UPDATE 2-Lehman to close subprime unit, cut 1,200 jobs
Story date: 2007-08-22 09:54:00
Added on: 2007-08-22 22:35:05
Reuters - ... Brothers Holdings Inc (LEH.N: Quote , Profile , Research ) said on Wednesday it would fire 1,200 workers and take $52 million of charges as it shutters its subprime lender BNC Mortgage Corp, the latest blow for a Wall Street bank involved in home ...
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