Wednesday, March 28, 2012

Banks Hold a Billion In Overseas Customer Money



If the financial crisis were more widespread how much worse do you think these customers would be faring?

Banks Hold $1 Billion in MF Global U.K. Cash, KPMG Says
By Kit Chellel
March 28, 2012

About $1 billion of MF Global Holding Ltd. U.K. clients’ money remains locked away in other financial institutions five months after the brokerage’s collapse, administrators KPMG LLP said.

KPMG has

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