chairman and CEO of JPMorgan Chase

Communities do not trust institutions. This is how we’re regaining it.

Americans have lost trust in the ability of large institutions like the federal government, national media, and large companies – even big banks – to understand or care about their needs.  This view is justified, particularly among communities of color and low-income households.  Simply put, our country has done a bad job of looking out for and creating opportunity for everyone.  We need to better understand the unique needs of communities across the United States and show up, listen, and make the right investments and decisions to regain trust.  Impact is most effective and sustainable when it’s local. Here in

Chase approved to fund about $29 billion to 239,000 businesses

JPMorgan Chase announced today that it has received approval for an additional 211,000 loans through “Round Two” of the Paycheck Protection Program (PPP), totaling about $15 billion to its small business customers. In total, the firm is expected to fund about $29 billion to over 239,000 businesses under the PPP since its inception a little over three weeks ago, helping to support 3 million employees. More specifically about JPMorgan Chase’s lending through the PPP: ·         The average loan amount is $123,000 ·         About 50% of the loans went to companies with fewer than 5 employees ·         Over 75% of the