Deutsche Bank Suspends Coverage on MF Global

In its report, Deutsche Bank writes, "We are suspending coverage of MF Global given its current state of affairs (with the possibility of a firm sale, asset sales, and/or filing Chapter 11 bankruptcy as being reported by the WSJ yesterday) and the lack of real time financial data in a rapidly evolving environment for the company. Our estimates and price target should no longer be relied upon." Trading has been halted on MF Global after bankruptcy rumors (that have now been confirmed. MF Global closed Friday at $1.20.