JPMorgan is cutting about 1,000 First Republic Bank employeescnn.com/2023/05/25/business/jpmorgan-chase-first-republic-bank-employees/index.html
JPMorgan Chase informed about 1,000 First Republic Bank employees on Thursday that they will no longer have jobs.
JPMorgan acquired most of First Republic’s assets earlier this month after the San Francisco-based regional bank was seized by the government. It marked the second-biggest bank failure in US history.
A JPMorgan spokesperson told CNN that the bank updated all First…
This story appeared on cnn.com, 2023-05-26.