Sounds like marketing. How much is new money and how much is reclassifying things. Also it's probably customer money, not their own.
mnky9800n•3mo ago
its probably also only going to established relationships so its not like there is some new grant/investment program from jpmorgan that is being handed out for startups, research and development, etc.
kamaraju•3mo ago
The way I understand it:
JPM will invest $10 billion of their own money. They will “facilitate” the rest of the $1.49 trillion (loans, underwriting, advisor, financing etc.,) for its clients.
killingtime74•3mo ago
mnky9800n•3mo ago
kamaraju•3mo ago
JPM will invest $10 billion of their own money. They will “facilitate” the rest of the $1.49 trillion (loans, underwriting, advisor, financing etc.,) for its clients.