Here’s how much money banks snagged for distributing PPP funds

Big banks bagged a fortune in fees from distributing cash in the US government’s aid program for small businesses stricken by the coronavirus, according to fresh data. JPMorgan Chase reaped $864 million as it handed out $28.8 billion in loans for the Paycheck Protection Program, according to an analysis by S&P Global Market Intelligence. Bank...

from New York Post https://ift.tt/3iBttOt