Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/MF_Global> ?p ?o }
- MF_Global abstract "MF Global (OTC Pink: MFGLQ), formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc. its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity problems and large fines and penalties dogged MF Global starting in 2008, and led to its bankruptcy in 2011.In February 2008, one of MF Global's commodities traders attempted to trade for his own profit, while the firm's risk management software was turned off; but the trade went badly and resulted in a loss of $141 million for the firm, plus over $10.4 million in fines for risk supervision failure. In March 2008, the stock price plummeted due to fears regarding the liquidity of MF Global among investors, advisers and analysts. In December 2009, a U.S. Commodity Futures Trading Commission order imposed a $10 million civil monetary penalty on MF Global, relating to four separate instances of risk supervision failures between 2003 and 2008.In 2011, MF Global faced major pressures to its liquidity over several months. Some analysts and financial commentators indicate that MF Global probably experienced a number of trading days in 2011 during which the firm's bets on sovereign debt would have required the use of customer funds to meet capital requirements, thereby maintaining operating funds and possibly overall solvency. A large part of these pressures on MF Global were a result of the firm's involvement in a significant number of repurchase agreements. Many of these repo agreements were conducted off their balance sheet. Also, MF Global made a $6.3 billion investment on its own behalf in bonds of some of Europe’s most indebted nations. Failure of those, and other, repo positions contributed to the massive liquidity crisis at the firm.In late October 2011, MF Global experienced a spectacular meltdown of its financial condition, directly caused by improper transfers of over $891 million from customer accounts to a MF broker-dealer account to cover losses created by trading losses.On October 31, 2011, MF Global executives admitted that transfer of $700 million from customer accounts to the broker-dealer and a loan of $175 million in customer funds to MF Global’s U.K. subsidiary to cover (or mask) liquidity shortfalls at the company occurred on October 28, 2011. MF could not repay these monies with its own funds. Improper co-mingling, or mixing, of company and client funds took place for days before the illicit transfer and loans – and perhaps many other days earlier in the year. According the New York Times, "MF Global dipped again and again into customer funds to meet the demands", perhaps beginning as early as August 2011.MF Global declared bankruptcy on October 31, 2011, and faced liquidation beginning in November 2011.According to a trustee liquidating the company after its collapse, the losses incurred by customers of MF Global stood at $1.6 billion because of the debacle as of April 2012. In January 2013, a judge approved a settlement that would return 93 percent of customers' investments, with the prospect of additional payouts from the company's general estate. NYT DealBook called this a "remarkable turnaround" from the initial state of affairs, while noting that it followed "an aggressive campaign by customers to recoup their funds." In 2014, all MF Global customers who had not sold on their debt claims were repaid in full - the amount recovered from the company's general estate covered the value of all the remaining customer investments.In December 2014, MF Global Holdings settled a U.S. government lawsuit, agreeing to pay $1.2 billion in restitution and a $100 million fine for customer losses tied to the company’s 2011 collapse.".
- MF_Global assets "4.246E10".
- MF_Global equity "1.49E9".
- MF_Global extinctionYear "2011".
- MF_Global fate "Filed forChapter 11 bankruptcy. The brokerage unit is undergoingSIPCliquidation.".
- MF_Global foundedBy Man_Group.
- MF_Global foundingYear "2007".
- MF_Global industry Financial_services.
- MF_Global keyPerson Jon_Corzine.
- MF_Global locationCity New_York_City.
- MF_Global locationCountry United_States.
- MF_Global numberOfEmployees "3271".
- MF_Global service Brokerage_firm.
- MF_Global service Contract_for_difference.
- MF_Global service Futures_contract.
- MF_Global service Investing_online.
- MF_Global service Option_(finance).
- MF_Global service Spread_betting.
- MF_Global type Public_company.
- MF_Global wikiPageExternalLink mfglobalfxclearllccreditors.blogspot.com.
- MF_Global wikiPageExternalLink gpo26477.
- MF_Global wikiPageExternalLink gpo34494.
- MF_Global wikiPageExternalLink the-astonishing-collapse-of-mf-global.aspx.
- MF_Global wikiPageExternalLink corzine-blundered-at-mf-global-but-how-2012-11-14.
- MF_Global wikiPageExternalLink corzine-caused-mf-global-failure-house-panel-says-2012-11-14.
- MF_Global wikiPageExternalLink www.mfglobal.com.
- MF_Global wikiPageID "26754704".
- MF_Global wikiPageLength "45888".
- MF_Global wikiPageOutDegree "128".
- MF_Global wikiPageRevisionID "679162246".
- MF_Global wikiPageWikiLink 2007-2012_global_financial_crisis.
- MF_Global wikiPageWikiLink Aon_(company).
- MF_Global wikiPageWikiLink Aon_Corporation.
