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:
  • Bombs er Bonds, Debacle at Our Doorstep! - Safe Haven
    Please recall that world banks are operating at leverage ratios which make MF Global look PRUDENT.
    07/3/2014 - 10:19 am | View Link
  • Social News Headlines 4/7 - VietNamNet Bridge
    Accordingly, digital technology will be applied on MF/HF/VHF bandwidths ... Global competition seeks talented youth CEL Consulting in partnership
    07/3/2014 - 7:15 am | View Link
  • 7 of 10 MF schemes beat benchmarks over 5 years - Rediff.com
    ... no secular growth in the industry,” said Niranjan Risbood, director -- fund research, Morningstar India, a global investment research firm.
    07/3/2014 - 7:01 am | View Link
  • Some prominent hedge funds hurt by tech are back with gains - Reuters UK
    Some prominent hedge funds hurt by tech are back with gains - Reuters
    07/3/2014 - 6:10 am | View Link
  • Hesperian Capital Management Ltd. Declares Eligible Dividend to ... - Reuters
    Income Growth Class $0.040 per share* for Norrep Global Income Growth ... * Based on the MF or Class A Series, as applicable;
    07/2/2014 - 4:07 am | View Link
  • More
BING NEWS:
  • Corzine, Other Former MF Global Officials Seek Insurance Money
    (c) 2014 Dow Jones & Company, Inc. Jon Corzine and other former MF Global officials are again stepping forward to claim insurance money to fund their defense against litigation tied to the brokerage's collapse. ...
    07/28/2014 - 7:25 am | View Link
  • MF Global Workers Get Class Cert. On Vacation Pay Claims
    Law360, New York (July 18, 2014, 5:31 PM ET) -- The MF Global Inc. trustee failed on Thursday to limit claims for unpaid vacation time owed to workers terminated in the firm’s hectic 2011 collapse when a New York bankruptcy judge ruled that converting ...
    07/18/2014 - 7:30 pm | View Link
  • MF Global sues PwC for "flatly erroneous" advice
    NEW YORK — MF Global Holdings is suing PricewaterhouseCoopers, seeking more than $2 billion from the accounting giant over "flatly erroneous" advice that allegedly contributed to the brokerage's 2011 bankruptcy implosion. The civil action filed Friday in ...
    03/28/2014 - 5:44 pm | View Link
  • PwC is sued for $1 billion over MF Global collapse
    According to a complaint filed in U.S. District Court in Manhattan, PwC committed professional malpractice by offering "flatly erroneous" advice concerning, and approval of, the off-balance-sheet accounting treatment for the debt by MF Global and its then ...
    03/28/2014 - 11:24 am | View Link
  • MF Global Sues PricewaterhouseCoopers Over Its Accounting
    MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe’s most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging accounting malpractice helped bring down the brokerage company.
    03/27/2014 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Home
    MF Global Australia Limited is one of Australasia's permier brokers providing a full range of financial products and services.
    07/26/2014 - 10:03 pm | View Link
  • MF GLOBAL HOLDINGS LTD., et al. Chapter 11 Website
    MF Global Holdings, Ltd. Chapter 11 Website ... Court Docket. United States Bankruptcy Court Southern District of New York
    07/26/2014 - 6:43 pm | View Link
  • 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 ...
    07/26/2014 - 3:44 pm | View Link
  • 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 ...
    07/26/2014 - 2:54 pm | View Link
  • MF Global UK special administration | KPMG | UK
    The latest updates from the special administrators of MF Global UK Limited
    07/25/2014 - 6:23 pm | View Link
  • 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