Commodity Futures Trading Commission

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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.

C Suisse boss has faith in CFO, JPMorgan fined

Tidjane Thiam

Credit Suisse CEO Tidjane Thiam said he has total confidence in finance chief David Mathers and global markets head Tim O'Hara after large illiquid trading positions pushed the bank to accelerate its cost-cutting plan.

Reuters - JPMorgan to settle disclosure charges

Sec Building

JPMorgan is expected to strike a settlement with U.S. regulators on Friday to resolve charges over failing to disclose that it preferred putting clients into some of its own funds and other proprietary products, according to people familiar with the matter.

MF Global ordered to pay $1.2bn in restitution

Dollars

The New York Federal Court ordered MF Global to pay $1.21 billion in restitution fees, in addition to a $100 penalty, for its unlawful use of customer funds, the Commodity Futures Trading Commission said Wednesday.

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