Merrill quits subprime lending, cuts 650 jobs
NEW YORK (Reuters) - Merrill Lynch & Co on Wednesday said it will eliminate 650 jobs as it stops making subprime mortgages through its First Franklin Financial Corp unit.
<p><img src="http://feeds.reuters.com/~a/reuters/businessNews?i=Y67MzQ" border="0"></img> (http://feeds.reuters.com/~a/reuters/businessNews?a=Y67MzQ)</p><div class="feedflare">
<img src="http://feeds.reuters.com/~f/reuters/businessNews?i=v8K68jF" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=v8K68jF) <img src="http://feeds.reuters.com/~f/reuters/businessNews?i=lt9ReGf" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=lt9ReGf) <img src="http://feeds.reuters.com/~f/reuters/businessNews?i=cUETM9f" border="0"></img> (http://feeds.reuters.com/~f/reuters/businessNews?a=cUETM9f)
</div><img src="http://feeds.reuters.com/~r/reuters/businessNews/~4/246381753" height="1" width="1"/>
http://feeds.reuters.com/~r/reuters/businessNews/~3/246381753/idUSWNAS372020080305