Report: JPMorgan returns $600 million of MF Global funds

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NEW YORK — JPMorgan Chase has returned about $600 million that was held at the bank when securities firm MF Global Holdings Ltd. failed last fall, according to a news report.

The Wall Street Journal also reported Saturday that a bankruptcy trustee representing MF Global’s customers might pursue JPMorgan for several hundred million dollars in additional claims.

The newspaper cited unnamed people familiar with the matter and with the investigation into MF Global’s collapse.

The recovered money eventually will be passed along to customers.

JPMorgan declined to comment. A call to a representative for trustee James Giddens wasn’t immediately returned.


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