MF Global Holdings Ltd. has claimed bad accounting by PricewaterhouseCoopers LLP’s is to blame for its collapse in 2011, but Jon Corzine testified Thursday that no one gave him reason to believe PwC’s accounting was incorrect when he was MF Global’s chief executive. The New York company’s risky European “repo-to-maturity” debt trades were the subject of intense internal scrutiny among executives and board members in the months before they helped trigger the brokerage’s collapse, Mr. Corzine said in federal court in New...
Source: Wall Street Journal March 10, 2017 20:45 UTC