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MF Global Files For Bankruptcy: Report

Mf Global Bankruptcy

First Posted: 10/31/11 09:04 AM ET Updated: 10/31/11 11:55 AM ET

NEW YORK (Reuters) - MF Global Holdings Ltd filed for Chapter 11 bankruptcy protection on Monday, court records show.

The filing came after talks to sell a variety of assets to Interactive Brokers Group Inc broke down earlier Monday, a person familiar with the matter said.

MF Global Finance USA Inc also filed for Chapter 11 protection. Both MF Global entities filed for protection from creditors with the U.S. bankruptcy court in Manhattan.

(Reporting by Nick Brown and Jonathan Stempel in New York, editing by Gerald E. McCormick)

Copyright 2011 Thomson Reuters. Click for Restrictions.

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Filed by Jillian Berman  |