MF Global aims for sale by Monday

(Reuters) - MF Global Holdings Ltd is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said on Friday.

MF Global has reached out to major banks including Barclays PLC, Citigroup Inc, Deutsche Bank, Jefferies Group Inc, JPMorgan Chase & Co, Macquarie Group Ltd, State Street Corp and Wells Fargo, according to the source.

This week MF dropped almost 70%
below is an 18-month chart

"If it gets done, it needs to get done by Monday," the source said.

"Whether it gets sold in parts or pieces, they are in good shape to orchestrate this process," the source added.

Barclays, Citigroup, Deutsche, Jefferies and Wells Fargo declined to comment, while other banks could not be reached immediately for comment.