CHICAGO/WASHINGTON (Reuters) — into the wake for the U.S. Housing meltdown regarding the belated 2000s, JPMorgan Chase & Co hunted for brand new techniques to expand its loan company beyond the troubled mortgage sector.
The nation’s biggest bank found enticing brand new opportunities into the rural Midwest — financing to U.S. Farmers that has a good amount of earnings and security as charges for grain and farmland surged.
JPMorgan expanded its farm-loan profile by 76 per cent, to $1.1 billion, between 2008 and 2015, in accordance with figures that are year-end as other Wall Street players piled in to the sector. Читать далее