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Corzine said set to settle MF Global claims

Gavel

Jon Corzine is close to reaching a tentative agreement to resolve a U.S. regulator’s allegations that he failed to properly oversee MF Global Holdings, as the brokerage unit spiraled toward failure almost five years ago, according to a person with knowledge of the matter.

Sorry, say Australia's bank CEOs

Sydney

Australia's big four banks have been in the headlines for all the wrong reasons in the past year, for issues ranging from insurance scandals to accusations of interest rate rigging, and this week, they needed to make mea culpas to a Parliamentary inquiry.

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