Press Digest: Financial Times - May 26

First Republic Bank

26/05/2023 01:23

May 26 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    Headlines
    
    - UK decision to bill EU nationals sparks tension with
Brussels 
    
    - JPMorgan to cut 1,000 First Republic employees
    
    - Ministers look at reshaping pensions lifeboat fund to give
boost to business
    
    - Illumina chair ousted in proxy battle with Carl Icahn
    
    Overview
    
    - The UK has started billing thousands of EU citizens
resident in Britain for healthcare and financial support
received raising fresh tensions with Brussels. 
    
    - JPMorgan Chase & Co.  JPM.N  is cutting about 1,000 First
Republic Bank  FRCB.PK  employees following its rushed takeover
of the California-based bank earlier this month.
    
    - UK ministers are considering a reform to the fund that
protects savers in company pension plans that could turn it into
a vehicle able to invest tens of billions of pounds in the
country's businesses.
    
    - Illumina Inc.  ILMN.O  shareholders have voted to oust
company chair John Thompson and approve a nominee supported by
Carl Icahn after a proxy battle led by the veteran activist
investor.    
    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))