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Late last night Global Brokerage published an announcement that it is filing for Chapter 11 of the United States bankruptcy law and delisting from NASDAQ. Following up on the restructuring announcement, FXCM was granted a twelve-month extension to pay back its remaining loan balance to Leucadia.
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Commenting on the news, the Chairman of the Board of FXCM and Managing Director of Leucadia, Jimmy Hallac, stated: “We are very pleased that ... (read more)