Fox Business Network: Schwab Eyeing MF Global's Retail Futures Business

FOX Business Network [FBN] Senior Correspondent Charlie Gasparino reports “Charles Schwab is eyeing MF Global's retail futures business.” While no price has been quoted, Gasparino is reporting “it is going to be near zero” and “MF Global could be paid a performance fee.” Excerpts from the report are below, courtesy of Fox Business Network.

On the future of MF Global:

“Sources are telling FOX Business' Charlie Gasparino that Charles Schwab is eyeing MF Global's retail futures business. The price is still to be determined, but Charlie is reporting it is going to be near zero. MF Global could be paid a performance fee. No immediate comment from Charles Schwab.”