Exclusive: MF Global drew up survival manual in final days | Reuters: Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings downgrade limited its access to funding, according to an internal "break-the-glass" plan obtained by Reuters on Tuesday.
The report, which was undated but appeared to be drafted before October 20, shows how the firm was furiously mapping out scenarios as markets started losing confidence in the futures brokerage.
The report, which was undated but appeared to be drafted before October 20, shows how the firm was furiously mapping out scenarios as markets started losing confidence in the futures brokerage.
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