Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

MF Global U.K. Clients, Creditors May Receive $3.2 Billion

MF Global Holdings Ltd.’s U.K. administrators may return as much as $3.2 billion for creditors of the failed broker, KPMG LLP said in an e-mailed statement.

Claims outstanding on the available funds could total as much as $3.9 billion, KPMG said. The administrator estimated there would be a minimum of $2.8 billion available to settle the claims against the defunct broker’s estate.

“In determining the claims, we are working to discount those we believe to be duplicative or spurious,” KPMG partner Richard Heis said in the statement. “There are still numerous work streams to be worked through but this estimated guide shows that there are circumstances where a full pay out is possible.”

MF Global Holdings, the U.K. unit’s parent company, filed the eighth-largest U.S. bankruptcy on Oct. 31 after getting margin calls and bank demands for money at its MF Global Inc. brokerage. The funds at the London-based unit are also being sought by the trustee overseeing the U.S. bankruptcy, which may reduce any recovery by U.K. creditors.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.