FXCM with $192.7M Debt, No Guarantee of Deal Restructuring with Leucadia
Posted: Sat Feb 20, 2016 11:09 am
Taking the unusual step of reporting after the close on a Friday last week was Leucadia National Corporation. Within the forex world, Leucadia is best known for having provided $300 million in financing to FXCM following the January 15th 2015, Swiss franc crisis that nearly sent the global broker out of business. In the aftermath, FXCM has been selling non-core assets to cover the debt and are emerging as a retail focused forex broker.
As part of their Q4 results, Leucadia provided an update on their relationship with FXCM. According to Leucadia, as of December 31st 2015, ... (read more)