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JPMorgan aims to fill the startup banking void after SVB collapse
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JPMorgan aims to fill the startup banking void after SVB collapse
JPMorgan Chase is aggressively expanding its push into startup banking, aiming to fill the void left by the collapse of Silicon Valley Bank in 2023, CNBC writes. The banking giant says it gained three years’ worth of new startup clients in a single weekend as companies rushed to move deposits. Since then, JPMorgan has quadrupled its startup client base to nearly 12,000, supported by about 550 bankers focused on founders and venture capital firm…
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