FX Guys

Jefferies estimates its max exposure to loss due to FXCM involvement at $94.8M

Investment bank and financial services firm Jefferies Financial Group Inc (NYSE:JEF) has posted its annual report for the year to end-November 2022, with the document revealing details about Jefferies’ involvement with FXCM Group, LLC.

Jefferies’ maximum exposure to loss as a result of its involvement with FXCM stood at $94.8 million at the end of November 2022. This is higher than in the preceding quarter but lower than a year earlier.

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