Up To 50,000 Jobs At Risk In Banks' Collapse

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Lehman Brothers' 26,000 employees started to clear out their offices Sunday as the Wall Street securities firm files for bankruptcy after 158 years in business.

Meanwhile Merrill Lynch, another Wall Street titan, collapsed under the weight of its financial troubles and agreed to be taken over by Bank of America.

The loss of the two storied firms means the disappearance of up to 50,000 jobs in an industry that already has lost 100,000 jobs since the start of the credit crisis a little more than a year ago.



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