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Mitsubishi UFJ Financial Group Inc. said Thursday it is cutting as many as 90 jobs in London at its U.K. brokerage unit.

“Earnings at the U.K. unit have been hurt as they’ve been affected by the subprime crisis,” said Hiroshi Kutose, a spokesman in Tokyo for Mitsubishi UFJ Securities. Between 80 and 90 jobs will be cut, he said, without naming individuals.

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