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by "Bache & Co. was one of the first to utilize Movie Stars, Flying
Acrobats, and, with others, created a (during World War One) "stamp book" that let children purchase stamps, fill a book, and swap it for a United States (Liberty Bonds) Savings Bond. Providing the capital required by many companies who needed funding to switch from making automobiles to fighter planes.
417:, etc.). Harold Bache still came into the office at 36 Wall Street daily, through the private elevator on the street, and attended weekly due diligence meetings in a stuffy room in the middle of the building, possibly designed to minimize these necessarily boring sessions. Bache's Research Department then included a range spanning
453:, operated a worldwide communications system that carried more than 50,000 words of financial information daily over 100,000 miles of private wire, and served several hundred thousand clients ranging from individuals with modest sums to invest to large pension funds, insurance companies and other institutional investors.
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Following the death of Jules Bache in 1944, his nephew, Harold L. Bache, took over the running of the business and the name was shortened to Bache & Company. The New York Herald printed "The late Jules Bache will be appreciatively remembered in the financial and business worlds. In both he was a
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The war years were a trying time for the entire investment banking industry, and "Bache & Co." was in the forefront, guided until his death in 1944, Jules Bache took the lead on making the firm a major US government backed bond "market maker" and major retail seller, where the "Road Show" put on
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World War II forced the closing of all of Bache's overseas offices except for the London office, which remained open throughout the conflict. The firm was among the first to employ women to fill jobs vacated by male employees in the military services. During the war, Bache also introduces the first
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As the Bache Group celebrated its centennial in 1979, it had $ 151 million in capital, some 10,000 shareholders, over 6,500 employees including 2,500 account executives. It was involved in practically every facet of the securities business. Its principal operating subsidiary, Bache Halsey Stuart
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The firm was the first to explore investments in Japan following the war, and one of its early postwar enterprises was the formation of the highly successful Japan Fund, a mutual fund composed exclusively of
Japanese securities. In the 1950s, the firm pioneered American stock brokerage expansion
356:
by reducing the credit extended to the firm's customers and warning them of the possibility of a reversal. Fortuitously, the firm had none of its own capital invested in the stock market and had no investment trusts to protect during the markets decline. In the dark days of the
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In 1890, the firm expanded to open a second office in New York City and a branch office in Albany, the first branch established by any brokerage firm with a direct wire link to headquarters. Among the early clients of J.S. Bache & Co. were such renowned financial leaders as
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in 1911. The firm's expansion in the 1970s was enhanced by its acquisition of
Shields Model Roland. Originally known as Shields & Co., the firm was founded by Paul Shields and merged with Model, Roland & Stone, founded by Leo Model shortly after World War II.
266:
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
500:
from
Prudential for $ 430 million. Bache was re-branded Jefferies Bache and forms the foreign exchange, commodities and listed derivatives division of Jefferies Group, Inc. Jefferies Bache has over 400 employees and operates out of 5 offices around the world.
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Prudential retained the commodities and financial derivatives following the joint venture with
Wachovia. Though the two business did not use the Bache name, Prudential Financial rebranded the two units in 2003 under the Bache name, creating Prudential Bache.
445:
Shields
Incorporated, had memberships on 59 different securities, commodities and options exchanges in the United States, Canada and overseas. It maintained 176 offices in 143 cities in 11 countries as well as the
429:, who managed a bullpen of wannabe analysts in 1965 before he was shipped off to Dallas the next year for reasons not understood until later, when he became the "Mayor of Castro Street" in San Francisco.
303:, an employee and nephew of Leopold Cahn, reorganized Leopold Cahn & Co. as J.S. Bache & Co. Jules Bache was the grandson of an officer who fought under Napoleon and collected art treasures for
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During the 1920s, the firm became a leader in financing railroads, automobile and mining enterprises. It headed the list of stockholders of the
Chicago,
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In the mid 1960s Bache & Co. was the second largest retail brokerage company in the US (and probably the world) after
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to form
Prudential-Bache Securities. In 1991, the usage of the Bache name was discontinued and the firm was renamed
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Jefferies discontinued the use of name April 8, 2015, selling its commodities trading business to
Societe Generale.
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In 1971, Bache & Company became the second major brokerage firm to go public. In 1974, Bache acquired
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for $ 385 million. Prudential dropped the usage of the Bache name in 1991, renaming the division
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221:
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Leopold Cahn & Co. (1879–1892) J.S. Bache & Co. (1892–1944) Bache & Co. (1944-20??)
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A memorial is planned for long-time summer resident H. Virgil Sherrill who died in January
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In 1981 Bache, then known as Bache Halsey Stuart Shields Incorporated, was acquired by
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Want to Keep Offices; J. S. Bache & Co. Seek Injunction Against Threatened Removal
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J.S. Bache & CO. Celebrate; Dinner Marks Thirtieth Anniversary of Firm's Founding
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It may require cleanup to comply with Knowledge's content policies, particularly
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Interest in the Bache Case; Not Lessened by the Stock Exchange Governors' Action
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Bache demonstrated that it would remain a major presence on Wall Street in the
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581:, financial advisor, author, motivational speaker, and television host
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distinguished figure, a man of great acumen and sterling integrity."
