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United States : JPMorgan has returned $772 million of MF Global money
Publish Date : 04-Jun-2012
JPMorgan Chase has returned about US$600 million (S$772 million) that was at the bank when MF Global Holdings went bust in October, the Wall St. Journal reported late on Friday citing people familiar with the matter.
MF Global\'s bankruptcy trustee James Giddens might have additional claims against JPMorgan for several hundred million dollars, the business daily said.
JPMorgan officials contend that the bank no longer holds any MF Global money, the Journal said citing the people.
A JPMorgan spokesman was unavailable for comment outside regular business hours.
