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Leucadia National Corp

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  • June 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 2.5 percent fall in quarterly profit as a prolonged slump in its bond trading business more than offset a rise in investment banking revenue. Jefferies, which kicks off the reporting season for investment banks, is often viewed as an indicator of the performance of Wall...

  • Jefferies Q2 profit falls 2.5 pct Tuesday, 16 Jun 2015 | 9:22 AM ET

    June 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 2.5 percent fall in quarterly profit as non-interest expenses rose. Jefferies, which kicks off the reporting season for investment banks, is often viewed as an indicator of the performance of Wall Street banks such as Goldman Sachs Group Inc and Morgan Stanley.

  • NEW YORK, May 13- A federal appeals court on Wednesday signaled a willingness to overturn part or all of the conviction of a former Jefferies Group Inc trader accused of defrauding investors after the financial crisis by lying about mortgage bond prices. In weighing Jesse Litvak's appeal in the closely watched case, the 2nd U.S. Circuit Court of Appeals in New...

  • NEW YORK, May 13- A federal appeals court on Wednesday signaled a willingness to overturn part or all of the conviction of a former Jefferies Group Inc trader accused of defrauding investors after the financial crisis by lying about mortgage bond prices. In weighing Jesse Litvak's appeal in the closely watched case, the 2nd U.S. Circuit Court of Appeals in New...

  • May 8- A pension fund has sued U.S. currency broker FXCM Inc for allegedly misleading investors about its financial prospects and concealing weaknesses in its core business before its stock dropped 90 percent in January. The International Union of Operating Engineers Local No. 478 Pension Fund accused FXCM of fraud and artificially inflating its stock price...

  • 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.

  • Stocks land in positive terrain as volatility reigns Tuesday, 20 Jan 2015 | 4:17 PM ET
    A trader works on the floor of the New York Stock Exchange, Oct. 31, 2014.

    Stocks rose on Tuesday as investors tracked the price of oil and fourth-quarter earnings.

  • *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...