Leucadia National Corp., the financial firm that provided an
emergency bailout to FXCM Inc., said it has begun to receive
payments from the foreign-exchange broker and expects to recover
more than a quarter of its investment within three months of the
deal's closing.
The comments from Leucadia, the parent company of investment
bank Jefferies Group LLC, came as the company reported weaker top-
and bottom-line results for its fourth quarter.
Leucadia offered FXCM a $300 million rescue package last month
after a surprise surge in the Swiss franc led to big client losses
following the decision by the Swiss National Bank to eliminate the
cap on the currency.
Write to Angela Chen at angela.chen@dowjones.com
Access Investor Kit for FXCM, Inc.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US3026931069
Access Investor Kit for Leucadia National Corp.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US5272881047
Subscribe to WSJ: http://online.wsj.com?mod=djnwires