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0.000110120030833665 0.00037881290606767 0.00231252064750587 0.00297324083250739 0.00319348089417472 -0.00528576148001326 -0.00936020262085667 -0.00936020262085667
Stock impact report

Banks give richest clients special treatment amid pandemic [MSN Money]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MSN Money
The federal governmt’s $9 billion aid program for small busins devastated by the coronavirus pandemic was advertised as first-come, first-served. As many busins owners found out, it was anything but.© Justin Sullivan/Getty ImagThat’s because some of the nation’s biggt banks, including JPMorgan Chase, Citibank and U.S. Bank, prioritized the applications of their wealthit clits before turning to other loan seekers, according to half a doz bank employe and financial industry executiv who spoke on the condition of anonymity because they were not authorized to discuss the banks’ operations.Load ErrorSign up for the Morning Briefing newsletterCustomers of Citi’s private bank, where the minimum account size is $5 million, didn’t have to use an online portal to apply for a loan; they could simply submit paperwork to their banker, who would put in an application on their behalf. At Chase, the nation’s largt bank, nearly all private and commercial banking clits who applied for a small-busins lo Show less Read more
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