MF Global may have dressed up its balance sheet for investors, disguising its debt levels by...

|By:, SA News Editor

MF Global may have dressed up its balance sheet for investors, disguising its debt levels by temporarily cutting the debt it was carrying before publicly reporting its finances each quarter, WSJ reports. In each of the latest seven quarters, MF's quarter-end borrowings were an average 16% lower than the quarterly average and 24% lower than the peak for each quarter.