D********n
发帖数: 978 | 1 投行又少了一家...
By Tiffany Kary and David McLaughlin
Oct. 31 (Bloomberg) -- MF Global Holdings Ltd., the holding
company for the broker-dealer run by former New Jersey governor
and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for
bankruptcy after making bets on European sovereign debt.
The New York-based firm listed total debt of $39.7 billion
and assets of $41 billion in Chapter 11 papers filed today in
U.S. Bankruptcy Court in Manhattan. Affiliate MF Global Finance
USA Inc. also filed, with debt of as much $50 million and assets
of as much as $500 million. The largest unsecured creditors
include JPMorgan Chase Bank NA, as trustee for holders of
$1.2 billion in debt, and Deutsche Bank Trust Co., as trustee
for holders of $690 million in debt.
MF Global’s board had met through the weekend in New York
to consider options including a sale to avert failure, according
to a person with direct knowledge of the situation. Following a
record loss, MF Global was suspended today from doing new
business with the New York Federal Reserve, according to a
statement on the regulator’s website. Trading in MF Global’s
stock was also halted.
MF Global declined 67 percent last week and its bonds
started trading at distressed levels amid its disclosures of
bets on European sovereign-debt. MF Global was in discussions
with five potential buyers for all or parts of the company,
including banks, private-equity firms and brokers, said the
person, who asked not to be identified because the talks were
private.
MF Global reported a $191.6 million quarterly loss on Oct.
25 and Moody’s Investors Service and Fitch Ratings cut its
credit rankings to junk.
The case is MF Global Holdings Ltd., 11-bk-15059, U.S.
Bankruptcy Court, Southern District of New York (Manhattan). | J*****n
发帖数: 4859 | 2 No, they are not ib, just a broker firm. And they wish they can become an IB
, but bet heavily like a global macro hedge fund.
It can be a typical study-case of failure of risk management on the senior
level decision. | D********n
发帖数: 978 | 3 But as we know, IB, by its most classic definition, doesn't exist anymore.
I think it is fair enough to call a global derivatives brokerage house an IB.
But it is reasonable to disagree as well.
IB
【在 J*****n 的大作中提到】
: No, they are not ib, just a broker firm. And they wish they can become an IB
: , but bet heavily like a global macro hedge fund.
: It can be a typical study-case of failure of risk management on the senior
: level decision.
| d*j
发帖数: 13780 | | J*****n
发帖数: 4859 | 5
Some guy will come in and buy it. Maybe JPM.
【在 d*j 的大作中提到】
: what will happen next?
| l******n
发帖数: 9344 | 6 现在那里还有投行?都是商业银行好不?至少要顶个牌子
【在 D********n 的大作中提到】
: 投行又少了一家...
: By Tiffany Kary and David McLaughlin
: Oct. 31 (Bloomberg) -- MF Global Holdings Ltd., the holding
: company for the broker-dealer run by former New Jersey governor
: and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for
: bankruptcy after making bets on European sovereign debt.
: The New York-based firm listed total debt of $39.7 billion
: and assets of $41 billion in Chapter 11 papers filed today in
: U.S. Bankruptcy Court in Manhattan. Affiliate MF Global Finance
: USA Inc. also filed, with debt of as much $50 million and assets
| d*j
发帖数: 13780 | 7 那还好了， 没什么严重后果。。。
【在 J*****n 的大作中提到】
:
: Some guy will come in and buy it. Maybe JPM.
|
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