SMBC to increase equity ownership in Jefferies
SMBC plans to raise its economic ownership in Jefferies to up to 15% on an as converted and fully diluted basis.
SMBC plans to raise its economic ownership in Jefferies to up to 15% on an as converted and fully diluted basis.
Jefferies has a senior secured term loan to FXCM due May 6, 2023, as well as equity interests in FXCM of $46.7 million.
In the fourth quarter of 2022, Jefferies had a triggering event to test its investment in FXCM for impairment.
Jefferies announces completion of merger of Jefferies Group LLC with and into Jefferies Financial Group Inc.
The report outlines, inter alia, Jefferies’ involvement with provider of online Forex trading services FXCM Group, LLC (FXCM).
The CFTC has imposed a total penalty exceeding $710 million on 11 major banks, including Citi, Bank of America and Goldman Sachs.
Jefferies expects to streamline and simplify its corporate structure by merging Jefferies Group LLC into Jefferies Financial Group Inc.
Jefferies’ maximum exposure to loss as a result of its involvement with FXCM amounted to $103.1 million at May 31, 2022.
Leucadia Asset Management today announced a strategic relationship with Illuminate Financial Management.
Jefferies has entered a four-year agreement with Amazon Web Services (AWS) to further modernize the firm’s technology infrastructure.