Mf Global Holdings Ltd

MF Global's bankruptcy is 7th largest in US corporate history

Jon Corzine stepped down as the Chairman and CEO of MF Global Holdings after his bets on European debt drove the futures brokerage into bankruptcy.

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.

Worried Singapore investors line up at MF Global to salvage doomed investments

Dozens of worried local investors lined up at the MF Global office throughout the day seeking to recoup their money, but all they received was a form to complete after being told no money would be disbursed until liquidators wound down the bankrupt US brokerage.

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.