Unstructured Finance

UF Weekend Reads

June 9, 2012

Here’s to getting out exclusive stories fast when need be. This week, pay close attention to Jamie Dimon, who will be on the congressional hot seat as he deals with questions over JPM’s $2 billion plus trading loss. And without further ado, here’s Sam Forgione’s weekend reads:

The taxman cometh for MF Global

January 5, 2012

By Matthew Goldstein

You can add the U.S. Internal Revenue Service to the long list of creditors and customers looking to get their money back from MF Global, the failed futures brokerage firm.

MF Global: gross negligence or intent

December 9, 2011

By Matthew Goldstein

There was plenty of theatrics Thursday when Jon Corzine returned to his old stomping ground–Capitol Hill–to offer an apology and a mild defense for the events that led to the collapse of MF Global. But in the end little light was shed on just what happened during those final days of October, as Corzine’s firm spiraled towards bankruptcy and hundreds of millions dollars of supposedly protected customer money went missing.

MF Global a month later and still a mystery

November 27, 2011

By Matthew Goldstein

It’s been about a month since MF Global began spiraling towards bankruptcy and still there’s no clarity about what happened to the missing customer money that was supposed to be kept in untouchable, segregated accounts. It’s not even clear how much money is missing.

MF Global and the rubber check

November 5, 2011

By Matthew Goldstein

With the mystery of the missing $600 million in customer funds at MF Global Financial still unresolved, a lot of customers of the failed futures firm are starting to complain about getting bounced checks.

M & A wrap: The man at war with Olympus

November 1, 2011

Michael Woodford asked too many questions. That’s the reason the 51-year-old Englishman gives for why he lost his job as the first-ever foreign-born CEO at Japanese camera maker Olympus a mere two weeks after he was given the role in early October.

MF Global gets a taste of the Guv

May 20, 2010

MF Global’s new CEO would have had a far harder time slashing costs this way at his last job. As Governor of New Jersey, Jon Corzine faced huge budget deficits, an unwieldy management structure and stagnant income – arguably far worse conditions than exist at the futures and options trading brokerage he is running now.

Morning line-up

September 8, 2009

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

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Fuld says being “dumped on” for Lehman failure – Reuters

MF Global starts Japan brokerage – Bloomberg

Despite UK taxes, funds stay in London – WSJ

US hedge fund locks horns with Chinese tycoons – South China Morning Post

Pushing back against energy speculation limits – Institutional Investor

Job Bank – Oct. 29

October 29, 2008

The following financial services industry appointment was announced on October 29, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.