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MF Brokerage Trustee Traced $105 Billion in Cash Movements in Final Week

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 08 Feb 12 5:44 AM | 50 view(s)
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The New York-based brokerage moved $105 billion in cash in the week before its parent, MF Global Holdings Ltd., filed for bankruptcy and made $100 billion in securities trades, according to the statement. The trades included liquidating customer securities and the firm’s own positions. After tracing 840 transactions worth $327 billion, Giddens is still analyzing where some of the money “ended up,” he said.

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http://www.bloomberg.com/news/2012-02-06/mf-brokerage-s-trustee-traces-105-billion-in-cash-movement-in-final-week.html




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