- MF_Global wikiPageWikiLink Asset_management.
- MF_Global wikiPageWikiLink Bad_debt.
- MF_Global wikiPageWikiLink Bermuda.
- MF_Global wikiPageWikiLink Broker-dealer.
- MF_Global wikiPageWikiLink Brokerage_firm.
- MF_Global wikiPageWikiLink CEO.
- MF_Global wikiPageWikiLink CME_Group.
- MF_Global wikiPageWikiLink Capital_requirement.
- MF_Global wikiPageWikiLink Category:American_companies_established_in_2007.
- MF_Global wikiPageWikiLink Category:Companies_based_in_New_York.
- MF_Global wikiPageWikiLink Category:Companies_delisted_from_the_New_York_Stock_Exchange.
- MF_Global wikiPageWikiLink Category:Companies_disestablished_in_2011.
- MF_Global wikiPageWikiLink Category:Companies_listed_on_the_Pink_Sheets.
- MF_Global wikiPageWikiLink Category:Companies_that_filed_for_Chapter_11_bankruptcy_in_2011.
- MF_Global wikiPageWikiLink Category:Financial_derivative_trading_companies.
- MF_Global wikiPageWikiLink Category:Financial_services_companies_of_the_United_States.
- MF_Global wikiPageWikiLink Category:Primary_dealers.
- MF_Global wikiPageWikiLink Cerberus_Capital.
- MF_Global wikiPageWikiLink Cerberus_Capital_Management.
- MF_Global wikiPageWikiLink Chapter_11.
- MF_Global wikiPageWikiLink Chapter_11,_Title_11,_United_States_Code.
- MF_Global wikiPageWikiLink Chemical_Bank.
- MF_Global wikiPageWikiLink Chicago_2016.
- MF_Global wikiPageWikiLink Chicago_Mercantile_Exchange.
- MF_Global wikiPageWikiLink Chicago_bid_for_the_2016_Summer_Olympics.
- MF_Global wikiPageWikiLink Chief_executive_officer.
- MF_Global wikiPageWikiLink Citibank.
- MF_Global wikiPageWikiLink Citibank_NA.
- MF_Global wikiPageWikiLink Commodity_Futures_Trading_Commission.
- MF_Global wikiPageWikiLink Commodity_exchanges.
- MF_Global wikiPageWikiLink Contract_for_difference.
- MF_Global wikiPageWikiLink Convertible_bond.
- MF_Global wikiPageWikiLink Convertible_bonds.
- MF_Global wikiPageWikiLink Credit_(finance).
- MF_Global wikiPageWikiLink Credit_Suisse.
- MF_Global wikiPageWikiLink David_Gelber.
- MF_Global wikiPageWikiLink David_I._Schamis.
- MF_Global wikiPageWikiLink David_Munro_Anderson.
- MF_Global wikiPageWikiLink David_P._Bolger.
- MF_Global wikiPageWikiLink Deloitte.
- MF_Global wikiPageWikiLink Deloitte_&_Touche.
- MF_Global wikiPageWikiLink Derivative_(finance).
- MF_Global wikiPageWikiLink Edward_L._Goldberg.
- MF_Global wikiPageWikiLink Eileen_S._Fusco.
- MF_Global wikiPageWikiLink European_debt_crisis.
- MF_Global wikiPageWikiLink European_sovereign_debt_crisis.
- MF_Global wikiPageWikiLink Federal_Bureau_of_Investigation.
- MF_Global wikiPageWikiLink Fifth_Amendment_to_the_United_States_Constitution.
- MF_Global wikiPageWikiLink File:MF_Global_logo.svg.
- MF_Global wikiPageWikiLink Financial_crisis_of_2007–08.
- MF_Global wikiPageWikiLink Financial_services.
- MF_Global wikiPageWikiLink Fitch_Group.
- MF_Global wikiPageWikiLink Fitch_Ratings.
- MF_Global wikiPageWikiLink Foreign_exchange_market.
- MF_Global wikiPageWikiLink Futures_contract.
- MF_Global wikiPageWikiLink Futures_exchange.
- MF_Global wikiPageWikiLink Goldman_Sachs.
- MF_Global wikiPageWikiLink Government_debt.
- MF_Global wikiPageWikiLink Governor_of_New_Jersey.
- MF_Global wikiPageWikiLink HSBC.
- MF_Global wikiPageWikiLink Hedge_fund.
- MF_Global wikiPageWikiLink High-yield_debt.
- MF_Global wikiPageWikiLink Hypothecation.
- MF_Global wikiPageWikiLink ICAP_PLC.
- MF_Global wikiPageWikiLink Initial_public_offering.
- MF_Global wikiPageWikiLink IntercontinentalExchange.
- MF_Global wikiPageWikiLink Intercontinental_Exchange.