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Leucadia National Corp

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  • April 9- Jefferies Group LLC said it will sell most of its Bache unit's commodities and financial derivatives accounts to Societe Generale, ending the investment bank's four-year foray into the competitive brokerage business. Societe Generale's shares were slightly up at 46.54 euros in Paris. Last year, ICAP closed its metals business last year, while...

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of its Bache unit's futures business to Societe Generale. Societe Generale said in a statement on Thursday that the transaction covered mostly futures execution and clearing activities. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of Bache unit's futures business to Societe Generale. Jefferies also said it bought Faros Trading LLC, the institutional foreign exchange brokerage unit of retail currency broker FXCM Inc.. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • NEW YORK, March 18- Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. Ron Marks, a co-founder of Tormar Associates, in a statement issued on Wednesday called Citigroup's claims "inaccurate." Danielle Romero-Apsilos, a Citigroup...

  • March 11- A bond trader pleaded guilty on Wednesday to conspiring to defraud Royal Bank of Scotland Group Plc customers by lying about the prices of bond transactions he handled for them in an effort to boost the bank's profit. Matthew Katke, 34, of New York, pleaded guilty to one count of conspiracy to commit securities fraud and will cooperate with prosecutors,...

  • Former Nomura trader to plead guilty to U.S. charges Wednesday, 11 Mar 2015 | 4:22 PM ET

    Attorney Deirdre Daly in Connecticut said. Matthew Katke, the trader, is expected to enter his plea in the federal court in Hartford, Connecticut. According to financial industry records, Katke joined Nomura in August 2013 after having spent five years at Royal Bank of Scotland Group Plc, and six years before that at Bear Stearns Cos.

  • NEW YORK, March 6- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, has cut about 20 jobs in its commodities futures brokerage in New York and Chicago, three sources familiar with the cuts said on Friday. People affected by the move were let go on Thursday, the sources told Reuters, in what was described as a sweep that affected employees who...

  • In a Tuesday filing with the 2nd U.S. Circuit Court of Appeals, U.S. Attorney Deirdre Daly of Connecticut said jurors could have reasonably concluded that defendant Jesse Litvak intentionally lied to customers from 2009 to 2011 about trades he handled for them. Daly said the government also presented "overwhelming" evidence that Litvak's lies were material to...

  • NEW YORK, Feb 10- A divided federal appeals court in New York allowed more than 100,000 potential plaintiffs to pursue class action litigation accusing Leucadia National Corp and a law firm of fraudulently cutting corners to win default judgments in debt collection cases. Tuesday's 2-1 decision by the 2nd U.S. Circuit Court of Appeals came after the U.S....

  • Jefferies CEO Richard Handler turns down bonus Wednesday, 4 Feb 2015 | 3:35 PM ET

    Feb 4- Richard Handler, the chief executive of Leucadia National Corp, parent of investment bank Jefferies Group LLC, turned down his bonus for the previous year, which was dogged by lackluster performance. Handler, also the CEO of Jefferies, was entitled for a performance-based cash bonus of $2.2 million for the year ended Nov. 30, Leucadia said in a regulatory...

  • MELBOURNE/ NEW YORK, Jan 29- Macquarie Group Ltd is in talks to buy Jefferies Group LLC's commodities and financial derivatives brokerage, three sources said, as the Australian bank continues to expand its commodities business while rivals retreat. News of the talks come just a month after the U.S. investment bank, owned by Leucadia National Corp, said it was...

  • 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.

  • *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...

  • Broker FXCM shares sink following loan details Tuesday, 20 Jan 2015 | 9:54 AM ET
    A currency dealer watches foreign currency market movements at FXCM Japan's offices in Tokyo.

    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.

  • *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.

  • Early movers: MS, DAL, FB, JCP, HAL, T & more Tuesday, 20 Jan 2015 | 8:13 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • 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.