Wall Street Firms Bested by Credit Market Woes (NPR)

Story date: 2007-10-04 05:24:43
Added on: 2007-10-04 16:00:14

The problems in the housing and credit markets are leading to more layoffs on Wall Street. Investment bank Bear Stearns says it will trim 310 jobs from its mortgage group. Merrill Lynch fired two senior executives.


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