Seven banks that helped MF Global Holdings Ltd sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse. The lawsuit was filed Friday afternoon in Manhattan federal court against units of Bank of America Corp, Citigroup Inc...

Topics:  mf global holdings ltd   manhattan   bank   america corp   citigroup   sued   collapse   bonds   
BING NEWS:
  • UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
    Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS ...
    04/22/2024 - 8:47 pm | View Link
  • FDIC says it can resolve GSIBs. For the market, seeing is believing.
    The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have ...
    04/22/2024 - 11:28 am | View Link
  • FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
    The Federal Trade Commission said Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time ...
    04/22/2024 - 11:21 am | View Link
  • Cage match
    Well, today we have a cage match, winner take all situation but between mutual funds and exchange traded funds (ETFs). In this corner, weighing in at an expensive 2% management expense ratio (MER), we ...
    04/20/2024 - 3:58 am | View Link
  • Man’s Desmyter on what asset allocators want today
    When clients talk to the world’s biggest listed hedge fund, market complexity, the use of technology and the need for customised solutions loom large in the conversation. Man Group’s president Steven ...
    04/12/2024 - 1:32 am | View Link
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