Industry News

First Franklin drags on past, present owners

Merrill Lynch plans layoffs, National City ups loss estimates
Published on Sep 17, 2007

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by CareyBot

Merrill Lynch & Co. said it will lay off an unspecified number of workers at its subprime lending subsidiary, First Franklin Financial, which it purchased from National City Corp. earlier this year for $1.3 billion. First Franklin’s previous owner, National ...

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