FXCM Inc. (FXCM), the largest U.S. retail foreign-exchange brokerage, is in talks to raise about $200 million from Jefferies, people with knowledge of the matter said. The people asked not to be identified discussing private information. The company, which handled a record $1.4 trillion of trades by individuals last quarter, said earlier that clients owe $225 million on their accounts after the Swiss National Bank’s decision to abandon the franc’s cap against the euro roiled markets worldwide. “Clients experienced significant losses” after the franc surged, FXCM said in a statement dated Jan. 15. The brokerage’s ... (full story)