Reuters: Wall St layoffs topped 49,000 last month: NY Assembly Speaker

[NaDiNe]

Wall St layoffs topped 49,000 last month: NY Assembly Speaker
      

NEW YORK (Reuters) - New York's financial industry this year had already laid off 49,340 people by late August, a number doomed to rise in the wake of Lehman Brothers's bankruptcy and Bank of America's embrace of Merrill Lynch, the State Assembly speaker said on Wednesday.
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