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Jefferies Donates $12.4 Million From Trading for Ukraine Relief

  • Staffers contributed $700,000, investment bank gave $1 million
  • Funds ‘are going to a cause that’s important,’ Handler says
The Jefferies Financial Group offices in New York.

The Jefferies Financial Group offices in New York.

Photographer: Jeenah Moon/Bloomberg

Jefferies Financial Group Inc. raked in $12.4 million from its trading business Wednesday, money that will be donated as part of the company’s support for the people of Ukraine.

Including employee and company contributions, the investment bank raised more than $14 million, which will be distributed to 20 charities dedicated to Ukrainian humanitarian aid, according to a statement Thursday. New York-based Jefferies saw higher revenue in their trading unit as a result of the charity day, Chief Executive Officer Richard Handler said.