Job Toss

May 1, 2008 12:00 PM, Kristen French


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New York City's Independent Budget Office estimates that the city could lose over 20,000 jobs in the financial sector over the next two years as the mortgage credit crisis squeezes Wall Street profits. New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2007 after-tax loss of $10.64 billion, compared with a $4.92 billion after-tax profit in the year-ago quarter, according to the NYSE.


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Humbled But (Somehow) Triumphant

By Kristen French With reporting from John Churchill and Halah Touryalai
October 1, 2008

Rescued by Bank of America from its near-death experience, Merrill Lynch is still managing to set the industry standard.



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