Friday, November 17, 2017
 
 
News: Page (1) of 1 - 10/31/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
MF Global files for bankruptcy protection
MF Global files for bankruptcy protection after big loss, bets on Europe debt spook investors
By The Associated Press

Securities firm MF Global Holdings Ltd. is seeking bankruptcy protection one week after reporting its biggest ever quarterly loss and having its credit downgraded to junk status.

The company, run by former New Jersey Governor and Goldman Sachs head Jon Corzine, was downgraded by debt-rating agencies concerned about its big bets on European debt. It appears to be the first big U.S. casualty of Europe's debt crisis.

MF Global filed its petition with the U.S. Bankruptcy Court for the Southern District of New York. It says it has assets of $100 million to $500 million and liabilities of $10 million to $50 million.




Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines