Tuesday, December 20, 2011

Guess Where a Big Chunk of MF Global Customer Money Just Turned Up? At JPM London



Let's see.  MF transferred $200 million to their clearing bank JP Morgan in London three days before their bankruptcy according to the WSJ.  Dealbook says it was on the LAST business day.   And it took the regulators THIS long to find it?

And allegedly at the time JPM London suspected that the money might be coming from the customer accounts.  I wonder why that would occur to them?  

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