The largest banks in the country get back into the business of writing loans to businesses and consumers for the second year of dismal returns from domestic investment trading.
This increase in lending, by itself, will not add a lot of future economic growth, though, at least if the economy does not grow and create more demand for loans. But as businesses - especially small and medium businesses - get back on their feet, they are going hat-in hand to bankers to finance most of the new equipment and technologies to increase production.
"We see a mild recovery, which may actually be increasing, and it is a broad," CEO Jamie Dimon JPMorgan Chase told investors after the announcement of its latest quarterly earnings on Friday. "Hopefully, it will add to new jobs. We have seen jobs growing ... this is not enough, but it can be self-sustaining. "
This increase in lending, by itself, will not add a lot of future economic growth, though, at least if the economy does not grow and create more demand for loans. But as businesses - especially small and medium businesses - get back on their feet, they are going hat-in hand to bankers to finance most of the new equipment and technologies to increase production.
"We see a mild recovery, which may actually be increasing, and it is a broad," CEO Jamie Dimon JPMorgan Chase told investors after the announcement of its latest quarterly earnings on Friday. "Hopefully, it will add to new jobs. We have seen jobs growing ... this is not enough, but it can be self-sustaining. "
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