More Than 1,000 Mf Global Workers Let Go

More than 1,000 MF Global workers let go

NEW YORK (Reuters) - The brokerage arm of collapsed futures firm MF Global Holdings Ltd has terminated its 1,066-member workforce, according to the trustee in charge of liquidating its assets.

RELATED ARTICLES
  • Banks Revive Risky Loans and Mortgages
    Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
  • DealBook: Rising Bank Profits Tempt a Push for Tougher Rules
    Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system. More
  • Court OKs Lehman settlements to free up $15 billion for customers
    A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. More
  • Judge denies $20M severance deal for AMR CEOJudge denies $20M severance deal for AMR CEO
    A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
  • Avon eliminating hundreds of jobs; leaves Ireland
    Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said Monday that the job cuts, which equate to about 1 percent of Avon's 39,100 employees, will occur across all regions and segments. More
ASK NEWS:
  • Nepal demonstrators condemn violent police protest response - Reuters UK
    A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomson Reuters...
    03/2/2015 - 11:22 am | View Link
  • High-Yield Funds to Buy as Near-Term Rate Hike Fea… - Zacks.com
    A strong dollar, global economic weakness and a slump in oil prices ... PIMCO Foreign Bond (USD-Hedged) D ( PFODX - MF report ) seeks high total
    03/2/2015 - 10:58 am | View Link
  • Shorty Awards 2015: Nominees Include Shonda Rhimes, Chris Pratt, ... - Hollywood Reporter
    Green @gogreen18 Marques Brownlee @MKBHD Mental Floss Video @MF_video Rob ... Makers Instant Regret Happy Crying Dads Global Issues Activist Maryam
    03/2/2015 - 10:39 am | View Link
  • India: Union Budget 2015 – Direct Tax - Mondaq
    ... the Government has only drawn more attention by the global investors. ... which encourages consolidation of schemes of Mutual Funds (MF) and in
    03/2/2015 - 10:15 am | View Link
  • Prince William tours the Forbidden City - Reuters UK
    Blue Coast Hotels says chairman and managing director passed away - Reuters
    03/2/2015 - 10:10 am | View Link
  • More
YAHOO NEWS:
  • MLS Season Preview: Sporting Kansas City looks to regain championship form
    After falling apart down the stretch in 2014, Sporting KC is hoping to recapture the form that made it one of the league's best.
    03/2/2015 - 12:22 am | View Link
  • Nippon Life hikes stake in Reliance MF to 35%
    Japan’s Nippon Life Insurance (NLI), the seventh largest life insurer in the world, has completed the acquisition of an additional 9 per cent stake in Reliance Capital Asset Management (RCAM).
    03/1/2015 - 1:08 am | View Link
  • Bottled Water Processing Market Worth $2,106.5 Million by 2019
    DALLAS, February 26, 2015 /PRNewswire/ -- The report, " Bottled Water Processing Market by Equipment (Filter, Bottle washer, Filler, Capper, Blow molder, Shrink wrapper), Technology (RO, UF, MF, Chlorination, ...
    02/26/2015 - 10:30 am | View Link
  • Rapid Growth Hits Industrial Water Treatment Technologies
    How can water technology companies capitalise on the increasing pressing need to treat and manage water in the face of tightening environmental regulations and a squeeze on global water resources? A new report by Global Water Intelligence seeks the answers. (PRWeb February 25, 2015) Read the full story at http://www.prweb.com/releases/2015/02/prweb12539041.htm
    02/25/2015 - 3:27 am | View Link
  • Group of financial institutions settles MF Global suit
    A group of well-known financial institutions settled a lawsuit brought by former MF Global Holdings investors for $74 million.
    02/20/2015 - 12:32 pm | View Link
  • More
BING NEWS:
  • Stalking Jon Corzine
    A testament to that may be how easily he bounced back from his grilling in Congress over the 2011 bankruptcy of MF Global—the eighth-largest bankruptcy in U.S. history—to be welcomed back into society circles. In August, Corzine hosted a “Ready for ...
    03/30/2015 - 5:09 am | View Link
  • House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit Hearing
    As you know, the failures of MF Global Inc. and Peregrine Financial Group resulted in severe and unacceptable consequences for futures customers and the markets generally. The entire industry has been working collaboratively to identify and improve ...
    03/26/2015 - 8:25 am | View Link
  • The Daily Docket: Standard General Wins RadioShack Auction
    For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”) MF Global Inc. wants court approval to pay $461 million owed to its creditors, the second such payment now that it has paid back most of its ...
    03/26/2015 - 4:29 am | View Link
  • MF Global trustee to release $461 million to unsecured creditors
    March 25, 2015 – James W. Giddens, Trustee for the liquidation of MF Global Inc. (MFGI), has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York, Honorable Judge Martin Glenn presiding, seeking approval to make a second ...
    03/25/2015 - 4:01 pm | View Link
  • MF Global Trustee Floats $461M General Creditor Payout
    Law360, New York (March 25, 2015, 4:29 PM ET) -- The trustee winding down MF Global Inc. sought court approval on Wednesday to return $461 million to unsecured creditors of the failed broker-dealer and boost the recovery rate on their allowed claims to ...
    03/25/2015 - 9:34 am | View Link
  • More
BING SEARCH:
  • MF Global Singapore
    MF Global, the Brokerage division, is one of the world's largest futures and options brokers and commands a global presence with offices that include London, Paris ...
    03/29/2015 - 10:16 am | View Website
  • MF GLOBAL HOLDINGS LTD., et al. Chapter 11 Website
    Welcome to the case administration website for the chapter 11 bankruptcy proceedings of the following MF Global entities: MF Global Holdings Ltd. (Case No. 11-15059 ...
    03/29/2015 - 6:42 am | View Website
  • Leading Cash and Derivatives Broker-dealer | MF Global
    MF Global delivers trading and hedging solutions across all major markets for futures and options,commodities,fixed income,equities and foreign exchange.
    03/29/2015 - 12:44 am | View Website
  • MF Global Articles, Photos, and Videos
    The recent scandals at MF Global and Peregrine Financial have resonated deeply in Chicago, where the futures industry matured into a global financial juggernaut.
    03/28/2015 - 9:59 pm | View Website
  • MF Global
    MF Global (OTC Pink), formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm. MF Global provided exchange ...
    03/28/2015 - 12:05 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News