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A comment on JPMorgan’s small business loans instead went to its biggest customers.

Re:JPMorgan’s small business loans instead went to its bigge... by ineptwriter on Wednesday April 22, 2020 @01:01PM (#22947686)
Hmmm... I'm also curious why JPMorgan Chase only had 4% of the rescue program ($14B out of $349B) when they have 9-10% of the commercial banking market share (IBIS World). Maybe they don't serve small businesses as much as other banks? Or did some other banks get a disproportionately large % of the total?
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Re:JPMorgan’s small business loans instead went to its bigge... by mikekij on Wednesday April 22, 2020 @01:29PM (#22948027)
Could be that the $10M cap means that the share of their biggest customers' PPP loans were a smaller percentage of their customers' bank deposits.
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