US court allows MF Global payout

■ A federal judge yesterday authorised the trustee liquidating MF Global Holdings’ brokerage unit to distribute as much as $685m (£424m) to customers whose accounts had been frozen when the futures brokerage went bankrupt. It includes as much as $600m to be paid to US exchange customers, up to $50m for traders on non-US exchanges, and up to $35m for those who held physical property.