After First Citizen's axe on SVB, JP Morgan lays off 1,000 First Republic employees2 min read 26 May 2023, 04:20 PM IST
First Citizen has laid off 500 employees of the failed Silicon valley bank, a day after which JP Morgan announced job cut for 1,000 employees of First Republic bank
In March, 2022, United States saw three bank failures- Silicon Valley bank and Signature bank within the same weekend, followed by First Republic Bank. The simultaneous bank collapse in US triggered panic among clients.
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