First Republic Bank

JPMorgan Chase to Add 500 Branches, Renovate 1,700 Existing Locations
JPMorgan Chase to Add 500 Branches, Renovate 1,700 Existing Locations
February 06, 2024  |  Banking

J.P. Morgan Chase, one of the largest banks in the United States, reportedly plans to open more than 500 new bank branches over the next...

READ MORE >
JPMorgan Pursues Silicon Valley Startups and VC Backers
JPMorgan Pursues Silicon Valley Startups and VC Backers
October 11, 2023  |  Startups

JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in...

READ MORE >
FDIC Review Identifies Supervision Shortcomings in First Republic Bank’s Failure
FDIC Review Identifies Supervision Shortcomings in First Republic Bank’s Failure
September 08, 2023  |  Banking

The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8),...

READ MORE >
JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
June 01, 2023  |  Banking

J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, First Republic Bank. About 100 employees will be affected by the closures, Reuters reported...

READ MORE >
Banking Crisis Saps FDIC Insurance Fund
Banking Crisis Saps FDIC Insurance Fund
June 01, 2023  |  Banking

The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data released by the Federal Deposit Insurance Corp. (FDIC) Wednesday...

READ MORE >
Report: 15% of First Republic Workforce Being Cut After Acquisition
Report: 15% of First Republic Workforce Being Cut After Acquisition
May 25, 2023  |  Acquisitions

JPMorgan Chase is reportedly cutting about 15% of the workforce from First Republic Bank. The move follows JPMorgan Chase’s May 1 acquisition of the bank that had been struggling for weeks...

READ MORE >
SVB’s ‘Twitter-Fueled’ Collapse Makes Banks Reassess Social Media
SVB’s ‘Twitter-Fueled’ Collapse Makes Banks Reassess Social Media
May 18, 2023  |  Banking

Lenders are reportedly examining their social media strategies following recent banking failures. Banks around the country have begun coming up with plans to counter online...

READ MORE >
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023  |  Bank Regulation

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...

READ MORE >
Report: JPMorgan Chase Not Looking to Buy Another Bank
Report: JPMorgan Chase Not Looking to Buy Another Bank
May 16, 2023  |  Acquisitions

It’s “unlikely” J.P. Morgan Chase would acquire another struggling bank. That was J.P. Morgan Chase CEO Jamie Dimon’s answer to a question asked Tuesday (May 16) during the...

READ MORE >