Industry News

More layoffs at New Century

Auditor resigns as investigations of lender's books broaden
Published on May 4, 2007

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by CareyBot

With no buyer in sight, bankrupt subprime lender New Century Financial Corp. laid off 2,000 workers Thursday, leaving the company with a skeleton crew of 250 who will stay on the job as the company liquidates itself. Another 500 New ...