Jon Corzine's incompetence, and potential criminal conduct, has hurt a lot of people. The futures brokerage declared bankruptcy on October 31, and it has subsequently been disclosed that around $633 million in client funds are missing. Shockingly, Bart Chilton, a commissioner...

Even the most brilliant minds in finance can make terrible mistakes. And when they do, the results are usually as bad as a lame summer blockbuster that ultimately flopped. 3. They Don't Know When to Quit Is there anyone left that believes that MF Global (NYSE: MF) will make a comeback? It's not...

Court records show that the company has now filed for bankruptcy. That's according to a brief Reuters report, which cited a person familiar with the matter. This comes after reports early this morning that the firm was on the verge of filing for bankruptcy. The company has been struggling for...

Think Goldman Sachs is having a bad year? Its former CEO isn't doing too well either. Jon Corzine was once in charge of the always in peril Goldman Sachs (NYSE: GS). Corzine's new company, MF Global (NYSE: MF), may not be fighting the same battles as his former employer, but that doesn't mean that...

FOX Business Network Senior Correspondent Charlie Gasparino reports that “clients are fleeing” MF Global and CEO John Corzine is “running around in a mad dash to sell assets in the firm.” Sources tell Gasparino that “MF Global, at least in its current form, will not survive the weekend.” Excerpts...

Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....

KBW is out with its report today on MF Global (NYSE: MF), maintaining Outperform. In a note to clients, KBW writes, "We caught up with MF's Brad Abelow, Chief Operating Officer, whose team remains zeroed in on transforming MF's earnings power and mix. Senior management sees substantial opportunity...

MF Global's foreign exchange analyst Jessica Hoversen appeared on Bloomberg TV on Wednesday. In her appearance, she predicted a bull-run for the U.S. dollar, picking up major momentum in the fourth quarter. Hoversen based her prediction on surging U.S. economic growth, particularly in the fourth...