Jon Corzine

MF Global nears asset sale, bankruptcy for holding firm

As per a tentative plan, MF Global's holding company would file for bankruptcy protection and derivatives trader Interactive Brokers would buy the assets.

Corzine resigns from bankrupt MF Global, hires defence lawyer

Friday's resignation is the latest development in a stunning downfall for Corzine, 64, who ran Goldman Sachs & Co in the late 1990s and was subsequently a US senator from New Jersey and governor of that state.

Clients scramble for money after MF Global shock

The New York Times reported that federal regulators had discovered that hundreds of millions of dollars in customer money—supposed to be segregated, and protected from the rest of the business — had gone missing.

Analysis: Preserver Corzine turns destroyer for MF Global?

For Jon Corzine, who was brought in to run MF Global on the recommendation of his former Goldman colleague Christopher Flowers, the past week's events have hit not only his reputation but his wealth.

US brokerage firm MF Global bankrupt, will a domino effect follow?

MF Global appears to be the first major U.S. casualty of Europe's debt crisis, although last week it sought to reassure investors that the investment in European sovereign debt was prudent. It blamed the big loss on weaker-than-expected trading revenue and one-time costs.