JPMorgan funds funds $15 billion in emergency relief fund for NJ

NEW YORK — JPMorgan is the latest major financial institution to raise $15.3 billion to help with the fallout from Hurricane Sandy, the largest financial rescue fund in the nation, the New York Stock Exchange announced Thursday.JPMorgan and New Jersey have agreed to provide $10.3 million in aid to the New Jersey and New York metropolitan areas, the exchange said.

The New York City Stock Exchange and the state’s Department of Labor, Wage and Employment Services also have agreed on the need to step up their response to the storm, it said.

The state also is requesting $4.3,000 to help pay for disaster relief efforts.