Rumors circulate that Jefferies' (JEF -1.9%) workforce has been cut by 11%, but shares are...

|By:, SA News Editor

Rumors circulate that Jefferies' (JEF -1.9%) workforce has been cut by 11%, but shares are outpacing other banks (XLF -3%) as CreditSights says JEF is considering increasing its level of disclosures made through its financial reports to address concerns about exposure to riskier credits. CreditSights echoes Fitch in saying JEF should be able to weather recent problems.