J.P. Morgan Chase & Co. and MF Global Holdings Ltd. agree on one thing: The two financial players worked together closely in the months before MF Global collapsed. Then according to the Wall St Journal things get messy.
People close to MF Global have complained that J.P. Morgan dragged its feet when settling trades made by MF Global as it rushed to sell assets, according to people familiar with the situation. Executives at MF Global have grown concerned that the slowdown complicated efforts to find a buyer for the company or its parts and might even have caused a $600 million gap in customer accounts that is now the subject of a protracted treasure hunt...
Find out more at http://online.wsj.com/article/SB10001424052970203733504577024502391425244.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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