|
|
News Breaks | | | | March 18, 2013 | | 18:35 EDT |  | GLCH | Gleacher has experienced 'significant' decline in Q1 revenue
In a regulatory filing, Gleacher disclosed that uncertainties regarding the implications of its net losses and management and employee turnover have been aggravated by recent events, including the departure of 20 employees from its credit products group, resulting in further questions regarding the stability and strategic direction of the company and adversely affecting relations with both its clients and employees. A number of trading customers have reduced or suspended trading activities with the company, and new investment banking mandates have dwindled. These events have weakened employee morale, which may lead to additional resignations. As a result, the company has experienced a significant decline in revenue in Q1, and it cannot predict when, or if, it will be able to reduce or reverse this decline and associated losses. | |
|
News For GLCH From The Last 14 Days Check below for free stories on GLCH the last two weeks. |
|
|
| May 9, 2013 | | 17:02 EDT |  | GLCH | Gleacher reports Q1 EPS (15c), consensus (3c)
 Subscribe for More Information | |
|
|
|
|
|
|
