Bank employees that are not being offered jobs at JPMorgan will get an additional 60 days of pay and benefits, the bank said.
1,000 jobs cut at First Republic one month after acquired by JP Morgan Chase
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However, 11 of the nation’s largest banks, including JPMorgan Chase, Citigroup and Bank of America, agreed Thursday to deposit a total of $30 billion in First Republic Bank to rescue the lender from falling stock prices and fleeing deposits.
Janet Yellen says Chinese customers of failed Silicon Valley Bank will get money from U.S. fund
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