First Republic Bank paid some employees salaries of more than $10 mln before collapse

First Republic Bank paid some employees salaries of more than $10 mln before collapse

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First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before its collapse, Bloomberg News reported on Thursday, citing people familiar with the matter. Earlier this month, JPMorgan Chase & Co (JPM.N) agreed to pay $10.6 billion to the Federal…

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