First Republic Bank

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Retail FX

Republic First Bank Failure to Cost $667 Million, Estimates FDIC

US regulators have seized control of Republic First and facilitated its sale to Fulton.
The acquisition aims to protect depositors and ensure a seamless transition for customers.

Monday, 29/04/2024 | 07:12 GMT by Damian Chmiel

Institutional FX

JPMorgan to Lay Off 1,000 Staff from the Bankrupt First Republic

JPM wants to lay off 1,000 of approximately 7,000 employees of bankrupt FRB.
Before the collapse, the institution had plans to cut its workforce by 25%.

Friday, 26/05/2023 | 07:58 GMT by Damian Chmiel

Retail FX

First Republic Executives Face SEC's Insider Trading Probe

JPMorgan Chase bought First Republic last week.
The regulator is looking into executives' share translations before the sale.

Monday, 08/05/2023 | 04:17 GMT by Arnab Shome

Retail FX

Breaking: JPMorgan Chase Buys First Republic Bank

The Wall Street giant acquires all deposits of First Republic.
On Monday, 84 First Republic branches will open as JPMorgan branches.

Monday, 01/05/2023 | 10:00 GMT by Arnab Shome

Institutional FX

First Republic Bank's Fate in Limbo as FIDC Pushes for a Sale

At least three major banks submitted bids to purchase the troubled bank.
On Friday, the bank's market value tanked from $20 billion to $557 million.

Monday, 01/05/2023 | 05:56 GMT by Arnab Shome

Institutional FX

First Republic Bank Lost $100 Billion in 3 Months, Shares Drop 50%

A month after the first shock, the bank is in trouble again.
The quarterly report caused panic and cut the value of its shares in half.

Wednesday, 26/04/2023 | 09:23 GMT by Damian Chmiel

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