J.P. Morgan Chase & Co. has returned roughly $600
million that was ensnared at the bank when MF Global Holdings Ltd. collapsed in
October, people familiar with the matter told the WSJ.
Most of the payments haven't been disclosed publicly, and a
bankruptcy trustee representing customers of the failed securities firm might pursue
J.P. Morgan for as much as several hundred million dollars in additional
claims, according to a person familiar with the investigation.
Still, the New York bank's payments are a sign of progress
in efforts to fill the estimated $1.6 billion hole left in customer accounts at
MF Global. Money ...
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