Hints and tips:
...He replaced Jon Corzine, the former Goldman Sachs executive who had stepped down from his Senate seat after being elected governor of New Jersey....
...The crowd of 370 included famous Goldman alumni such as US Treasury secretary Hank Paulson, one-time New Jersey governor Jon Corzine and the ex-Trump adviser Gary Cohn, all of whom turned out to mark the...
...Goldman’s last co-CEOs were Jon Corzine and Hank Paulson....
...The trial, which began on Monday and is expected to last another four or five weeks, marks the final piece of major litigation tied to the biggest failure on Wall Street since the Lehman Brothers bust of...
...The case marks another high-profile test for PwC, which has faced a succession of challenges in recent years over its role in high-profile collapses....
...These sorts of positions will be subject to weekly mark to market assessments, which force the company to deliver margin to the bank if the value of the inventory falls and vice versa if it rises....
...(Financial Times) Corzine charged in connection with misuse of customer funds: “A US regulator has filed civil charges against Jon Corzine, former chief executive of MF Global, and Edith O’Brien, its former...
...MF Global’s bankruptcy trustee sued Jon Corzine for unspecified damages....
...“Resolving complex issues with these entities marks a critical milestone in administering the MF Global Inc. estate,” said Mr Giddens....
...(Financial Times) The trustee unwinding MF Global’s brokerage has been permitted to combine his claims with those of individuals suing Jon Corzine....
...By March 2010, soon after the New York Fed’s decision, a joke began to circulate: MF Global won fast-track approval because of two words: Jon Corzine....
...Related links: Prepare for the 3-year LTRO – FT Alphaville The Sarko and Corzine trade – FT Alphaville The carry trade and the goldilocks LTRO – FT Alphaville...
...Howard Marks, the chairman of Oaktree Capital and one of the savviest investors in the world, is fond of referring to the six foot man who drowned in a stream whose average depth was five feet....
...In other words, mark-to-market ought not be a concern....
...Oh, wait… At the top of our list is a column by physicist Mark Buchanan in Bloomberg BusinessWeek. Boo-yah! What is the crime of this physicist?...
...The duo did not get along and Corzine was forced out in a coup involving John Thain and John Thornton....
...Related links: MF Global and echoes of Repo 105 – FT Alphaville European bet triggered MF Global’s demise – FT Did accounting help sink Corzine’s MF Global? – Reuters...
...The WRG acquisition also marks the latest attempt by Jon Corzine – the former Goldman Sachs chairman who this year became MF Global’s chief executive after a decade in US politics – to capitalise on the...
...Related links: Jon Corzine takes the reins at MF Global - FT Alphaville Focus gives Flowers a headache – FT Building societies face fresh wave of mergers – Mark Kleinman / Sky News...
...Related links: Jon Corzine takes the reins at MF Global - FT Alphaville Focus gives Flowers a headache – FT Building societies face fresh mergers – Mark Kleinman/Sky News Globe-trotting dealmaker with his...
...Mr Flowers left the investment bank in 1998 following the ousting of Jon Corzine, a mentor and then Goldman’s head. Mr Corzine is now a Democratic senator from New Jersey....
...But it need not be quite so blatant: even if Mr Paulson’s fund buys comparable assets, Goldman will be able to mark up its own book....
...This year marks the 40th anniversary of the Newark riots, which resulted in 26 deaths and about $10m in property damage. The city’s image has never recovered....
...Mark Meup, New York Richard Edelman: Mark, you should trust our company to deliver this information because we have been in business for 54 years, and we have been doing this study for the past seven years...
...Their designated saviours are either new-economy tycoons (such as Mark Warner, Virginia Senator, or John Corzine, New Jersey governor) or scions of the 19th-century Wasp, that is, white Anglo-Saxon Protestant...
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