Leucadia confirms negotiations with FXCM to restructure Loan Agreement terms LeapRate

February 22, 2016 BY LeapRate Staff

Leucadia confirms negotiations with FXCM to restructure Loan Agreement terms

Investment holding company Leucadia National Corp (NYSE:LUK) has confirmed in its annual 10-K filing that it is holding negotiations with retail forex broker FXCM Inc (NYSE:FXCM) to restructure some of the terms of its $300 million loan made to FXCM last January. The loan, negotiated in very short order over the weekend of January 17-18, 2015 following…

February 20, 2016 BY Maria Nikolova

Leucadia's loan to FXCM: $144.7 million repaid, $192.7 million outstanding at year-end

Leucadia National Corp. (NYSE:LUK), which provided FXCM Inc (NYSE:FXCM) with a $300 million loan in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, on Friday published its report for the year to December 31, 2015. The report provides details on the status of the loan repayment, as well as on how…

February 18, 2016 BY LeapRate Staff

FXCM Inc shares rise more than 10% for second straight day. But why?

Renewed speculation on negotiations between FXCM and Leucadia to restructure the 'Leucadia loan' is heating up.

January 12, 2016 BY LeapRate Staff

FXCM posts strong December retail FX volumes at $323 billion, but delays in repaying Leucadia

Following the trend we have seen from other leading retail forex brokers, FXCM Inc (NYSE:FXCM) has reported strong volume metrics for the month of December, which is normally a seasonally slow period. December retail forex volumes at FXCM came in at $323 billion, 8% higher than November 2015 but 9% lower than December 2014. For the full…

December 31, 2015 BY LeapRate Staff

Yet (another) wild day of trading in FXCM shares: up 25% midday before diving to close down 7%

We don't often make predictions at LeapRate, especially when it comes to share prices of publicly traded companies. However this one seems to have panned out. Our first reaction to FXCM's December 11 announcement that it is attempting to renegotiate the terms of its $300 million rescue loan with Leucadia National Corp (NYSE:LUK) was: Without looking…

December 29, 2015 BY LeapRate Staff

FXCM speculation on Leucadia deal renews: shares up 77% then down 20% Monday

If Forex traders like volatility, then they should absolutely love trading shares of FXCM Inc (NYSE:FXCM). After a relatively slow week last week, FXCM shares got back on the rollercoaster they have been riding the past while. Monday saw FXCM shoot up from the open, rising a whopping 77% from their Thursday close of $11.15 (there was…

December 21, 2015 BY LeapRate Staff

FXCM shares up 135% last week: What will this week bring?

Shares of retail forex broker FXCM Inc (NYSE:FXCM) more than doubled in value in the December 14-18 trading week. The move up is a stunning turnaround for FXCM, which has seen its shares slowly decline in value basically since January 2015, when FXCM narrowly avoided bankruptcy from losses suffered in the January 15 surprise 20%+…

December 17, 2015 BY LeapRate Staff

FXCM's wild ride continues: shares up 36% Wednesday

As we predicted earlier this week when the announcement was made, FXCM Inc (NYSE:FXCM) shares are in for a lot of volatility and speculation until the company clarifies the situation. Which announcement? And what situation? First, the stats on FXCM shares the past three trading days: Mon Dec 14 - Closing price $8.08, up 52%…

December 15, 2015 BY LeapRate Staff

FXCM shares soar 52% after Leucadia loan restructuring hint

FXCM shares were actually up 69% at one point, after management gave shareholders hope that there might be life after Leucadia.

December 14, 2015 BY LeapRate Staff

Is FXCM about to restructure its deal with Leucadia?

After its shares dropped to another all-time low Friday, FXCM put out a press release hinting at a reprieve from their very restrictive agreement with Leucadia.

Tag: Leucadia National Corp (NYSE:LUK)