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Soon after taking the reins of MF Global in 2010, Jon S. Corzine visited the Wall Street firm’s Chicago offices for the first time, greeting the brokers, analysts and sales staff there, the New York Times reports.
Clients of MF Global that had the foresight to ask for their money back before the bankruptcy came this close to being made whole.
Jefferies finally seems to be winning the battle against its critics—and the shorts.
Despite negative market rumors, options are "huge" for Jefferies Group, as nearly 40,000 contracts traded on Monday alone.
Wall Street suffered through another brutal selloff Monday, with investors heading for the exits ahead of Thanksgiving as both the U.S. and Europe struggled to deal with their burgeoning debt crises.
Jefferies shares touched a 52-week low today, and if put activity is any indication, options traders see them going even lower.
Stocks rebounded to close near session highs in a volatile session Monday, but gains were limited as investors continued to monitor headlines from the euro zone.
Jefferies dramatically reduced its gross exposure to Europe over the weekend.
Jefferies CEO Rich Handler has at least one prominent supporter — noted banking analyst Meredith Whitney, who said the company is run conservatively and unlikely to get hammered by exposure to European debt.
Traders dove into put options Thursday, buying puts at a 3:1 pace over calls, sending trading volume far above the open interest going into today's session.
What follows is a look at stocks in the S&P 1,500 displaying unusual volume in Thursday's trading session.
Here is a look at some companies that have seen their shares deviate significantly from their 50-day moving averages and have lost more than 50 percent in price year-to-date.
Disclosure Insight Thursday reported that based on data it has received from the Securities and Exchange Commission under the Freedom of Information Act, it appears Jefferies has been involved “in an undisclosed SEC investigation” that goes back to April. It’s unclear what the investigation is about, and Jefferies said it didn’t know about it.
Jefferies has been halted twice Thursday morning. The halts occurred within 10 minutes of each other and highlight a problem with the single stock circuit breakers.
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.
The Vault Banking 50 ranks banks using a weighted formula that reflects the issues bankers care most about. Check out some of the best places to work on Wall Street.
Here's why you should keep a close eye on these six stocks.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.
Banks may have been hit the hardest in Wednesday's sell-off, but one top bank analyst says there are three financials with the potential to pop.