JPMorgan is cutting about 1,000 First Republic Bank employees
New York [US], May 26 (ANI): JPMorgan Chase informed about 1,000 First Republic Bank employees on Thursday that they will no longer have jobs, according to CNN Business.
JPMorgan acquired most of First Republic's assets earlier this month after the San Francisco-based regional bank was seized by the government, according to CNN Business. It marked the second-biggest bank failure in US history.
A JPMorgan spokesperson told