MF Global said it was strong

An investigation into the collapse of brokerage MF Global had revealed that the firm's chief financial officer told analysts at Standard & Poor's that its capital position had “never been stronger”, just a week before it filed for bankruptcy. MF Global collapsed on 31 October after investors and customers became rattled over the firm’s $6.3bn (£4bn) bet on European sovereign debt. The US Congress is currently presiding over a hearing to study the vigilance of the rating agencies with regards to MF Global.