Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Gleacher to Exit Fixed-Income, in Talks on Combination

Gleacher & Co., the New York-based brokerage that lost $159.8 million in the past two years, will exit the fixed-income business and is in preliminary talks with another company on a possible combination.

The decision will affect about 160 employees in units including mortgage-backed securities and rates and credit products, Gleacher said today in a statement.

Gleacher has been losing staff and clients have reduced or suspended trading because of “questions regarding the strategic direction of the company,” the firm said in its annual report filed March 18. Gleacher also said at the time it has had “significant turnover” among its workers.

Gleacher, whose shares were halted pending the announcement, has plunged by more than half since the end of 2011. The stock closed yesterday at 68 cents.

“The plan does not include the company’s other business operations, principally investment banking,” Gleacher said in the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.