Leucadia National Corp


  • 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.

  • 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...

  • Jan 14- A former top executive of Steven Cohen's SAC Capital Advisors LP is close to launching a roughly $1 billion hedge fund in March, the Wall Street Journal reported. Solomon "Sol" Kumin, who was SAC's chief operating officer until January last year, has raised about $1 billion for his Folger Hill Asset Management LLC, the Journal said, citing a person familiar...

  • Small- and mid-cap stocks to watch in 2015: Pros Wednesday, 31 Dec 2014 | 5:44 PM ET
    Traders on the floor of the New York Stock Exchange.

    While many big-name stocks are poised to surge next year, some smaller companies will sneak higher in 2015, stock pickers said.

  • Dec 17- Jefferies Group LLC's banker Sage Kelly, whose messy divorce battle became tabloid fodder in October, resigned to spend time with family, according to a person familiar with the matter. The reports drew so much attention that Jefferies' Chief Executive Richard Handler, Chairman Brian Friedman and executives at its healthcare division volunteered to...

  • Jefferies banker Sage Kelly resigns - source Wednesday, 17 Dec 2014 | 11:23 AM ET

    Dec 17- Sage Kelly, the head of Jefferies Group LLC's healthcare investment banking group, resigned, according to a person familiar with the matter. Kelly, who is waging a bitter divorce battle with his estranged wife, had been on a leave of absence from the firm since November. Jefferies is a unit of Leucadia National Corp..

  • UPDATE 1-Jefferies in talks to sell futures business Tuesday, 16 Dec 2014 | 9:33 AM ET

    Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly net loss and said it was in talks to sell its futures brokerage. Jefferies bought the business, formerly known as Prudential Bache, from Prudential Financial Inc in 2011 for $430 million to expand into a full-fledged investment bank. Leucadia, which models itself on...

  • Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly loss and said it was exploring strategic alternatives for its futures-brokerage unit. Net loss attributable to the company was $92.4 million for the fourth quarter ended Nov. 30, compared with a profit of $109.9 million a year earlier, the company said on Tuesday.

  • Leucadia boosts Harbinger stake as Falcone leaves Wednesday, 26 Nov 2014 | 1:22 PM ET
    Jefferies Group CEO Richard Handler speaks at the Milken Scholars Alumni Symposium in New York, Feb. 22, 2013.

    Leucadia National Corp. seems happy one of its own will soon oversee Harbinger Group.

  • NEW YORK, Nov 18- A former managing director at Jefferies Group Inc asked a federal appeals court on Tuesday to overturn his conviction for defrauding mortgage bond investors after the 2008 financial crisis. Lawyers for Jesse Litvak made the request to the 2nd U.S. Circuit Court of Appeals in New York nearly seven weeks after that court signaled the appeal had a...

  • Lightning Round: Wait to make a stand on this stock Tuesday, 4 Nov 2014 | 7:22 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Jefferies CEO, chairman take drug tests Friday, 31 Oct 2014 | 5:30 PM ET

    Oct 31- Jefferies Group LLC said on Friday Chief Executive Rich Handler, Chairman Brian Friedman and executives at its healthcare division were tested negative for drug usage, after one of its investment banking head was accused of drug abuse. Sources told Reuters on Thursday that Sage Kelly, the head of Jefferies' healthcare investment banking group, is taking...

  • Jefferies banker in divorce scandal takes leave Thursday, 30 Oct 2014 | 2:26 PM ET
    Jefferies Group

    A senior Jefferies banker, Sage Kelly, is on leave after intense publicity around salacious allegations made by his wife in divorce proceedings.