Leucadia National Corp, a financial holding, famous for providing a loan to FXCM after Swiss National Bank cap removal, has reported its Q1 earnings.
Most of the investors are focusing on information about the FXCM aid from the company. The earnings report showed that one part of Leucadia family, the investment bank Jefferies Group LLC earned $21 million advisory fee from the agreement.
As for Leucadia, earnings report provided an information about the $300 million loan to FXCM connected to $687 million for Leucadia from the deal. This only points to a desperate position of FXCM after the crash on Black Thursday as the company thus has to pay extraordinarily high interests for Leucadia’s aid.
Net revenues of the Leucadia Group during the first quarter rose to $3,184 million, while net income rached $374.4 million.
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