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by ineptwriter 2242 days ago
Hmmm... I'm also curious why JPMorgan Chase only had 4% of the rescue program ($14B out of $349B) when they have 9-10% of the commercial banking market share (IBIS World). Maybe they don't serve small businesses as much as other banks? Or did some other banks get a disproportionately large % of the total?
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Could be that the $10M cap means that the share of their biggest customers' PPP loans were a smaller percentage of their customers' bank deposits.