Leucadia National Corp. (NYSE:LUK), which extended a $300 million loan to FXCM Inc (NYSE:FXCM) in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, has posted its report for the first quarter of 2016, with the document providing an update on the status of the loan repayment and Leucadia's investment in the…
Read moreInvestment holding group Leucadia National Corp (NYSE:LUK) has recently been quite vocal when it comes to FXCM Inc (NYSE:FXCM), to which it extended a $300 million loan following the sharp Swiss franc spike on January 15, 2015. In its annual report for 2015, Leucadia confirmed it was in discussions with the Forex broker over restructuring the…
Read moreLeucadia National Corp. (NYSE:LUK), which provided FXCM Inc (NYSE:FXCM) with a $300 million loan in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, on Friday published its report for the year to December 31, 2015. The report provides details on the status of the loan repayment, as well as on how…
Read moreUS Forex broker FXCM Inc (NYSE:FXCM) today announced the completion of the sale of FXCM Securities Limited to AS Expobank. The report comes several months after LeapRate exclusively reported of FXCM's plans to sell this business to Expobank. FXCM Securities was FXCM's brokerage specializing in exchange traded equities, futures, and options, which was acquired in 2010,…
Read moreFXCM anticipates repaying $33 million outstanding under its agreement with Leucadia and will have repaid $115 million to date, leaving $195 million remaining.
Read moreFXCM Asia Limited says it will continue to service Hong Kong forex traders as “FXCM Asia powered by Rakuten Sec”.
Read moreDuring the conference call on the results for Q1 2015, Drew Niv said Leucadia loan should be fully repaid by this year's end.
Read moreAnother big winner from the Leucadia-FXCM deal was investment bank Jefferies, booking a $21 million advisory fee.
Read moreAre FXCM's shares a potential bargain at below $2? Or are traders convinced there's little upside, even if things go operationally well for FXCM?
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