Bear Stearns said today it will merge Irvine-based Encore Credit with Bear Stearns Residential Mortgage, eliminating 310 jobs, to reflect current market conditions. It's unclear how many of the cuts are in Irvine.
In August, the investment bank cut about 100 jobs at Encore, a subprime lender it bought from Irvine's ECC Capital, and about [...]
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