MF Global bonds trade lower
November 2, 2011
A batch of MF Global bonds traded at about 48 cents on the dollar Monday afternoon, according to MarketAxess, a sign that investors expect the bankrupt company’s bond holders will only get about half their money back. A week ago, the same batch of bonds issued by MF Global in August were trading at 88.5 […]
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MF Global Probed by Regulators
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter. The revelation of the missing money scuttled an 11th hour deal […]
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