UPDATE 3-U.S. banks in another mad grab for $310 billion in new small business aid [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
U.S. banks gird for mad grab of another $310 billion in new small business aid - Reuters 5 Min Read WASHINGTON (Reuters) - U.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small business aid released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour. The Small Business Administration (SBA) reopened its Paycheck Protection Program at 10:30 a.m. EDT (1430 GMT), allowing lenders to resume processing applications from businesses hurt by the novel coronavirus shutdown. Several bankers reported experiencing technology problems only minutes into the SBA reopening its loan processing portal, “E-Tran,” which was not designed to handle such huge volumes of traffic. “So ETRAN lasted a whole 2 minutes before crashing. ... It’s going to be a long 48 hours,” tweeted Alec Downing with First Farmers Bank & Trust in Indiana. In an email, the SBA said that due to changes to ensure submissions were fairly paced woul
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News
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website