OtherNet revenues were $1.4 million for the quarter ended June 30, 2012, a decline of $1.2 million compared to the first quarter of 2012 and $0.3 million compared to the second quarter of 2011. The reduction in net revenues when compared to the first quarter of 2012 is due to lower net interest income. Net revenues were lower when compared to the second quarter of 2011, primarily due to the changes in value of the Company’s FATV investment.
Gleacher & Company Reports Second Quarter 2012 Financial Results
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