Millennials Taking a Bad Rap, SEC Inept?, More Bank Layoffs, and More Quotes of the Week
7. Brother, Can You Spare a Dime?
Layoffs at banks, brokerages and other financial institutions more than doubled in May, rising to 4,424 from 1,768 cuts in April. So far this year, the industry has announced 17,284 layoffs, behind only firms in the computer and transportation sectors.
— Kelly Eggers, Dowjones.com