Arab Today, arab today 12 bn missing at failed broker mf global
Last Updated : GMT 23:10:43
Arab Today, arab today
Arab Today, arab today

$1.2 bn missing at failed broker MF Global

Arab Today, arab today

Arab Today, arab today $1.2 bn missing at failed broker MF Global

New York - AFP

Some $1.2 billion appears to be missing from the customer accounts of failed US broker MF Global, the liquidator of the company said Monday. That was about double early estimates of missing client funds when the broker, run by Wall Street high-flyer Jon Corzine, collapsed last month after making huge bad bets on European sovereign debt. Liquidation trustee James Giddens said that so far he had recovered $3.7 billion to be returned to clients since MF Global filed for bankruptcy on October 31. But he said there was an \"apparent shortfall\" in funds that the broker\'s management should have segregated in customer accounts of $1.2 billion \"or more\". According to media reports since the bankruptcy filing, regulators are concerned that MF Global management may have tapped customer accounts for money to shore up the company\'s own finances as worried lenders pulled in credit lines in its final weeks. Last Thursday the Wall Street Journal reported that high-profile federal attorneys in New York and Chicago have issued subpoenas in their investigations into the broker\'s collapse.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 12 bn missing at failed broker mf global Arab Today, arab today 12 bn missing at failed broker mf global

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 12 bn missing at failed broker mf global Arab Today, arab today 12 bn missing at failed broker mf global

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday