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12/02/07
Bear Stearns cuts 650 jobs as mortgage crisis spreads
Filed under: General, Mortgages
Posted by: Lillian Wong @ 11:47 am

NEW YORK - Battered by the subprime-mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out.  More…

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