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Mon May 21, 2012
CNBC reported this week that First Franklin, the lending subsidiary of Merrill Lynch, is expected to significantly scale back on its lending operations, which could possibly result in the loss of 300 to 400 jobs.
The report goes on to say that Merrill Lynch continues to oversee and run First Franklin’s servicing segment. Market turbulence and deterioration in lending are cited as reasons for the change, according to the CNBC report.
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