Well, it looks like FXCM is going to soon get another logo change. Just several weeks after it rebranded by incorporating the name of its controlling parent company Leucadia National Corp (NYSE:LUK) into its own logo, FXCM is now looking at a new logo as Leucadia itself is rebranding. Leucadia announced today a number of strategic…
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Some interesting disclosures in the just-filed annual report "10-K" form from investment company Leucadia National Corp (NYSE:LUK) have shed some more light on Leucadia's loan to Retail FX broker FXCM. Leucadia made a $300 million emergency rescue loan to FXCM in January 2015, after FXCM took heavy losses in the hundreds of millions of dollars from…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Leucadia National Corp. (NYSE:LUK) is planning a take a charge to earnings in the neighborhood of $450-500 million when it reports its fourth quarter 2017 results. The culprit? The newly-passed US Tax Cuts and Jobs Act. On December 22, 2017, the Tax Cuts and Jobs Act was…
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LeapRate Exclusive... LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage. Mr. Mazzarese rejoined FXCM in 2015 following FXCM's acquisition of CitiFX's mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post…
Read moreGCAP shares dropped below $9 for the first time since the immediate aftermath of mid-January's Swiss Franc spike.
Read moreFXCM basically giving away Faros to Jefferies LLC - another subsidiary of Leucadia - may indicate who is really calling the shots now at FXCM. And, for who's benefit the company is being run.
Read moreAnother big winner from the Leucadia-FXCM deal was investment bank Jefferies, booking a $21 million advisory fee.
Read moreJefferies LLC, which also advised on the sale of Hotspot FX earlier this week, is running the sale of FXCMPro, as FXCM looks to shed non-core assets. So how much is FXCMPro worth?
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