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...Jefferies, which had been the last independent broker-dealer of significant size on Wall Street, was bought out by investment group Leucadia in 2012 to form a financial conglomerate with holdings ranging...
...In 2012 Jefferies shored up its capital base by merging with investment conglomerate Leucadia National, so kept avoiding the trading restrictions imposed on rivals that had taken state bailouts or disappeared...
...Nearly a decade after it was acquired by Leucadia National, it has taken another big step towards winding down the merchant banking business it inherited from the conglomerate....
...” * This article has been amended to note that Leucadia took Jefferies over in 2012...
...chief executive and president of Leucadia....
...Leucadia’s other units included the likes of a car dealership group as well as a meat company, National Beef....
...Leucadia took control of Jefferies, the last independent investment bank of any significant size in the US, five years ago and has poured resources into the business....
...Earlier this week Jefferies’ publicly listed owner, Leucadia Corp, said it would shed about $1.3bn of non-finance industry assets and rename itself Jefferies Financial Group, to better reflect what chief...
...The bank is privately owned by Leucadia National, a conglomerate whose other interests range from mining to healthcare....
...Few financial stocks have done as well in recent months as Leucadia National Corp, Jefferies’ parent, which has surged about 39 per cent since the election....
...the year, combined with the continued positive momentum in all of our businesses, positions us well for 2017,” said Rich Handler, chairman and chief executive of Jefferies, which is privately owned by Leucadia...
...Despite the big rebound in quarterly profit at Jefferies, which is privately owned by Leucadia National, a mining-to-healthcare conglomerate, net revenues for the first nine months of its fiscal year came...
...Shares in Jefferies’ parent company, Leucadia National, were down about 8 per cent by 1pm in New York, underperforming a financials sector about 5 per cent weaker....
...Results from Jefferies, which is privately owned by Leucadia, are watched for what they say about the wider sector....
...There is little evidence of this, and the shares of Jefferies’ parent Leucadia Corporation, a conglomerate whose biggest unit is beef processing, have nearly halved since it acquired the bank in 2013....
...Jefferies, which was acquired by US conglomerate Leucadia for $3.6bn in late 2012, said that market conditions have improved since the middle of February, polishing the value of its equity positions and...
...Jefferies, which is privately owned by Leucadia, said that its first-quarter net revenues tumbled across the board, from capital markets (-28 per cent) to asset management (-20 per cent)....
...InterActiveCorp and Expedia, for instance, took personal flights worth $834,000 on the company jet in 2005, almost half the $1.7m he spent in 2014, while the amount spent on non-business trips by executives at Leucadia...
...Related link: Leucadia’s swanky website Hapless horde of retail forex traders take hit in Swiss havoc – FT...
...UK-based Alpari filed for administration on Monday after its clients sustained heavy losses, while US-based FXCM had to accept a $300m lifeline from Leucadia National after concerns that it would breach...
...“We could not be more grateful to Leucadia and its team for their rapid and effective response and to our regulators,” said Drew Niv, FXCM chief executive....
...US-based FXCM, which handled a record $1.4tn in trades made by individuals last quarter, took a $300m cash lifeline from Leucadia National, owner of investment bank Jefferies, to ward off fears it would...
...The results were brought forward to Tuesday evening – from their scheduled release later in the month – to allow the bank to take a victory lap at the investor day for Leucadia, its parent company, which...
...Harbinger Group, meanwhile, did not immediately name a replacement chief executive, but Joseph Steinberg, founder of the investment company Leucadia National, which owns 19.6 per cent of Harbinger, will...
...The letter capped a difficult week for the bank, which is now owned by Leucadia, a conglomerate that also owns meatpacking and timber businesses....
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