CME Group

3 Stories

Regulator: Corzine Knew About Client Cash Grab

Corzine disavows any knowledge of transfers

(Newser) - Jon Corzine disavowed all knowledge of MF Global's missing client funds in his latest Capitol Hill testimony yesterday, telling a Senate panel that he had "never directed anyone" to dip into customer funds. But soon after, the chairman of CME Group—MF Global's regulator—testified that Corzine... More »

MF Global's Final Days Look Even Shadier Now

Company may have delayed disclosure of missing funds

(Newser) - MF Global’s client accounts may have come up hundreds of millions of dollars short a full four days before the company filed for bankruptcy—and before it notified regulators or anyone else of the problem, sources tell the Wall Street Journal . When the firm filed for bankruptcy on Oct.... More »

Commodities Markets in Merger Talks

Chicago Mercantile Exchange targets New York counterpart in $11B bid

(Newser) - Owners of the Chicago and New York commodities exchanges are in preliminary talks that could end in an $11 billion merger of the two largest commodities markets in the US, reports the New York Times. NYMEX Holdings shareholders would receive $36 and 0.1323 of a share of CME's common... More »

3 Stories