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Leucadia National Corp

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  • Jan 28- Retail currency broker FXCM Inc said it would forgive about 90 percent of its clients for negative balances after the Swiss central bank removed a cap on the value of the Swiss franc against the euro. FXCM's shares rose 8.4 percent to $2.59 in early trading. FXCM customers lost more than $200 million from the surging Swiss franc and the company was rescued...

  • Jan 28- KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash. Regulators in Britain are probing the $5 trillion- a-day foreign exchange market following allegations that bank traders used advance knowledge of client orders to try to manipulate foreign exchange benchmarks.

  • Delta and Smith & Wesson are big market movers Tuesday, 20 Jan 2015 | 4:57 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., up $3.33 to $49.17. Johnson& Johnson, down $2.75 to $101.29.

  • *FXCM plummets, details loan agreement. NEW YORK, Jan 20- U.S. stocks dipped on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, but the outlook also boosted hopes central banks would take more aggressive policy moves to spark economic improvement. "It looks like the Fed is super happy to pass that torch to the next...

  • US STOCKS-Wall St falls after IMF cuts growth outlook Tuesday, 20 Jan 2015 | 12:48 PM ET

    *FXCM plummets 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks fell on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement. The upside to seeing less international growth is...

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks edged lower on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic...

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • FXCM declines as it discloses loan details Tuesday, 20 Jan 2015 | 7:38 AM ET

    NEW YORK— Shares of FXCM are plunging in premarket trading Tuesday as the online foreign exchange trading broker disclosed that its bailout loan from Leucadia National Corp. includes a rising rate for each month that the loan remains open. FXCM said that it reached a deal with Leucadia that allowed it to meet its regulatory capital requirements and to...

  • US STOCKS-Futures up; oil falls on lower IMF forecasts Tuesday, 20 Jan 2015 | 7:06 AM ET

    *Oil lower again, Halliburton set to report results. *FXCM shares plummet 80 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures rose modestly on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • The Financial Conduct Authority, which regulates the financial services industry in the UK, had said on Friday it was working closely with Alpari. New York- listed FXCM Inc was forced to turn to Leucadia National Corp to secure a $300 million loan to cover losses of $225 million suffered by its clients. Industry news site Forex Magnates, citing unnamed sources...

  • Some major banks also lost out when the Swiss National Bank scrapped its three-year-old cap on the franc against the euro without warning on Thursday, including Britain's Barclays which lost "tens of millions" of dollars, an industry source said. Retail broker Alpari UK filed for insolvency on Friday, while New York- listed FXCM Inc, one of the biggest platforms...

  • Big fund shuttered after franc shock: Report Saturday, 17 Jan 2015 | 11:36 AM ET
    People queue outside a currency exchange office in Geneva, January 15, 2015. The Swiss National Bank scrapped its cap on the franc on Thursday sending the safe-haven currency crashing below the 1.20 per euro floor it set over three years ago.

    Switzerland's decision to allow its currency to float freely against the euro may have claimed another victim—Everest Capital's Global Fund.

  • 7 ways to play the Swiss franc fallout Friday, 16 Jan 2015 | 6:51 PM ET

    Effects from the Swiss central bank's move surface globally, and CNBC's "Fast Money" traders looked at how to play the moves.

  • What happened to the Swiss franc? Friday, 16 Jan 2015 | 5:37 PM ET

    NEW YORK— One of the world's safest investments— the Swiss franc— has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limited the rise of the currency. Two brokerage firms in London and New Zealand's have announced huge losses and will have to close. Since 2011, the Swiss National Bank has had a program to keep its...

  • NEW YORK, Jan 16- U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. "You had a pretty strong consumer confidence report...

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc, reeling after customers lost more than $200 million from the surging Swiss franc, will get a $300 million loan from Leucadia National Corp to keep operating, the companies said in a statement Friday. "Leucadia`s support and this financing are by far the best alternative for FXCM, our customers, our...

  • Jan 16- Leucadia National Corp will give $300 million to retail foreign exchange broker FXCM Inc to meet regulatory capital requirements, the two companies said on Friday. The move comes after FXCM lost $225 million due to the surging Swiss franc, caused by the scrapping of a three-year-old cap on the value of the franc against the euro by the Swiss National Bank...

  • Swiss shock: Leucadia bails out FXCM after losses Friday, 16 Jan 2015 | 3:14 PM ET
    A trader at FXCM in Japan.

    The brokerage was brought to its knees by the Swiss National Bank's surprise move on the franc Thursday.

  • *Jefferies talks rescue deal with FXCM- source. NEW YORK, Jan 16- U.S. stocks bounced back after five sessions of losses on Friday along with a sharp rebound in energy shares, following data signaling the U.S. economy was on track for solid growth. Investors attempted to interpret the impact of the move by the Swiss National Bank on Thursday to lift the cap on the Swiss...

  • Within minutes of the Swiss National Bank's announcement it was ditching a policy to limit the rise of the currency, the franc had rocketed by about a third against the euro and the dollar. That's a clear indication investors have taken fright at the worsening outlook for Switzerland's exporters and economy. According to Morgan Stanley, 85 percent of Swiss...