First Republic: 1,000 jobs cut by new owner JP Morgan


JP Morgan confirmed that it was cutting roles that were held by workers at the San Francisco-based bank but did not put a figure on the job losses.
"Since our acquisition of First Republic on May 1, we've been transparent with their employees and kept our promise to update them on their employment status within 30 days," a JP Morgan spokesperson said in a statement.
"We…
This story appeared on bbc.co.uk, 2023-05-26.