JPMorgan hands out $30 billion in loans to small businesses - memo
Share:
(Reuters) - JPMorgan Chase & Co has given out more than $30 billion (24.5 billion pounds) in loans to over 250,000 businesses as part of the United States' coronavirus aid programme for small businesses, Chief Executive Officer Jamie Dimon said in a memo on Tuesday.JPMorgan, the largest U.S. bank, approved more than $45 billion in new credit for its clients impacted by the COVID-19 pandemic in March and April, Dimon said in a memo to stakeholders.Dimon said the size of the average loan under..