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Wednesday, April 7, 2010 as of 11:14 AM ET

Richard Handler

Richard B. (Rich) Handler (born May 23, 1961), is currently Chairman, Chief Executive Officer, and President of Jefferies & Co.

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Jefferies 1Q Net Down 12% On Higher Expenses; Bond Trading Rebounds

Jefferies Group Inc.

's (JEF) fiscal first-quarter profit fell 12% amid higher expenses, but the investment bank's results easily beat analysts' estimates, reflecting a sharp rebound in bond-trading and investment banking activity.The closely watched earnings report bodes well for larger rivals Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), for which fixed income, currencies, and commodities trading, or FICC, is often the driver of big profits. Jefferies is viewed as a barometer of results from those firms, though its fiscal period ends a month earlier than the two, on February 29.Jefferies, which faced questions last fall about its European exposure, also made good on a pledge to continue to operate with a smaller balance sheet, reducing its total assets 1.1% sequentially to $34.6 billion and lowering its leverage to 9.5 to 1 from 9.9 to 1 in the prior period. The figure is used by banks to calculate the ratio of their total assets to equity.In an interview, Chairman and Chief ...

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  1. Jefferies Axes Euro-Zone Sovereign Debt Holdings by 50%

    Feeling the heat from the jittery markets, midsize investment bank Jefferies (NYSE:JEF) said Monday it slashed its holdings of risky sovereign debt from euro zone na...

  2. Jefferies Discloses Euro Exposure

    After assuring investors of its limited exposure to European debt, Jefferies Group Inc. (JEF) experienced another volatile day on the market Friday.Jefferies sought ...

  3. Jefferies Dubs Sovereign-debt Risk 'insignificant'

    CHICAGO -- Jefferies , its shares pressured this week by worries over exposure to European debt, said Friday that it has only "insignificant" interest-rate risk on s...

  1. Jefferies 1Q Results Beat the Street, Shares Rise

    Jefferies (NYSE:JEF) suffered a 12% drop-off in first-quarter profits due to higher costs, but the midsize investment bank’s earnings and revenue surpassed Wall Stre...

  2. Jefferies Beats the Street in 4Q, Bolsters Balance Sheet

    Embattled midsize investment bank Jefferies (NYSE:JEF) revealed on Tuesday a narrower-than-expected 23% drop-off in fiscal fourth-quarter profits as well as a strong...

  3. Jefferies Starts Cutting Workers Amid Stock Drop

    Jefferies & Co. (NYSE:JEF) is slashing its workforce amid a sharp drop in its share price as investors question whether it can remain an independent investment bank ...

  4. Jefferies Mulls its Next Move

    FBN's Charlie Gasparino reports on Jefferies CEO Richard Handler weighing his options on whether the firm can remain independent.

  5. Jefferies CEO Weighing Future as Independent Firm

    As he battles rumors that the brokerage company he runs is the next firm to fail, Jefferies & Co. (NYSE:JEF) Chief Executive Richard Handler is weighing whether the ...

  6. Jefferies Responds to 'Lies and False Rumors' in Letter

    Jefferies Group Inc publicly responded to what it called ``malicious lies and false rumors'' about its operations with an aggressive six-page letter, its latest salv...

  7. Egan-Jones President Defends Report on Jefferies

    Egan-Jones President Sean Egan argues the genesis of issuing a report expressing concern over the amount of leverage and sovereign debt holdings on Jefferies was due to MF Global.

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