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JPMorgan to Lay Off 1,000 Staff from the Bankrupt First Republic

First Republic Bank (FRB) was one of the main players in the distress that passed through the American banking sector in recent months. Wanting to nip its growth in the bud, the Californian regulator took control of the bankrupt institution and sold its assets to JPMorgan Chase. Almost a month later, the new owner announced that 15% of the current workforce, or 1,000 people, would lose their jobs as part of the restructuring. This number may increase over time.JPMorgan Chase Lays Off Workers fro... Read More

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Jpmorgan

000 Staff

From

Bankrupt

First

Republic

Forex

Posted: May 26 2023, 07:58

Author Name: financemagnates

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