News Formal

JPMorgan to hire more than 500 small-business bankers over 2 years

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

JPMorgan Chase & Co , the largest U.S. lender, plans to hire more than 500 bankers catering to small businesses through 2024, the company said on Wednesday.

, the largest U.S. lender, plans to hire more than 500 bankers catering to small businesses through 2024, the company said on Wednesday.

The new recruits will boost the bank's workforce serving small enterprises by 20% from more than 2,300 currently. "Small business owners are facing difficult challenges with persistent inflation, supply chain disruptions, and expense pressure," Ben Walter, JPMorgan's chief executive officer of business banking, said in a statement. The added staffing signals the company's "intent to support them through the business cycle."

A majority of small business owners surveyed by JPMorgan expect a recession this year but they also remain optimistic, with two-thirds seeing increased sales and 65% anticipating higher profits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan’s Chase to hire 500 bankers to expand small-business relationshipsChase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co , said it plans to hire more than 500 bankers over the next two years as it...
Source: MarketWatch - 🏆 3. / 97 Read more »