Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Chase CEO: No Bank is ‘Too Big To Fail’
Posted on November 13th, 2009 No commentsMajor banks shouldn’t be considered “too big to fail” — regulators should have the power to close even the largest institutions, says JPMorgan Chase & Co. CEO Jamie Dimon. Read the Business Journal article.
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Chase Hiring, Increasing Business Lending by $4B
Posted on November 11th, 2009 No commentsJPMorgan Chase announced plans to hire 1,200 mortgage loan officers by the end of 2010 to help customers finance home purchases or reduce their monthly payments through refinances, the Business Journal of Milwaukee reported.
In a separate article, JP Morgan Chase announced it will increase business lending by $4 billion, raising the bank’s total new lending to $10 billion.