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  • Man Financial is close to collapse or lead to financial crisis



    has been filing for bankruptcy protection, will be following the Lehman bankruptcy after the biggest financial companies

    by European debt crisis drag, the world’s largest futures brokers Man Financial Group, the world may face bankruptcy. 1031 local time on the United States, Man Financial Inc. in New York submitted a formal application for bankruptcy protection to Interactive Brokers (Interactive Brokers) to about 10 billion U.S. dollars sale of assets. The industry believes that, once the Man of bankruptcy, after the bankruptcy of Lehman will become the world’s largest financial companies, and even then does not rule out the possibility of causing the financial crisis. Affected by the news, the U.S. dollar as a safe haven, the dollar index soared 1.96 percent the day, yesterday, continued to rise, and rise above the 77 point mark, while the global stock markets have tumbled.

    Man’s global financial bankruptcy

    as the world’s largest futures brokers, is the world’s largest publicly traded securities hedge fund operator, Man Europe’s financial bear debt crisis is about to close down the drag.

    Man’s in this week (1031 days) U.S. stocks opened shortly after the announcement to the United States filed for bankruptcy protection. It is reported that the world Man Financial Group has hired two law firms, so that its business can not be successfully sold its case for a possible re-facing to prepare. Man Financial Group shares fell 16 percent on Friday, shares plunged 61% in the whole week, this has since fallen more than 80%.

    According to foreign media reports, led to the brink of collapse Man culprit is its huge holdings of European bonds. The company recently disclosed in the 2011/2012 fiscal second-quarter report, which holds up to 63 billion dollars in sovereign bonds of European countries and from Spain, Italy, Belgium and other European debt “disaster area”, the debt the total has reached 5.2 times the company’s total assets.


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