Jefferies Group Inc., the investment bank that agreed to be acquired by Leucadia National Corp., said fiscal fourth-quarter profit rose 48 percent, beating analysts’ estimates, as trading revenue surged.
Jefferies Group Inc. agreed to be acquired by its biggest shareholder, Leucadia National Corp., in a $2.8 billion deal the companies said would make the investment bank better able to weather market turmoil.
Citigroup Inc. was fined $2 million after a junior analyst improperly disclosed confidential information before Facebook Inc.’s initial public offering, Massachusetts’ top financial watchdog said.
U.S. Bancorp, the nation’s biggest regional lender, said third-quarter profit climbed 16 percent to a record, beating analysts’ estimates as mortgage-banking revenue more than doubled.
Jefferies Group Inc., the investment bank that helped rescue Knight Capital Group Inc., dropped the most in eight months in New York trading after reporting earnings that fell short of analysts’ estimates excluding gains from the deal.
