The tentative deal would settle a suit by the Commodity Futures Trading Commission over the collapse of MF Global, the New York Times reports.
NEW YORK, Sept 21- Wells Fargo& Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy's financial problems. He smiles, and he's sweet and he's in no way responsible, "said Robert Monks, chairman of ValueEdge Advisors, which advises investors on corporate governance issues. Earlier this month, the lender agreed to pay $190...
NEW YORK, Aug 5- A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit accusing it of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey governor, Jon Corzine. District Judge Victor Marrero in Manhattan said there remained open questions...
NEW YORK, Aug 5- A federal judge has rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit claiming that its bad accounting advice helped cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey governor Jon Corzine. In a decision made public on Friday, U.S. District Judge Victor Marrero in Manhattan...
Blair Effron watched his bank's star rise in a crowded field. His star may rise if Hillary Clinton is elected.
NEW YORK, July 21- Jon Corzine has settled a lawsuit by the trustee for the former New Jersey governor's company MF Global Holdings Ltd, as part of a $132 million accord to end much of the remaining litigation over the brokerage's 2011 collapse. A substantial majority of the payout would be made by insurers on behalf of Corzine and other defendants, including MF...
NEW YORK, July 21- Jon Corzine has reached a settlement with the trustee for the former New Jersey governor's collapsed brokerage MF Global Holdings Ltd, as part of a series of accords expected to provide about $132 million to creditors, according to court papers. The trustee, Nader Tavakoli, on Wednesday night asked a U.S. bankruptcy judge to approve payments...
Former MF Global CEO Jon Corzine is reportedly thinking about launching a hedge fund. The experts disagree on whether he'll succeed.
Discussing who may invest with former New Jersey Governor and former Goldman Sachs executive Jon Corzine, with Andrew Stoltmann, Stoltmann Law Offices, and Scott E.D. Skyrm, Wedbush Securities.
Jon Corzine is considering starting his own hedge fund, the Wall Street Journal reported Sunday on its online edition.
Nearly 26,500 former customers of MF Global Holdings' bankrupt brokerage will recoup all $6.7 billion they are owed, its trustee said.
A judge ordered MF Global to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement.
Former MF Global CEO Jon Corzine lost his bid to dismiss a lawsuit seeking to hold him, colleagues and other banks accountable for the firm's demise.
The move, approved by a bankruptcy court judge, will repay MF Global customers by reallocating funds initially earmarked for non-customer unsecured creditors.
Two years ago MF Global blew up taking down $1.6 billion of customer money. In this "Santelli Exchange Extra," CNBC's Rick Santelli talks with James Koutoulas, the man who successfully led the battle to reclaim those lost funds.
David Meister is planning to step down as head of CFTC enforcement, even as big battles against financial titans have yet to play out.
CNBC's Kate Kelly offers details of the lawsuit against Former MF Global CEO Jon Corzine, and former executive Edith O'Brien; and CFTC Commissioner Bart Chilton, wants to ensure customers that the government is looking out for them.
In a 4-count suit, the CFTC has charged former MF Global CEO Jon Corzine and former MF Global executive Edith O'Brien, reports CNBC's Kate Kelly.
CNBC's Kate Kelly reports the charges against Jon Corzine will include a failure to supervise, and the charges against the firm include a misuse of funds. Kayla Tausche and John Carney discuss.
Federal regulators are expected to file civil charges against former MF Global chief Jon Corzine for his role in the collapse of the firm, reports CNBC's Kayla Tausche. Thomas Curran, Peckar & Abramson, and Andrew Stoltmann, Stoltmann Law Offices, discuss the case.