Leucadia may triple money on FXCM bailout

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Leucadia National said it may triple its money on the bailout of online currency-trading firm FXCM.

Bloomberg News reports that the $300m rescue loan and associated rights are now valued at $947m, Leucadia said Friday in a regulatory filing.

Jefferies, Leucadia’s investment bank, also charged FXCM a $21m fee for putting the deal together, Leucadia said in a separate filing.

FXCM, the largest U.S. retail foreign-exchange broker, almost failed in January after the Swiss central bank decided to let the franc trade freely against the euro. The loan from Leucadia, headed by long-time Jefferies banker Rich Handler, saved the firm from violating capital requirements.

To access the complete Bloomberg News article hit the link below:

Leucadia Says It Tripled Money on $300 Million FXCM Bailout

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