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477:. Later, in 2003, the retail brokerage was combined with that of
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596:, whistleblower attorney left amidst disagreements with the firm
563:, American politician and activist, worked as a research analyst
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services. The firm, which was founded in 1879, was based in
742:"Jefferies exits commodities brokerage with Bache book sale"
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The firm traces its roots back to 1879 with the founding of
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George Weiss is Deat at 90; Led Bache & Co. For 4 Years
728:"Jefferies to Buy Prudential Commodities for $ 430 Million"
271:, Inc for $ 430 million and was renamed Jefferies, Bache.
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Leo Model Is Dead; Chairman Of Bache, Model, Roland Firm
421:, a patrician utility analyst and poet who co-authored "
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J.S. Bache & Co. to Share 15% of Profit With Staff
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30:
A major contributor to this article appears to have a
436:, a Chicago-based investment banking firm founded by
365:
employee profit-sharing plan in Wall Street history.
133:in 1981 to form Prudential-Bache Securities, later
845:Financial services companies established in 1879
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527:, investment broker and resident manager of the
202:Bache & Co. Merchant Bankers 1992-Present
299:, a brokerage and investment bank. In 1892,
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850:Former investment banks of the United States
326:In the tumultuous markets brought on by the
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425:" and a street fighter from Brooklyn named
505:Sale by Jefferies and continued operations
496:In 2011, Prudential Bache was acquired by
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61:Learn how and when to remove this message
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234:Bache Halsey Stuart Shields Incorporated
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548:, founder of Hoover Capital Management
236:) was a securities firm that provided
665:. The Southampton Press, May 12, 2010
537:, former professional football player
767:. New York Times, February 25, 1893
686:
677:. New York Times, February 22, 1982
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803:. New York Times, October 29, 1982
457:Acquisition by Prudential Financial
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809:. New York Times, August 18, 1985
779:. New York Times, August 14, 1919
14:
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791:. New York Times, March 31, 1936
773:. New York Times, March 12, 1893
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765:J.S. Bache & Co. to be Tried
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566:Harold "Bud" Meyers, founder of
41:. Please discuss further on the
20:
815:. New York Times, July 3, 1987
785:. New York Times, May 29, 1922
465:Prudential-Bache logo, ca. 1984
251:In 1981, Bache was acquired by
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730:– via www.bloomberg.com.
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687:Boyd, Roddy (April 30, 2007).
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377:Bache & Co. logo, ca. 1959
341:, and acquired control of the
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865:2011 mergers and acquisitions
860:1981 mergers and acquisitions
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613:U.S. House of Representatives
835:Banks based in New York City
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291:, founder of Bache & Co.
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150:Prudential-Bache Securities
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797:. Reuters, March 24, 1981
280:Founding and early history
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840:Banks established in 1879
602:, former chairman of the
589:Franklin Delano Roosevelt
575:, private equity investor
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813:Bache Braves a New World
689:"GLOBAL 'BACHE' FOR PRU"
585:John Aspinwall Roosevelt
492:Acquisition by Jefferies
434:Halsey, Stuart & Co.
222:Halsey, Stuart & Co.
604:American Stock Exchange
646:"Jefferies – Our Firm"
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297:Leopold Cahn & Co.
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101:Leopold Cahn & Co.
801:Bache Gets A New Name
795:Prudential-Bache Link
568:H.J. Meyers & Co.
475:Prudential Securities
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339:Great Western Railway
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257:Prudential Securities
135:Prudential Securities
39:neutral point of view
830:Prudential Financial
498:Jefferies Group, Inc
479:Wachovia Corporation
471:Prudential Financial
389:Bache logo, ca. 1969
359:Bank Holiday of 1933
347:Chrysler Corporation
253:Prudential Financial
208:Prudential Financial
204:Jefferies Group, Inc
182:, principal/receiver
131:Prudential Financial
103:J.S. Bache & Co.
620:, investment banker
483:Wachovia Securities
332:commodities trading
313:John D. Rockefeller
261:Wachovia Securities
230:Bache & Company
220:Major Acquisitions:
154:Bode Stoddard trust
141:, Inc. in July 2011
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343:Ann Arbor Railroad
317:Edward H. Harriman
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246:New York, New York
242:investment banking
191:Financial services
164:New York, New York
92:Investment banking
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438:Harold L. Stuart
232:(later known as
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238:stock brokerage
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419:Charlie Tatham
407:Morgan Stanley
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301:Jules S. Bache
289:Jules S. Bache
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709:on 2011-05-19
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750:. Retrieved
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216:Subsidiaries
160:Headquarters
137:Acquired by
129:Acquired by
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573:Richard Ong
561:Harvey Milk
519:Jules Bache
451:Puerto Rico
427:Harvey Milk
210:(1981–1991)
180:J.S Stodard
120:Jules Bache
98:Predecessor
824:Categories
752:2021-06-16
713:2012-12-18
633:References
579:Suze Orman
556:COLT Group
305:The Louvre
171:Key people
51:April 2018
703:"History"
587:, son of
529:Cleveland
521:, founder
369:1944–1981
321:Jay Gould
146:Successor
43:talk page
398:abroad.
187:Products
88:Industry
746:Reuters
275:History
116:Founder
108:Founded
531:office
319:, and
198:Parent
315:Sr.,
449:and
240:and
126:Fate
111:1879
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
