Two men exit the office complex where MF Global Holdings Ltd have an office in New York
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The London arm of MF Global collapses into administration

At least 700 jobs are at risk in London after the UK arm of international broker MF Global went into administration on Monday.

Its parent company filed for bankruptcy protection in the US because of its exposure to Italian, Spanish and Portuguese debt.

Richard Heis is a Partner at KPMG which has been appointed as the administrator for the firm and told Radio 5 live Wake Up To Money what went wrong.

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