Tag: regional bank
First Republic wants to lay off up to 25 percent of the workforce
Total deposits now stand at $104.5 billion and include $30 billion that 11 major US banks parked with the First Republic in mid-March. If these are added to the remaining…
First Republic plans to lay off up to 25 percent of its workforce – shares fall 21 percent in after-hours trading
new York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially assumed. In March, customers of the institute withdrew deposits of…
First Republic plans to lay off up to 25 percent of its workforce – shares fall 21 percent in after-hours trading
new York The US regional bank First Republic announced on Monday evening that it intends to lay off 20 to 25 percent of its workforce in the current quarter. In…