The Trader 

Market Outlook: JP Morgan to dish out $20bn

The Trader

The US’s biggest investment bank, JP Morgan Chase, said yesterday that money saved from the new tax regime passed recently by the government will be reinvested in its operations over the next five years.  Wage rises of between $15 and $18 per hour will be given to 22,000 employees; new Chase branches will open in 400 locations and another 4,000 employees will be hired to cover small business lending.  CEO Jamie Dimon said, ‘’having a healthy, strong company allows us to make these long-term sustainable investments’’.

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