JP Morgan Chase & Co (Chase) the large US based bank, has responded to the recent poor unemployment figures in the US.
Chase has apparently forecast that the US may have to wait at least four years to recover all of the jobs which have been lost during the recession. Chase has also predictedwhat many US banks have feared, namely that the relatively recent loan and credit driven sub-prime crisis will take years to work its way through the bank and unemployment system. Chase are one of a selection of banks that have recently updated their forecasts in light of recent statistical updates from various governments and quangos around the world.
Chase is famous for numerous financial banking products such as Chase unsecured personal loans and Chase credit cards. Chase, like many banks, has received a fair amount of press coverage due to the bank loan lending it has provided during its recent history.
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