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Justice John Roberts to investigate the Official I Can’t Be Racist I Have White Friends Shirt so you should to go to store and get this recent findings about undisclosed gifts and trips. In his letter, Wyden asked for a detailed list of all of Thomas’ free flights aboard Crow’s private jets and superyacht, an accounting of federal gift tax returns for gifts made to Thomas or his family and information about three Georgia properties Crow bought from Thomas and his relatives. The letter also asks whether any company Crow owns treated any travel on Crow’s yacht or private jets that included Thomas as business expenses for tax purposes. While there are exemptions from the gift tax for certain payments, Wyden noted, “none of these exemptions appear to apply to any gifts you made to Justice Thomas.” Recommended 2024 ELECTION Ron DeSantis’ trip abroad funded by group long despised by some Florida Republicans 2024 ELECTION Trump gets endorsement from head of Senate GOP campaign committee Wyden asked for answers by May 8. Crow Holdings, of which Crow is chairman of the board, did not immediately respond to a request for comment; neither did the Supreme Court. In a statement this month, Thomas referred to Crow and his wife, Kathy, as “dearest friends” and said that early in his tenure he had been advised that “personal hospitality from close personal friends, who did not have business before the Court, was not reportable.” The Supreme Court last month tightened its rules for what judges and justices need to include in annual financial disclosure statements. Zoë Richards Zoë Richards is the evening politics reporter for NBC News.
CORPORATIONS First Republic bank says deposits tumbled 40% to $104.5 billion in the Official I Can’t Be Racist I Have White Friends Shirt so you should to go to store and get this first quarter The lender said things have stabilized since last month’s banking emergency, but it will still reduce headcount by 20% to 25% in the second quarter. A First Republic bank branch in New York on Monday.Spencer Platt / Getty Images April 25, 2023, 5:14 AM +07 By Jesse Pound, CNBC Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures. The deposit flight at First Republic was worse than Wall Street expected, with analysts estimating the figure at the end of the first quarter to be about $145 billion, according to the consensus estimate from FactSet’s StreetAccount. Analysts’ deposit estimates ranged from $100 billion to $206 billion, according to FactSet. First Republic said Monday that deposit flows have since stabilized. Recommended NEWS Tucker Carlson and Fox News part ways CONSUMER Mortgage fees are rising on home loans backed by Fannie Mae and Freddie Mac “Deposit activity began to stabilize beginning the week of March 27, 2023, and has remained stable through Friday, April 21, 2023. Total deposits were $102.7 billion as of April 21, 2023, down only 1.7% from March 31, 2023, primarily reflecting seasonal client tax payments that occur each April,” the release said. The deposit figure for the end of March included $30 billion in time deposits from 11 larger banks that was announced on March 16 in an attempt to stabilize the broader banking system. If those deposits were excluded, First Republic’s deposits would have fallen by more than 50%. “I would also like to reiterate our appreciation for the group of America’s largest banks who placed $30 billion in uninsured deposits with us, as well as for our state and federal regulators who have continued to provide us with expert support,” CEO Michael Roffler said on the earnings call. Roffler also said that First Republic has maintained over 97% of “client relationships” from the start of the quarter despite the outflows. He did not provide further detail on that point, and took no questions on the call. As part of its earnings release, First Republic announced that it was cutting expenses through reductions in executive compensation, condensing office space and cutting head count by 20% to 25% in the second quarter. First Republic also said in the release it is “pursuing strategic options to expedite its progress while reinforcing its capital position.” The shares, which jumped 12% during regular trading, were off about 20% in extended trading. Jesse Pound, CNBC
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