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JPMorgan hands out $30 billion in loans to small businesses - memo

JP Morgan Chase & Co. corporate headquarters in New York
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(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..
Date Published: May 19, 2020
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