Record-breaking Day for JPMorgan Treasury
JPMorgan Treasury Services established a new record for its USD fund transfer business with a total of $2.7 trillion in business recorded on 15th of November. This was the first day of business following the merger of its lead banks into JPMorgan Chase Bank. On that day JPMorgan’s global clearing business processed 342,345 items to achieve the new record. Prior to this JPMorgan’s average daily USD funds transfer was 240,000 items with a value of $1.7 trillion.