Tag: finances
IRS: Farmers affected by MF Global bankruptcy can avoid tax penalty
WASHINGTON -- The Internal Revenue Service will provide penalty relief to farmers who incur estimated tax penalties because they did not timely receive Forms...
MF Global was not running on vapor
The lead story on the front page of the Jan. 30 Wall Street Journal reported "that a 'significant amount'" of an estimated $1.2 billion in customer money that disappeared when investment bank MF Global Holdings Ltd. collapsed "could have 'vaporized' as a result of chaotic trading ... the week before the company's Oct. 31 bankruptcy filing."
The failure of MF Global leaves CME Group holding the bag...
CHICAGO -- CME Group has taken measures to accelerate the return of substantial customer cash and other assets securely held at CME Clearing, other clearing houses and MF Global custodians following the failure of MF Global Nov. 11.
