JPMorgan plans to lend $80 billion to US small businesses, hire 1,000 bankers

JPMorgan Chase (JPM) said on Tuesday it plans to lend $80 billion to US small businesses over the next decade and add 1,000 bankers as part of a multiyear push to go after more Main Street customers. The strategy is part of a wider plan that JPMorgan CEO Jamie Dimon said is aimed at “reigniting the American Dream” by pushing for “smart local investments and policies.” Along with extending financing, the bank's “American Dream Initiative” also expands JPMorgan's training and advisory programs for existi ...