Dec 15- Investment bank Jefferies Group LLC said revenue from its bond trading business tumbled 83 percent in the fiscal fourth quarter as Wall Street continues to reel from a difficult environment for fixed income. New York- based Jefferies Group, a unit of Leucadia National Corp, reports earnings a month before most bigger Wall Street firms and often hints at...
The 2nd U.S. Circuit Court of Appeals in New York said there was a lack of evidence for the jury to find that misstatements made by Jesse Litvak, the former trader, were material to the U.S. government. Attorney Deirdre Daly in Connecticut said that office is reviewing the decision. Litvak had been free on bail while he appealed his March 2014 conviction and two-year...
Oct 1- Anbang Insurance Group Co is in the lead to acquire annuities and life insurance company Fidelity& Guaranty Life, according to people familiar with the matter, as more Chinese insurers seek to expand into the United States. Privately held Anbang has so far prevailed over other bidders, including private equity firms, in the auction for Fidelity& Guaranty...
New York- based Jefferies Group, a unit of Leucadia National Corp, posts results a month before most bigger Wall Street firms, and often give a sense of what is in store for its bigger rivals. But analysts said banks like Goldman Sachs Group Inc and Morgan Stanley will not likely suffer trading drops that have nearly as big an impact on the bottom line as those at...
Ross Shapiro, Michael Gramins and Tyler Peters entered their pleas to securities fraud, wire fraud and conspiracy charges before U.S. Magistrate Judge Donna Martinez in Hartford, Connecticut, a spokesman for U.S. Daly's office also handled Litvak's case, as well as a similar case against bond trader Matthew Katke, who pleaded guilty in March to cheating...
Intrepid Capital founder Mark Travis believes market volatility has brought about opportunities for mid-caps.
Currency investors around the world were wiped out in January when the Swiss franc soared, but one investor has made a fortune from the aftermath.
The currency broker hammered by the Swiss National Bank's move last month will stop trading selected currencies this week.
Retail currency broker FXCM said that it will raise margin requirements globally on forex instruments, as well as gold in its overseas jurisdictions.
Stocks rose on Tuesday as investors tracked the price of oil and fourth-quarter earnings.
FXCM shares tumbled after it laid out details of a loan aimed at saving the company after last week's shock removal of the cap on the Swiss franc.
Some of the names on the move ahead of the open.
Switzerland's decision to allow its currency to float freely against the euro may have claimed another victim—Everest Capital's Global Fund.
Effects from the Swiss central bank's move surface globally, and CNBC's "Fast Money" traders looked at how to play the moves.
The brokerage was brought to its knees by the Swiss National Bank's surprise move on the franc Thursday.
While many big-name stocks are poised to surge next year, some smaller companies will sneak higher in 2015, stock pickers said.
Leucadia National Corp. seems happy one of its own will soon oversee Harbinger Group.
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
A senior Jefferies banker, Sage Kelly, is on leave after intense publicity around salacious allegations made by his wife in divorce proceedings.
A nasty Wall Street divorce has touched two biotech CEOs and appears to have moved their company stocks down over drug use allegations.