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Article: JPMorgan Chase Clarifies Statement on TARP.
- Article from:
- Business Wire
- Article date:
- December 23, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- After the Associated Press used incomplete information, JPMorgan Chase today clarified its use of TARP funds:
"JPMorgan Chase & Co. is using the TARP funding for the purposes that the government has designated. The company is lending to consumers, small businesses, corporations, municipalities and other institutions in a disciplined and responsible manner."
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations ...