JPMorgan Chase & Co has told customers with personal credit lines at First Republic Bank that it will no longer offer those when they come up for renewal, The Information reported on Thursday, citing correspondence it had viewed.
Though First Republic was widely known for offering generous rewards to staff, some potential rescuers were surprised by the compensation figures on display.
NEW YORK , May 25, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in First Republic Bank ("First Republic" or the "Company") (NYSE: FRC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of First Republic investors who were adversely affected by alleged securities fraud between January 14, 2021 and March 14, 2023.
U.S. prosecutors are reviewing stock trading by some of First Republic Bank's employees during the lender's recent collapse, Bloomberg Law reported on Wednesday, citing people familiar with the matter.
NEW YORK , May 24, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of First Republic Bank. Shareholders who purchased shares of FRC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
NEW YORK , May 23, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of First Republic Bank (NYSE: FRC) alleging that the Company violated federal securities laws. Class Period: January 14, 2021 to March 14, 2023 Lead Plaintiff Deadline: June 23, 2023 No obligation or cost to you.
JPMorgan Chase & Co (NYSE:JPM) has upped its annual forecast for net interest income following its acquisition of failed lender First Republic Bank (NYSE:FRC). The New York City-based banking giant said that its net interest income will rise $3 billion as it brings in more in interest payments from its purchase of First Republic Bank (NYSE:FRC) this year, according to a JPMorgan presentation fo...
JPMorgan raised its 2023 outlook for its net interest income from $81 billion to $84 billion. The bank cited its takeover of First Republic, but added that "sources of uncertainty remain.
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