News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

JPMorgan: Big banks have an obligation to support small businesses in a crisis like this

Crises like this one impact people and businesses in underserved communities the most, and we are only at the start of this one

JPMorgan: Big banks have an obligation to support small businesses in a crisis like this
Photo: Getty Images

As Covid-19 keeps people indoors and online, many businesses are hurting — and some disproportionately. In this pandemic, as in every global crisis, it is readily apparent that small businesses everywhere are being put under unbearable pressure, and for many, it will be too much.

That’s why our firm has deployed $8.5m to support small businesses around the globe. Collaboration between business, government and community organisations is critical to address the impact of Covid-19 on vulnerable small business owners and the communities that they serve – providing them with relief and helping them get on the path of recovery.

WSJ Logo