JPM will invest $10 billion of their own money. They will “facilitate” the rest of the $1.49 trillion (loans, underwriting, advisor, financing etc.,) for its clients.
its probably also only going to established relationships so its not like there is some new grant/investment program from jpmorgan that is being handed out for startups, research and development, etc.
Sounds like marketing. How much is new money and how much is reclassifying things. Also it's probably customer money, not their own.
The way I understand it:
JPM will invest $10 billion of their own money. They will “facilitate” the rest of the $1.49 trillion (loans, underwriting, advisor, financing etc.,) for its clients.
its probably also only going to established relationships so its not like there is some new grant/investment program from jpmorgan that is being handed out for startups, research and development, etc.