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

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ4O0TR_L.jpg

(Reuters) – JPMorgan Chase (NYSE:JPM) and Co has notified about 1,000 First Republic Bank (OTC:FRCB) 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.