It's a conspiracy.
Reuters reports that French far-right leader Marine Le Pen said on Saturday that Goldman Sachs 'topples governments everywhere' and the euro is 'devastating' for her country as she sought to boost her flagging campaign to become President.
In the meantime, Bloomberg reports that creditors of MF Global have identified $717m in customer funds moved to eight institutions in October as among potential assets and said a trustee for the company’s brokerage unit isn’t helping with a global analysis of books and records.
Creditors identified 13 potential items of value in a status update filed in Manhattan bankruptcy court last week. One is $290m of non-customer money that was held by the brokerage as of January 1st. Another potential asset is $875m that MF Global Holdings gave to the brokerage in the days before its October 31 collapse, creditors said.
The news organisation also reports that the MF Global trustee is engaged in discussions with JPMorgan Chase & Co. about the firm’s activities in connection with MF Global.
In a status update on his investigation of JPMorgan, the trustee said the bank has been cooperating in a probe that’s included witness interviews, and a review of documents by attorneys and accountants from Ernst & Young.
Finally, The Wall Street Journal reports that JPMorgan CEO Jamie Dimon has indicated in his annual shareholders letter that it makes 'less sense' engaging in stock buybacks over $45-a-share.