BNP Paribas in New York closed its third party whole loan securitization and collateralized loan obligation/collateralized debt obligation of asset-backed securities businesses late Friday. Officials at BNP sent TS the following statement, but declined further comment. Market conditions have led us to make minor changes to our securitization business in New York, which have resulted in single digit redundancies. However, we continue to operate in the securitization business in New York, where we see many future opportunities.Gregory Lattanzio, head of whole loan trading, David Pawlowski, director in the whole loan trading group and Robert Dempsey, whole loan trader, were among those let go on Friday, according to sources familiar with the situation. In addition, four of BNPs CDO banking team are said to have been let go.Lattanzio, Pawlowski and Dempsey could not be reached for comment.