Market Currents

More on MF Global (MF): The Chapter 11 (reorganization) filing shows assets of $100M-$500M with...

Monday, October 31, 2011, 10:56 AM ET
More on MF Global (MF): The Chapter 11 (reorganization) filing shows assets of $100M-$500M with JPMorgan (JPM) as the biggest creditor, on the hook for $1.2B. The filing came to bear after talks for a purchase by Interactive Brokers (IBKR) broke down.

This Market Current was sent to 82 people who get email alerts on MFGLQ.PK.

Get email alerts on MFGLQ.PK »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 5 comments:

wyostocks Comments (5372)

I thought Jamie Daimone was smarter than the rest. Guess not.
MF recently issued $350 Mil in unsecured bonds, wonder where they are sitting.

31 Oct 2011, 11:01 AM Reply Like

Hubert Biagi Comments (620)

Of the four major US banks, BAC, JPM, WFC, and C, the smartest CEO is Pandit, by far...

31 Oct 2011, 11:39 AM Reply Like

calvinl Comments (18)

the leverage was obscene: assets of 100 million to 500 million and JPM on hook for 1.2 billion. JPM will be lobbying to help out MF or themselves: bet on it. Who are the other creditors and for how much?

31 Oct 2011, 03:04 PM Reply Like

Foosie Comments (292)

Well, it is now later in the day. Apparently JPM dumped off $1.2 Bil. of the MF Global bonds onto a syndicate yesterday. Insider info anyone?

31 Oct 2011, 03:24 PM Reply Like

Jeremy Johnson Comments (765)

JPM was trustee, it says nothing about who owned the exposure at any given time. The syndication of revolvers is standard practice, especially in riskier firms which MF has been for quite some time.

1 Nov 2011, 06:04 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)