National Bank of Canada

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BNC, Aurora to Merge; 400 Jobs to be Cut

Jun 13, 2007By

National Mortgage News is reporting today that Lehman Brothers has decided to merge its BNC and Aurora mortgage operations, long rumored to be taking place: Lehman Brothers said Wednesday that it will merge its subprime and alternative-A mortgage units into a single business and trim 400 positions over the next 30 to 90 days.

3d rendering of a row of luxury townhouses along a street

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