MF Global Assets: $41B
Capital: $1.36B
Jefferies Assets: $45B
Capital: $3.49B
For roughly the same amount of assets, Jefferies has more than double the capital.
Thursday, November 3, 2011
Jefferies vs. MF Global
Even though liquidity was what really killed MF Global, the reason that the company was susceptible to a liquidity run was because optically the amount of capital at the institution looked extremely low. Today there's a lot of chatter surrounding Jefferies, but from a pure leverage standpoint the two are hardly comparable.
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