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Report: First Horizon to Lay Off 1,500, Close 50 Offices
Sep 12, 2007American Banker is reporting today that First Horizon will lay off 1,500 employees — 50 percent of its sales force — amid a continuing downturn in the mortgage markets. Company CEO Gerald Baker disclosed the plan during a speech yesterday, and said the financial services provider will also close 50 offices as part of its move. An excerpt:
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MGIC, Radian Merger In Doubt
Aug 09, 2007 -
AHM Receives C&D; Class-Action Trolling Begins; Will File for Bankruptcy
Aug 03, 2007 -
NMN: Fieldstone Not Funding Loans
Aug 03, 2007 -
American Home ‘Delays’ Dividend; Shares Halted on NYSE
Jul 30, 2007 -
The Subprime Epicenter
Jul 28, 2007 -
Bankrate: New Yorkers Pay Most in the Nation for Mortgage Closings
Jul 12, 2007 -
Option One Sees Lehman Credit Line Expire; ‘Dangerous’ Time for Cerberus Deal?
Jul 09, 2007 -
MBA: Subprime Originations For First-Time Home Buyers Jumped in Back Half of 2006
Jul 05, 2007 -
Bear Stearns Allegedly Offers $3.2 Billion to Avert Fire Sale
Jun 21, 2007 -
New York Expands Inquiry into ‘Appraisal Bullying’
Jun 20, 2007
