Global Brokerage releases Q4 results, repays part of Leucadia Credit Agreement LeapRate

March 20, 2017 BY Valentina Kirilova

Global Brokerage releases Q4 results, repays part of Leucadia Credit Agreement

After the fairly steep decline in trading volumes released in February report, Global Brokerage Inc (NASDAQ:GLBR), recently renamed from FXCM Inc, today announced its fourth quarter results ended December 31, 2016. Fourth quarter 2016 Highlights & Updates: U.S. GAAP net revenues from continuing operations of $80.6 million U.S. GAAP net income attributable to Global Brokerage, Inc. from…

March 10, 2016 BY Mike Fox

Leucadia and FXCM sign MoU to deepen and extend partnership

Leucadia National Corporation (NYSE:LUK) and FXCM Inc. (NYSE:FXCM) today announced that they have entered into a memorandum of understanding to amend the terms of their Amended and Restated Credit Agreement and their Amended and Restated Letter Agreement, each dated January 24, 2015. The nonbinding MOU remains subject to the execution of definitive agreements and Board and regulatory approvals. Leucadia…

December 31, 2015 BY LeapRate Staff

Yet (another) wild day of trading in FXCM shares: up 25% midday before diving to close down 7%

We don't often make predictions at LeapRate, especially when it comes to share prices of publicly traded companies. However this one seems to have panned out. Our first reaction to FXCM's December 11 announcement that it is attempting to renegotiate the terms of its $300 million rescue loan with Leucadia National Corp (NYSE:LUK) was: Without looking…

December 15, 2015 BY LeapRate Staff

FXCM shares soar 52% after Leucadia loan restructuring hint

FXCM shares were actually up 69% at one point, after management gave shareholders hope that there might be life after Leucadia.

May 28, 2015 BY Andrew Saks-McLeod

FXCM Hong Kong to be sold to Rakuten Securities

The imminent sale of FXCM's Hong Kong operations to Japanese giant Rakuten Securities is " is another positive step towards FXCM completing its plan to sell non-core assets and repay the Leucadia loan" says Drew Niv, CEO of FXCM

April 02, 2015 BY Andrew Saks-McLeod

FXCM pays $54 million off its loan from Leucadia

By repaying more than $60 million before April 16, 2015, FXCM has avoided a contingent financing fee of $30 million

March 13, 2015 BY LeapRate Staff

FXCM Inc shares soar 11% in aftermarket trading to $2.39

FXCM has indicated it will rationalize some assets, including the planned sale of its institutional business FXCMPro and its Japan and Hong Kong subsidiaries.

February 20, 2015 BY LeapRate Staff

FXCM Inc shares dip back below $2 as investors begin to lose faith

The change in the effective capital structure at FXCM Inc (NYSE:FXCM) following the $300 million lifeline it received last month from Leucadia National Corp (NYSE:LUK) has left the investment community somewhat unsure as to how to value FXCM going forward. That, as well as how the events of January 15 have affected FXCM's business prospects. Immediately…

January 30, 2015 BY Andrew Saks-McLeod

FXCM adopts 'poison pill' shareholder rights plan

A poison pill helps prevent an unsolicited bid to buy a company, keeping the company under the control of the Board. It is NOT about raising money.

January 24, 2015 BY Mike Fox

Embattled FXCM confident as CEO issues statement, on pace for 'record volumes' for January

Among a general business update provided today, FXCM CEO Drew Niv says firm plans sale of non-core assets to raise cash while also revealing daily volume for January is on pace for company record. Should investors still have cause for concern?

Tag: Leucadia