All posts tagged "Jon Corzine"

WASHINGTON — Former Wall Street high-flyer and Democratic politician Jon Corzine told US lawmakers Thursday he did not know what happened to an estimated $1.2 billion that disappeared from the accounts of now bankrupt broker MF Global.

WASHINGTON (Reuters) - Jon Corzine, the former chief executive officer of MF Global, apologized to a U.S. House panel on Thursday for the collapse of the brokerage and said he was "stunned" when he first learned customer funds were missing.

Two class-action lawsuits have been filed against bankrupt brokerage MF Global as customers struggle to recover funds from the first major US casualty of the European debt crisis.

Wall Street star Jon Corzine resigned Friday as chief executive of bankrupt futures broker MF Global, the first major US casualty of the European debt crisis.