Topic: Anne Crowley
Fidelity Investments to cut 1,700 jobs early next year in 2nd round of layoffsFidelity Investments will eliminate 1,700 jobs early next year in a second round of cuts at the nation's largest mutual fund company, which has seen its ...
Fidelity Investments has its own set of subprime woes. In 2002 the Boston firm started a subsidiary called Ballyrock Investment Advisors to create and manage collateralized debt obligations sold to institutional clients. The group, which is separate from Fidelity's mutual fund ...