JPMorgan Chase & Co has intimated about 1000 First Republic Bank employees that they will not have a job as the banking giant integrates the failed lender which it bought earlier in May, said Reuters citing a person familiar with the matter.

JPMorgan Chase intimates around 1000 employees of First Republic Bank about their job loss

First Republic Bank's (FRC.N) efforts to secure a capital infusion continued without success on Tuesday, as the troubled regional lender started to plan for the possibility it may need to downsize or get a government backstop.

First Republic seeks new ways to escape losses

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JPMorgan Chase intimates around 1000 employees of First Republic Bank about their job loss

First Republic seeks new ways to escape losses