The U.S. government has urged a federal appeals court not to throw out a former Jefferies Group Managing Director's conviction for defrauding mortgage bond investors after the financial crisis, which the court had warned it might do.
Jefferies, a global securities and investment banking group, has served companies and their investors for nearly 50 years and operates in more than 25 cities around the world.
Citigroup equity sales-trader Michael Ward has quit the firm after 13 years, according to a person with knowledge of his departure.
James Golden, co-head of government-bond trading at Jefferies, left the investment bank, according to a person with knowledge of the matter.
Sage Kelly, the Jefferies banker at the center of a salacious marital scandal, has resigned.
The sharp decline in trading revenue at Jefferies Group is a sign of more pain to come on Wall Street.
Jefferies Group, owned by Leucadia National Corp, said it was in talks to sell its commodities and financial derivatives brokerage, which has been struggling with high costs and falling fees.
JPMorgan put another of its mortgage-bond traders on leave, the latest in a string of suspensions amid regulatory scrutiny of the market, according to three people with knowledge of the move.
Former Jefferies Managing Director Jesse Litvak warned an appeals court that his conviction for securities fraud could be used to ensnare the car salesmen he was compared to at the time of his arrest.
'A substantial portion of what has been written in the press and other media over the past few weeks is inaccurate, untrue or hyperbolic, and I apologize to those who have been affected thereby.
Sage Kelly, the head of health-care investment banking at Jefferies, is on voluntary leave after intense publicity around salacious allegations made by his wife in a divorce proceeding.
Here's the results for the Here Is The City Deep Blue Associates-sponsored '2008 Best Chief Technology Officer / Chief Information Officer Poll'.
Here's the latest on who's on the move.
Jefferies Group has hired John Novak from Citigroup to be co-head of U.S. cash equities sales trading, according to a person with knowledge of the move.
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Jonathan Webb, head of foreign-exchange strategy at Jefferies Group, has left the firm, according to a person with direct knowledge of the matter.
An ex-Jefferies trader convicted last year of lying to buyers and sellers of mortgage-backed bonds may have done nothing worse in one judge’s view than what a homeowner does when selling a house.
Macquarie Group is looking to recruit the precious metals trading team of Jefferies Group's commodities brokerage, two sources familiar with the matter told Reuters on Friday.