MF Global hit by market turmoil

MF Global, the world’s biggest futures and options broker, which was spun off from Man Group last year, lost nearly 70% of its value on Monday, as it became caught up in the sell-off hitting financial stocks.

When MF Global’s stock price fell from an opening price of $16.11 to a low of $3.65, the company put out a trading update to reassure clients and investors.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink