JPMorgan to buy MF Global

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
JPMorgan Chase & Co has confirmed it will buy shares of bankrupted MF Global at London Metal Exchange. JPMorgan is expected to pay for MF's stake about 25 million pounds ($38.8 m). Last month MF Global declared bankruptcy after making bets that failed on European debt. JPMorgan agreed to buy all of MF Global shares, said Richard Heis, special administrator of MF Global.

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Thu, 24 Nov 2011 13:42:33 GMT

Raiffeisen reduces medium term profit expectations

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Thu, 24 Nov 2011 13:47:11 GMT

Fitch Ratings decreased credit rating of Portugal

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