Leucadia and US currency broker FXCM have struck a $300 million financing deal that will allow FXCM to continue normal operations.
This development comes after Thursday's shocking announcement from the Swiss National Bank that it would remove its currency peg against the euro, which sent currency markets into turmoil and resulted in heavy losses for numerous currency brokers, including a $225 million loss for FXCM.
Shares of FXCM were down as much as 90% in premarket trading on Friday, but were halted all day pending this news.
Read more Click Here / www.trade4x.net
No comments:
Post a Comment