Wednesday, 31 May 2023


JPMorgan tells 1,000 First Republic employees they’ll lose their jobs

JPMorgan tells 1,000 First Republic employees they'll lose their jobs - Bloomberg News


© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar


(Reuters) – JPMorgan Chase (NYSE:) and Co has notified about 1,000 First Republic Bank (OTC:) employees that they are not being given jobs, even temporarily, following its takeover of the failed lender, Bloomberg News reported on Thursday, citing a person with knowledge of the matter.

JPMorgan did not immediately respond to a Reuters request for comment.

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