Bache and Company
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| Industry | Investment banking |
|---|---|
| Fate | Acquired by Prudential Financial in 1981 to form Prudential-Bache Securities, later Prudential Securities Acquired by Jefferies Group, Inc. in July 2011 |
| Predecessor | Leopold Cahn & Co. J.S. Bache & Co. |
| Successor | Prudential-Bache Securities |
| Founded | 1879 |
| Founder | Jules Bache |
| Headquarters | New York, New York |
| Products | Financial services |
| Parent |
Bache & Co. Merchant Bankers 1992-Present Jefferies Group, Inc (2011–2015) Prudential Financial (1981–1991) |
| Subsidiaries | Major Acquisitions:Halsey, Stuart & Co. |
Bache & Co. Merchant Bankers 1992-Present
Bache & Company (later known as Bache Halsey Stuart Shields Incorporated) was a securities firm that provided stock brokerage and investment banking services. The firm, which was founded in 1879, was based in New York, New York.
In 1981, Bache was acquired by Prudential Financial to form Prudential-Bache Securities. In 1991, the usage of the Bache name was discontinued and the firm was renamed Prudential Securities, a predecessor of the investment banking operation of Wells Fargo, via its acquisition of Wachovia Securities.
Prudential Financial retained the commodities and financial derivatives businesses, keeping them separate from the joint venture. In 2003, the firm revitalized the Bache name, creating Prudential Bache. In July 2011, the Bache Institutional Group was acquired by Jefferies Group, Inc for $430 million and was renamed Jefferies, Bache.
As of 2016, only the Merchant Banking Division of Bache & Co. utilizes the Bache name, headed by L. Edward Bache Sr., (aka Larry E. Bache, Sr.) Managing Director, the firm is based in Crystal Beach (Clearwater / Palm Harbor), Florida. (hereinafter "Bache & Co.")
Florida based "Bache & Co." trades for its own accounts, primarily in Commodity Arbitrage, physical precious metals, rare art, stamps, and Numismatic value based rare coins, The Firm provides venture capital and loans to emerging growth companies, and per its last audit, is a consultant in SEC Regulation A+ securitizations of stocks, bonds, and mortgages. "Bache & Co." held/Holds positions in The Federal National Mortgage Association (Fannie Mae - The Nations Largest Mortgage Conduit), The Federal Home Loan Mortgage Corporation (Freddie Mac - The Primary National Mortgage Conduit for small and mid sized Banks, Federal Savings Banks, Thrifts, Merchant Banks, and Mortgage Corporations), The Dallas Gold & Silver Exchange (NYSE "DGSE"), Atlantic Federal (AtFed.com), The Rare Coin News - a web publication that searches the web and aggregates all news relative to keywords form the coin industry, and is in the process of putting online, out of print - old media data relating to coin collecting, including US Mint publications and Reports dating back to late 1780's , in a searchable format that can provide smaller companies with a free RSS Newsfeed, The National Numismatic Network - a National Network of Coin and Collectible Dealers who will utilize Software designed by "intelco" - the Firms in house software developer, The Electronic Medicare Insurance Exchange (Founding Member), LawsuitsRus.com a division that generates leads for attorneys and helps individuals find counsel, with approximately 100 additional media Apps and websites, all designed to generate traffic (leads) that can be sold on the firms "Big Data" lead trading Ping/Post Tree, which when completed will operate under the name "SeachTronics.com", and have the only known easy to use "Big Data" Search Portal, SearchTera.com".
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