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MF Global Files For Bankruptcy: Report

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MF GLOBAL BANKRUPTCY
Jon Corzine, chairman and chief executive officer of MF Global Holdings Inc., attends the State Dinner for Angela Merkel, Germany's chancellor, with U.S. President Barack Obama in the Rose Garden of the White House on June 7, 2011 in Washington, D.C. Corzine's firm, MF Global is filing for bankruptcy after losses due to the European debt crisis. | Getty

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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