UPDATE 1-Morgan Stanley to cut about 600 mortgage jobs
Story date: 2007-10-02 10:09:00
Added on: 2007-10-02 10:33:37
Reuters - ... in recent months by rising defaults in the subprime sector that caused widespread distress among lenders, home ... said it would slash 850 employees in the U.S. and UK on top of the 1,200 it cut when it shut down subprime lender BNC Mortgage Corp
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