Industry News

Layoffs in lending top 13,000 in one week

Lehman closing BNC Mortgage, firing 1,200 workers
Published on Aug 23, 2007

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by CareyBot

Lehman Brothers Holdings Inc. announced Wednesday it will lay off 1,200 workers as it closes its subprime lending subsidiary, bringing to more than 13,000 the number of layoffs announced by mortgage lenders in the last week. Lehman Brothers said it ...