FXCM to write off losses for 90 percent of customers

FXCM, the bailed-out currency broker, is willing to forgive and forget. The company is going to write off losses for 90 percent of its customers — most of them smaller day-trader-type accounts — that amount to about 40 percent of the total company losses, according to a company announcement. FXCM had to get bailed out...