Wednesday September 23, 2020

MF Global's missing client funds said to be at JPMorgan

Customer funds missing from bankrupt brokerage MF Global have been located in a custodial account at JPMorgan Chase & Co., according to two people with knowledge of the matter.

4th November, 2011

Customer funds missing from bankrupt brokerage MF Global have been located in a custodial account at JPMorgan Chase & Co., according to two people with knowledge of the matter.

An MF Global custodial account at JPMorgan contained about $658.8 million (€478 million) of client funds as of October 31st, according to one of the people, who declined to be identified because they weren’t authorised to speak publicly.

MF Global’s customer funds had a shortfall...

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