Business & Finance
01 June 2023, 5:31 pm 1 minute
Reuters exclusively reported that JPMorgan Chase & Co (JPM.N) will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations.
Market Impact
JPMorgan is the largest U.S. lender, with more than 296,000 employees and 4,800 branches. It plans to invest in opening more locations while also expanding its digital offerings, executives told investors last month.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Credit:
1: https://www.reutersagency.com/en/reutersbest/article/jpmorgan-to-close-21-first-republic-bank-branches/
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