With nearly $4 trillion in total assets, JPMorgan Chase, the investment bank and financial services company, operator of retail banking brand Chase Bank, is the only national bank that has opened more branches in Connecticut than it has closed between Jan. 2017 and June 2021, according to federal data analyzed by the Hartford Business Journal.
America's largest banks are set to earn hundreds of millions of dollars in fees paid out by the federal government under its Paycheck Protection Program, according to S&P Global.
Late Saturday night, a flurry of Chase bank customers began posting on social media, complaining of money unexpectedly disappearing or appearing in their accounts.
Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.
Officials in Washington are trying hard to minimize the amount of bankruptcies, defaults and foreclosures caused by the coronavirus pandemic. America's big banks are planning for the worst anyway.
As the coronavirus pandemic crushes the global economy, JPMorgan set aside a stunning $6.8 billion worth of reserves to insulate itself from loan defaults.
After planting its flag in downtown Hartford last year amid plans for further expansion in the region, JPMorgan Chase Bank is now eyeing new branch locations in Wethersfield and Farmington.