Jefferies Financial Group Inc Says MFS Losses Seen Under $20 Million as Western Alliance Clash Deepens
Jefferies Financial Group Inc. said on Monday that the net earnings hit from the collapse of UK mortgage lender Market Financial Solutions, or MFS, would likely stay below $20 million. The company also rejected Western Alliance Bancorporation's claim that it owed $126.4 million tied to loans backed by First Brands receivables, or bills owed to the company.
