Sovereign Bancorp cutting 1,000 jobs

Full story: InYork
PHILADELPHIA -- Sovereign Bank, the banking unit of Sovereign Bancorp Inc., said Friday it is cutting 1,000 jobs, or 8.3 percent of its work force, in an effort to reduce costs amid the economic downturn. Full Story

United States

#1 Dec 20, 2008
The Pullo legacy. So much for our local banks. Gone, forgotten, out of business.

Willow Street, PA

#2 Dec 22, 2008
I'm an ex-Yfed'er myself. I prefer to blame Angelo, he's the one that really ran it into the ground.

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