New York, January 11 (ANI): Actress Tyra Banks' boyfriend John Utendahl's company Utendahl Capital Management has been hit by economic turbulence, it has emerged.
The firm has reportedly undergone a round of layoffs.
"It's very tense around the office. No one knows what's going on, other than that they're firing people," the New York Post quoted a source as saying.
However, UCM managing director Tom Mandel has refuted reports.
He added that the report of layoffs and firings amounts to "malicious claims made by a former disgruntled employee."
"John Utendahl has been one of the most respected African-Americans on Wall Street for almost 30 years. The firm has no further comment on this matter," the New York Post quoted Mandel as saying.
UCM is the largest African-American-run investment banking firm in the US.
Meanwhile, reports have come Banks is pregnant. (ANI)
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