Merrill quits subprime lending, cuts 650 jobs

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Merrill quits subprime lending, cuts 650 jobs

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07-03-2008, 06:40 AM

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Merrill quits subprime lending, cuts 650 jobs

NEW YORK -- Merrill Lynch & Co. Wednesday said it will eliminate 650 jobs as it stops making subprime mortgages through its First Franklin Financial Corp. unit. New York-based Merrill said it is quitt...

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