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Goldman Sachs to cut 3,260 jobs
libor - the rate at which banks lend to each other and the key to mortgage chosits - fell on monday but remained well above the bank rate, at 6.21% . new york (cnn) -- wall street giant goldman sachs will cut 10 percent of its workforce, or about 3,260 jobs, a sources familiar with the investment bank's plans told cnn thursday . goldman and mortgan stanley got approval in september from the federal reserve to function as bank holding companies due to the financial crisis . a relatively small proportion of customers choose a svr mortgage . other lenders since latest, and week's cut in the bank rate by the bank of england to 4.5%, a flurry of lenders announced they would passed on the direcrease in full to svr customers on 1 november . Generated 2008-10-28_7:14
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