Sterne Agee Said to Be in Talks on Combining With Gleacher

... the firm lost $159.8 million in the past two years. The decision will affect about 160 employees in units including mortgage-backed securities and rates and credit products, according to a statement from the company. Gleacher has been losing staff ...

http://washpost.bloomberg.com/Story?docId=1376-ML1IWI6S973001-0KTBM5MUNS4K0KG8FQ6D1MUM8L