MF Global

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PwC faces $1bn lawsuit over bad MF Global advice

PwC's advice on "repurchase-to-maturity" transactions was a substantial cause of the 2011 collapse of MF Global, judge claims

28 Aug 2014

kpmg reception

MF Global administrators could make 100% return to creditors

KPMG administrators highlight possible 100% return and the conclusion of several legal disputes in latest creditor report

13 Aug 2013

Richard Heis

MF Global administrators agree deal that could increase creditors’ return

KPMG administrators have managed to arrange a deal that, if approved, will see an increased and quicker return to creditors

09 Jan 2013

KPMG administrators rack up £51.6m fees at MF Global

Administrators charge £51.6m for 13 months' work on world’s first special administration

04 Dec 2012

Ex-MF Global customers file lawsuit against PwC auditors

Collapsed bank’s customers file complaint against PwC claiming it failed to properly examine MF Global’s control over customer funds

06 Nov 2012

High Court gives MF Global administrators right to return £54m

KPMG administrators had their application to distribute assets approved, which could see creditors receive payment as early as 1 August

19 Jul 2012

MF Global UK administrators will take US arm to court

KPMG administrators confirm they will fight a claim of $700m from the US arm of the collapsed bank in court

20 Apr 2012

KPMG: $1bn of MF Global client money locked in banks

Administrators will sue to retrieve $1bn of client money locked in other financial institutions

29 Mar 2012

No such thing as a simple administration

Shane Gleghorn explains why a recent Supreme Court Lehman Brothers judgment could mean for administrators appointed to a financial instituion

16 Mar 2012

KPMG courts controversy over MF Global client details

MF Global clients angry as KPMG publishes their details

15 Mar 2012

KPMG racks up £14m in fees at MF Global UK

Administrators announce £14m fees since appointment in November

10 Jan 2012

MF Global UK creditors to agree administrator fees

KPMG administrators are currently chairing the first creditor meeting for MF Global stakeholders which will outline repayment plans and their remuneration

09 Jan 2012

KPMG still to locate nearly 20% of MF Global funds

MF Global administrators salvage £594m of ringfenced funds but still need to retrieve £200m

19 Dec 2011

Has MF Global changed the insolvency landscape?

The special administration rules applied to MF Global have raised questions about whether it is circumventing insolvency rules to treat creditors equally

28 Nov 2011

KPMG administrators set MF Global timeline

Administrators hope to return money to creditors by the middle of next year

28 Nov 2011

KPMG sells MF Global UK’s shares to JP Morgan

Creditor owed about £740m buys MF Global UK’s 625,000 shares in London Metal Exchange

24 Nov 2011

Administrators make 400 redundancies at MF Global UK

Uncertainty for staff as KPMG begins special administration regime at collapsed investment business MF Global UK

21 Nov 2011

MF Global UK administrators hope to release funds soon

‘Special administrators' from KPMG are aiming for a speedy return of funds to creditors

03 Nov 2011

MF Global appoints CFO

J Randy MacDonald joins broker spun out of Man Group

03 Apr 2008

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This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

Leader: Baker Tilly's naming nerves

Baker Tilly's impending name change opens up a range of possiblities, writes Calum Fuller

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The Practitioner is gobsmacked at the opportunities for tax savings that R&D credits will bring for clients

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Auto-enrolment: Know the workforce - assessing workers

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Taking Stock: Haslers' marathon man avoids comfort break

Better out than in for long-distance runner

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Rickard Keen's move to limited status sees some unusual detail at Companies House...

Colin: EY-ers cheer on partner profits

Colin wonders how EY partners reacted to their profit figures

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Briefings

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Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.