Gleacher & Company Inc (NASDAQ:GLCH)

Gleacher & Co., Inc. is an independent investment bank that provides corporate and institutional clients with strategic and financial advisory services, including merger & acquisition, restructuring, recapitalization, and strategic alternative analysis. It also engages in capital raising, research based investment analysis, securities brokerage services, and residential mortgage lending. The company operates through four business segments: MBS/ABS & Rates, Corporate Credit, Investment Banking and ClearPoint. The MBS/ABS & Rates segment provides sales, trading, research and advisory services on a wide range of mortgage and asset-backed securities, U.S. Treasury and government agency securities, structured products such as collateralized loan & debt obligations, whole loans, and other securities. The Corporate Credit segment provides analysis, sales and trading on a wide range of debt securities including bank debt and loans, investment grade debt, high-yield debt, treasuries, convertibles, distressed debt, preferred debt, emerging market debt and reorganization equities to corporate and institutional investor clients. It also provides trade execution services, liability management, corporate debt repurchase programs and new issue distributions. The Investment Banking segment provides financial advisory and capital raising services in connection with mergers, acquisitions and other strategic matters. The ClearPoint segment originates, processes and underwrites single and multi-family residential mortgage loans. The company was founded in 1985 and is headquartered in New York, NY.