More Wall Street layoffs as mortgage problems continue

Bear Stearns, which saw two hedge funds collapse and a dramatic slide in earnings this summer, said it would lay off 310 workers and combine its two mortgage businesses. Meanwhile, Credit Suisse said its mortgage market woes could linger for up to 18 months. Merrill Lynch has also let go of executives involved in its subprime losses.

View Full Article in:

NYTimes.com · Financial Times (free content) · Wall Street Journal, The

Published in Brief: