--Cathy Cunningham
Société Générale has made some cuts, including Abner Figueroa, a director in its asset-backed securitization group. Figueroa handled the purchase and closing of bulk whole loans acquisitions and was let go sometime in the past two weeks, along with other professionals in the group, according to an official familiar with the situation. No further details were available by press time. Jim Galvin, spokesman for the bank, confirmed Figueroa is no longer with the firm but declined all further comment. Figueroa could not be reached for comment.