Jefferies Stung by Soured Bets at Asset-Management Unit
Jefferies Financial Group reported a more than 50% revenue decline in its asset-management unit for the fiscal third quarter, totaling $85.6 million.
Jefferies Financial Group's asset-management unit revenue slumped more than 50% in the fiscal third quarter, totaling $85.6 million in the three months through August. Bloomberg Intelligence's Neil Sipes has more. (Source: Bloomberg)
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