Franklin Resources is laying off 300 employees, or 3% of its workforce, following $120 billion in client withdrawals from its subsidiary, WAMCO. The move aims to stabilize operations amid market challenges. The asset management industry faces increasing competition, prompting firms like Franklin to restructure and adapt to shifting investor demands.
corporation
The future of Fannie Mae and Freddie Mac, key players in the U.S. housing market, remains uncertain. A JPMorgan survey reveals investor division over privatization by 2028 or indefinite government control. The stakes are high, with implications for homeownership, mortgage costs, and taxpayer exposure, as political and economic forces shape their trajectory.
Companies should not sue shareholders over proposals, according to a group of over 40 major institutional investors from the US…
