JPMorgan is set to provide 60 days of pay and benefits to laid-off employees, plus other benefits such as a lump sum payment.
With a large home loan business, First Republic was the 14th biggest U.S. lender at the close of 2022.
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The Rise of AI in Mortgage Origination: Driving Efficiency and Accuracy
Discover how AI is transforming mortgage origination by improving efficiency, accuracy, and customer satisfaction. Explore key trends and real-life examples in this insightful article.
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JPMorgan Lays Off 1,000 First Republic Employees
After buying collapsed bank First Republic, JPMorgan Chase has begun laying off 15% of its workforce, or about 1,000 people. So reports BBC News.
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