Jefferies reports record revenues for 2012

The US-based bank is boosted by stellar fixed-income trading performance, which helped offset a flat year for investment banking fees

US-based Jefferies & Co has reported a record year of net revenues, as stellar fixed-income performance helped offset a flat year for investment banking.

The broker dealer yesterday reported results for its fiscal full year to November 30. Net revenues for the period were a record $2.9bn, up 18% from $2.6bn in the previous year.

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