SMBC Group to purchase up to 4.9% of Jefferies shares
SMBC Group plans to acquire up to 4.9% of the publicly traded shares of Jefferies Financial, reflecting a $386 million equity investment.
SMBC Group plans to acquire up to 4.9% of the publicly traded shares of Jefferies Financial, reflecting a $386 million equity investment.
Michael Porzio joins Currenex after serving as a Senior Vice President at Jefferies Financial in its eFX arm for the past three years.
Jefferies encourages shareholders to approve annual bonuses of $13 million for CEO, Rich Handler, and its President, Brian Friedman.
Jefferies Financial Group estimates that its maximum exposure to loss due to its involvement with FXCM is $133.4 million.
Stuart H. Reese and Robert E. Joyal will not be standing for re-election on Jefferies’ Board of Directors.
Jefferies Financial Group granted each of its Chief Executive Officer and President equity awards with a grant date fair value of $12.5 million.
The amount comprises the carrying value of the term loan and the investment in associated company, which totaled $136.8 million at August 31, 2020.
FXCM UK is the main operating subsidiary of FXCM, so we believe that these results are indicative of what occurred overall at FXCM globally in 2019.
Investment bank and financial services firm Jefferies Financial Group Inc. has reported record revenues and profits for its latest financial […]