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Slump in dealmaking leads to fall in profits for Jefferies

Jefferies Financial Group, a New York-based firm, has reported a significant decline in profit in its first quarter results, despite a bump in equities and fixed-income trading. Photo: Jefferies’ Office in Madison Avenue, New York, Getty Images Sales and trading revenue grew 33% to US$639.4m, but this failed to offset a slump in investment banking...

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