MF Global Model Couldn’t Withstand Stress, FSA’s Bailey Says
By Anthony Aarons -
2011-11-03T11:26:04Z
MF Global Holdings Ltd., the broker- dealer run by former Goldman Sachs Group Inc. co-chairman Jon Corzine, constructed a business model that couldn’t withstand financial stress, Andrew Bailey, director of banking supervision at the Financial Services Authority, said today.
To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net
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