Jan 04
National City Corporation, one of the 10 largest
banks in the country, will eliminate 900 jobs. The cuts will affect
approximately one-seventh of the bank’s mortgage staff and is the second
major layoff in a little over a year.
And, just to show that the subprime mess is affecting people and
institutions in places one would never have imagined a few months ago,
CNBC is quoting from a leaked internal memo from
executives at Bank of America.