00:00It's Benzinga, bringing Wall Street to Main Street.
00:03J.P. Morgan became the first global banking partner of the Olympic Games ahead of the
00:072028 Los Angeles event, according to CNBC. Terms were not disclosed, but partnerships at the
00:13highest sponsorship level are estimated to cost more than $200 million per four-year cycle.
00:20The agreement covers the LA 2028 Olympic and Paralympic Games and the 2030 Games in the
00:25French Alps. J.P. Morgan also plans to hire more than 100 additional business bankers across
00:31Southern California, increasing its presence there by 30%. The firm also plans to hire more
00:36than 100 additional business bankers across Southern California, a 30% increase. J.P.
00:42Morgan wants to support small businesses so they can capitalize on opportunities created
00:46by the Olympics. For all things money, visit Benzinga.com.
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