FARM BUSINESS NEWS
MFG Customers to Receive $546 Million
Wed Mar 20, 2013 01:44 PM CDT

NEW YORK (AP) — JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts.

MF Global failed in October after a calamitous bet on European debt spooked its investors, partners and clients. The bankruptcy was the eighth-largest in the U.S. and the largest on Wall Street since the 2008 collapse of Lehman Brothers. Much of the missing money belonged to farmers, ranchers and other business owners who used MF Global to reduce their risks from fluctuating prices ...

Quick View
Related News Stories
Ag Interest Rate Snapshot
Canadian Pacific Ends CSX Deal Talks
Minding Ag's Business
Minding Ag's Business
STB Likely Cautious on Rail Mergers
Woodbury: Farm Family Business
Hoosier State Co-op Power
Sources: CP Sought CSX Merger
Minding Ag's Business
Low-Cost, Low-Debt Farming