Mayor Bloomberg addressed the Wall Street crisis this afternoon, recounting conversations he's had with executives at Bank of America and Merrill Lynch over possible layoffs: "Greg Fleming, the President and COO of Merrill, and Ken Lewis, the President and CEO of Bank of America, have informed me that they believe jobs losses in the New York area will be relatively minimal."
As for Lehman's 12,000 New York area employees?
Like everyone else, I had hoped Lehman Brothers could be saved, along with the jobs that employ more than 12,000 people who live in the New York area. Lehman Brothers had provided countless New Yorkers with an opportunity to pursue the American Dream, and it’s a sad day for our city to see it close its doors. read more »