Tag: first republic bank
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…
First Republic collapses: Are other US banks at risk?
First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley…
‘First Republic was severely mismanaged, would be held accountable’: White House
Decisive actions taken by U.S. regulators to seize First Republic Bank and facilitate its takeover by JPMorgan Chase & Co will protect depositors and ensure…
Here’s what you need to know about bank failures
Recent turmoil in the banking industry may have you worried about your money. First Republic Bank signs and logos are attached to a window at…
JP Morgan set to acquire assets of First Republic Bank after its closure
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to…
Investors say it’s ‘a slow death’ even as First Republic Bank gets $30 bn fund
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the…