PYMNTS-MonitorEdge-May-2024

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...

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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...

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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),...

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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...

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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...

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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...

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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...

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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...

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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...

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