JPMorgan Coughs Up $517 Million for MF Global
In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss JPMorgan Chase's $517 million settlement with MF Global. When MF Global experienced a liquidity crisis and tapped into customer accounts to meet liquidity requirements, its resulting meltdown into bankruptcy left customers taking massive losses. This settlement, in which JPMorgan releases its claim to a huge amount of the now-bankrupt company's cash, should return the funds to most of the affected customers. Matt tells investors what this means for JPMorgan investors.
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The article JPMorgan Coughs Up $517 Million for MF Global originally appeared on Fool.com.David Hanson and Matt Koppenheffer have no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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