Tag: First Republic

First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan
Posted in US News

First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan

 May 26, 2023  Leave a Comment on First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan

NEW YORK: About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by…

Continue Reading
Former First Republic employees who weren’t offered jobs at JPMorgan “will receive pay and benefits covering 60 days and will be offered a package that includes an additional lump-sum payment and continuing benefits coverage,” the spokesperson said.(AP)
Posted in Business

JPMorgan to lay off nearly 1,000 First Republic employees: Report

 May 26, 2023  Leave a Comment on JPMorgan to lay off nearly 1,000 First Republic employees: Report

JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs — even temporarily — following its takeover of…

Continue Reading
Top five business news of the week: Go First crisis and highest ever GST collection in April.
Posted in Business

Go First crisis to highest GST collection: Top five business news of the week

 May 7, 2023  Leave a Comment on Go First crisis to highest GST collection: Top five business news of the week

The ultra-low-cost airline, Go First, filed for voluntary insolvency and cancelled its flights till May 12 while JP Morgan Chase Bank came to the rescue…

Continue Reading