Economic news

JPMorgan Chase to invest $40 million in Chicago neighborhoods

JPMorgan Chase & Co will invest $40 million in Chicago to fund projects in the city’s most marginalized neighborhoods such as South and West sides.

The investment program in Chicago includes the funding of small business and promotion of job skills training.

JPMorgan is the largest bank in the U.S., with $2.56 trillion in assets. In 2016, the bank earned $24.7 billion.

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