Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Jefferies Releases European Government Debt Position Details

Don't Miss Out —
Follow us on:

Nov. 4 (Bloomberg) -- Jefferies Group Inc., the investment bank that has battled investor concern this week that it will be negatively affected by Europe’s debt crisis, released details of its positions in the region’s sovereign bonds.

The New York-based firm released a document summarizing its exposure to the debt of Italy, Spain, Ireland, Portugal and Greece. It also published a list of sovereign and government-guaranteed bonds from the five indebted nations in which Jefferies International Ltd. holds a position greater than half a million euros.

Following the collapse of MF Global Holdings Ltd., Jefferies issued several statements this week seeking to assuage concern about its holdings of European debt. MF Global, previously run by former New Jersey governor and Goldman Sachs Group Inc. co-Chairman Jon Corzine, collapsed Oct. 31 after revealing a $6.3 billion bet on Italian, Spanish, Belgian, Portuguese and Irish debt.

“These are fragile times in the financial market, and we decided the only way to conclusively dispel rumors, misinformation and misplaced concerns is with unprecedented transparency about internal information that is rarely, if ever, publicly disclosed,” Jefferies Chairman and Chief Executive Officer Richard Handler, 50, said in a separate statement.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.