How did Lehman Brothers respond to the subprime mortgage crisis?
        
        
     
    
 replied to:  melintur
         
        
            
            Replied to:  How did Lehman Brothers respond to the subprime mortgage crisis?
         
        In August 2007, the firm closed its subprime lender, BNC Mortgage.
        
        
     
    
 replied to:  hanso
         
        
            
            Replied to:  In August 2007, the firm closed its subprime lender, BNC Mortgage....
         
        1,200 positions in 23 locations were eliminated.