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Report: JPMorgan earnings $600M of MF Global funds

NEW YORK (AP) — JPMorgan Chase has returned about $600 million that was hold during a bank when bonds organisation MF Global Holdings Ltd. unsuccessful final fall, according to a news report.

The Wall Street Journal also reported Saturday that a bankruptcy trustee representing MF Global‘s business competence pursue JPMorgan for several hundred million dollars in additional claims.

The journal cited unnamed people informed with a matter and with a review into MF Global’s collapse.

MF Global unsuccessful in Oct after a shocking gamble on European debt spooked the investors, partners and clients. The fall left an estimated $1.6 billion hole in patron accounts during MF Global.

The recovered income will eventually be upheld along to customers.

JPMorgan declined to comment. A call to a deputy for failure keeper James Giddens wasn’t immediately returned.

Source: Article Source

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