Futures and options brokerage MF Global has reported a fourth quarter loss of $17.4m for the three months to March. However, chief executive Bernie Dan said he remained confident that the recent changes in the company’s structure, coupled with a new strategic plan to “take advantage of emerging opportunities” would soon bring the firm back into profit.
The adjusted net loss of $17.4m compared with a pre-tax profit of $49m in the same period last year.
Dan said he was “not satisfied” with this financial performance, but...