money is managed independently by a money manager who buys and sells stocks at his discretion. still, ethics investigator l.j., as you probably remember,b were frankly pilloried over past suspicious trading activity involving the husband of the former speaker ofs the house may want to takeof a closer look, though, as it svs often said here in washington, people who live in glass houses don t throw stones. l.j.. so corrupt. we always wonder how these people go and poor and they. thleave rich .e richer or if they go in rich , they leave richer. it s crazy. thanks, kevin . . , kevibet. so first republic bankuc is the latest regional bank to fail and is much like other the banks, the other banks that collapse first republic push diversity inclusion initiatives and lobbied against regulation. first, the public even argued to regulars that it s, quote, underserve clienthle justified, allowing the banlowek to play ba different set of rules.f that s wh y lee fink is an
layoffs in the history this week. expected to cut as many as 3200 jobs. what is the reasoning behind that? yeah. it s bate of a good news and a bad news story. 3200 is a lower number. they were going to do 6.5% of the 49,100 employees. that was the statement that they put out in the month of october. so they are easing up a little bit. and having had conversation within the entity itself, the exact wording that they used is internal discussions between business heads and top management over the last month. they decided they don t need as many job cuts. it is still a massive set of layoffs, right? and employee levels swell over the last two years or so, particularly in response to the booms when it comes to deals and trading activity. but unfortunately, good times