Blackrock’s Larry Fink Staying On, WhiteHorse IPO Glitch: Financial Business Review

BlackRock (NYSE:BLK) Chief Executive Larry Fink is staying put, he announced at the Goldman Sachs Financial Services Conference in New York on Tuesday, reacting to chatter that has him in the running to be the next Secretary of the Treasury.

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James Giddens, the trustee who is monitoring the liquidation of the failed futures brokerage of MF Global (MFGLQ.PK), thinks that the more than 28,000 customer claims which have been filed will be fully resolved within the next few months, according to a report filed on Tuesday. However, Giddens said through the report that further distributions to those customers will depend greatly on the outcome of pending claims against the failed brokerage by its parent company, MF Global Holdings, and its United Kingdom affiliate.

WhiteHorse Finance (WHF) had to wait for its initial public offering until Wednesday afternoon, due to a “human error” at the Nasdaq Stock Market, said the exchange. The Nasdaq OMX Group (NASDAQ:NDAQ) inadvertently halted the IPO instead of simply pushing back the timing Wednesday morning, according to knowledgeable sources.

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