Jefferies seeks to lift stay in bankruptcy proceeding against Global Brokerage
Jefferies currently intends to seek to lift the automatic stay in the bankruptcy proceeding and to enforce its rights under the term loan.
Jefferies
Jefferies shareholders approve Amended and Restated Certificate of Incorporation
Jefferies Financial Group announces that its shareholders overwhelmingly approved its Amended and Restated Certificate of Incorporation.
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.
Jefferies estimates max loss exposure due to FXCM involvement at $82.8M
Jefferies has a senior secured term loan to FXCM due May 6, 2023, as well as equity interests in FXCM of $46.7 million.
Jefferies estimates its max exposure to loss due to FXCM involvement at $94.8M
In the fourth quarter of 2022, Jefferies had a triggering event to test its investment in FXCM for impairment.
Jefferies Group LLC completes merger with Jefferies Financial Group Inc
Jefferies announces completion of merger of Jefferies Group LLC with and into Jefferies Financial Group Inc.
Jefferies puts maximum loss exposure due to involvement with FXCM at $80M
The report outlines, inter alia, Jefferies’ involvement with provider of online Forex trading services FXCM Group, LLC (FXCM).
CFTC imposes $710M fine on 11 financial institutions for unapproved communication methods
The CFTC has imposed a total penalty exceeding $710 million on 11 major banks, including Citi, Bank of America and Goldman Sachs.
Jefferies Group LLC to merge into Jefferies Financial Group Inc
Jefferies expects to streamline and simplify its corporate structure by merging Jefferies Group LLC into Jefferies Financial Group Inc.
Jefferies puts max loss exposure due to FXCM involvement at $103.1 million
Jefferies’ maximum exposure to loss as a result of its involvement with FXCM amounted to $103.1 million at May 31, 2022.
