JPMorgan Chase

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NEW CASTLE, Del. (AP) - Banking giant JPMorgan Chase is asking Delaware officials for $1.5 million in taxpayer money to help pay for costs associated with a planned expansion of its workforce.

The Council on Development Finance was scheduled to consider the request at a meeting Monday in New Castle.

JPMorgan Chase asking for a strategic fund capital expenditure grant of up to $1.5 million.

Markell administration officials say the money would be used to support the creation of up to 500 new jobs.

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WILMINGTON, Del. (AP) - A quiet purchase of two downtown Wilmington office towers by JPMorgan Chase this year is adding some certainty to the city's commercial real estate market.

The Wilmington News Journal reports Chase completed the purchase March 26 of two buildings the bank had leased for nearly a decade. The deal is estimated to be worth $87 million.