Bear Stearns, the nation's fifth-largest investment bank, said today it will cut 4 percent of its staff, or 650 jobs, as the mortgage meltdown continues. Cuts are across the board.
The company is cutting mortgage jobs in Irvine, said Jon Prussel, an area sales manager let go today. He did not say how many jobs [...]
Related Headlines
- Bear Stearns to merge Irvine unit, cut 310 jobsposted 61 weeks ago on Mortgage Insider
- Bear Stearns halts lending in Irvine, cuts 150 jobsposted 50 weeks ago on Mortgage Insider
- Bloomberg: Bear Stearns cuts 240 mortgage jobsposted 68 weeks ago on Mortgage Insider
- Impac cuts 350 jobs nationwideposted 67 weeks ago on Mortgage Insider
- Impac Mortgage posts $153 million Q2 lossposted 68 weeks ago on Mortgage Insider
- Impac CEO says company won’t file for bankruptcyposted 68 weeks ago on Mortgage Insider
- Impac’s loss widens, woes mountposted 68 weeks ago on Mortgage Insider
- Impac Mortgage met margin calls, but stopped funding Alt-A loansposted 69 weeks ago on Mortgage Insider
- Impac Mortgage downgraded by Deutsche Bank, stock drops 15%posted 69 weeks ago on Mortgage Insider