Hints and tips:
...The move follows Lehman’s announcement over the summer that it would close its subprime mortgage unit, BNC Mortgage, and eliminate 1,200 jobs....
...Should Wall Street ever have got so involved in subprime mortgage origination? Lehman were first to arrive and first to leave. After the bank bought BNC mortgages in 2004 others followed suit....
...The cuts will come on top of the 1,200 jobs Lehman announced last month when it revealed it would close its subprime mortgage business, BNC....
...Lehman Brothers intends to shut down its subprime mortgage unit, BNC Mortgage, shedding 1,200 jobs and, at least temporarily, leaving a business that has been highly profitable across Wall Street in recent...
...A big write-down is suspected on the sale of mortgage unit BNC Mortgages in August. Here’s Lex on the subject. - 7:15pm, US Federal Reserve Interest Rate decision....
...The cuts will come on top of the 1,200 jobs that Lehman announced last month when it revealed it would close its subprime mortgage business, BNC Mortgage....
...Lehman said last month that it was leaving the subprime mortgage business, shutting down its BNC Mortgage arm and losing 1,200 jobs....
...Accredited Home Lenders said it had stopped taking US mortgage applications and would eliminate 1,600 jobs, Lehman Brothers announced it would close down its subprime BNC Mortgage unit, losing 1,200 employees...
...Accredited Home Lenders said it had stopped taking US mortgage applications and would eliminate 1,600 jobs, Lehman Brothers announced it would close down BNC Mortgage, its subprime unit, losing 1,200 employees...
International Edition