Wall Street

3:35pm

Mon April 16, 2012
All Tech Considered

Another Tech Bubble? Maybe Not

Originally published on Mon April 16, 2012 5:16 pm

1:54am

Thu March 29, 2012
Business

Former MF Global Exec Takes 5th At Hearing

Originally published on Thu March 29, 2012 9:28 am

Former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testified on Capitol Hill in December. On Wednesday, a former executive at the company refused to answer lawmakers' questions about events in the run-up to the firm's collapse.
Susan Walsh AP

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O'Brien would explain the actions of the firm's CEO, ex-New Jersey Gov. Jon Corzine.

Read more

1:25pm

Mon March 26, 2012
The Two-Way

Did Corzine Know Money Transfer Came From Customer Account?

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

On Friday, we reported that former New Jersey Gov. Jon S. Corzine directly ordered $200 million transfered from a segregated customer account to an MF Global account in London, according to a memo from the House Committee on Financial Services.

Read more

4:11pm

Fri March 23, 2012
The Two-Way

Memo: Corzine Ordered MF Global Customer Funds Moved To London Account

Originally published on Fri March 23, 2012 8:50 pm

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

Former New Jersey Gov. Jon S. Corzine directly ordered that $200 million from a segregated customer account be transfered to cover a $175 million overdraft in a London account. That's according to a memo (pdf) from the House Committee on Financial Services, which is scheduled to hold a hearing next week about the spectacular collapse of MF Global.

Read more

2:14pm

Thu March 22, 2012
It's All Politics

Insider Trading Ban Passes Congress, But Some See Missed Opportunity

Originally published on Thu March 22, 2012 5:59 pm

Sen. Chuck Grassley, R-Iowa, shown in August 2011, criticized the STOCK Act that passed Thursday, saying it didn't go far enough.
Brian Ray AP

The Senate passed a bill Thursday to explicitly ban insider trading by members of Congress and the executive branch, and that means the Stop Trading on Congressional Knowledge Act is headed to the president's desk.

But this STOCK Act is quite a bit weaker than earlier versions.

The STOCK Act has been on a glide path ever since an explosive 60 Minutes story last fall highlighted the issue of members of Congress apparently profiting on nonpublic information.

Read more

Pages