JPMorgan to cut 1,000 First Republic workers just one month after taking over the failed lender

JPMorgan to cut 1,000 First Republic workers just one month after taking over the failed lender

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JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs — even temporarily — following its takeover of the failed lender. The biggest US bank on Thursday offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still…

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