UP TO $5 BILLION OF SUPPORT FOR SMALL BUSINESSES AND $5 MILLION IN CHARITABLE RELIEF
NEW YORK, November 1, 2012 – JPMorgan Chase & Co. (NYSE: JPM) announced today that following the devastation caused by Hurricane Sandy, the company will offer extensive relief across the firm to its customers and the local communities impacted.
“While all natural disasters are heartbreaking, as a New York-based bank, this one literally hits home,” said Jamie Dimon, CEO of JPMorgan Chase. “We have more than 30,000 employees and 10 million customers who have been affected by this storm. We are prepared to offer unprecedented help from all areas of our firm through charitable relief, loans, fee waivers, and other commitments. We plan to be one of the key engines toward this recovery.”
The firm’s pledged relief will include:
“We are calling our clients across the firm,” said Matt Zames, co-Chief Operating Officer of JPMorgan Chase. “These are unprecedented times for New York, New Jersey and the other affected states and everyone’s challenges are unique. We are saying the same thing to everyone, ‘How can we help?’ These programs are the beginning for us. We will be a long-term partner with all of our communities as they rebuild on the road ahead.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.