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...and dumping Bank of America!
Full article here
JPMorgan Chase Opens a New Window. CEO Jamie Dimon Opens a New Window. , for example, defended the bank's Opens a New Window. lending to firearm manufacturers and retailers amid criticism that the company failed to adopt a responsible loan policy for the industry following the 2018 shooting at Stoneman Douglas High School.
After that tragedy, which left 17 students and staff dead, Citibank and Bank of America instituted new policies that potential firearm clients must meet, including prohibiting the sale of guns to anyone under the age of 21.
At the hearing at the House Financial Services Committee Opens a New Window. , Rep. Carolyn Maloney pressed Dimon on whether Chase would institute a similar policy given the bank provides "$273 million of loans for manufacturers of military-style firearms."
The New York Democrat also cited Chase's partial ownership of Remington since the gunmaker filed for bankruptcy last year. Remington produced the gun used in the Sandy Hook Elementary School shooting.
Full article here
JPMorgan Chase Opens a New Window. CEO Jamie Dimon Opens a New Window. , for example, defended the bank's Opens a New Window. lending to firearm manufacturers and retailers amid criticism that the company failed to adopt a responsible loan policy for the industry following the 2018 shooting at Stoneman Douglas High School.
After that tragedy, which left 17 students and staff dead, Citibank and Bank of America instituted new policies that potential firearm clients must meet, including prohibiting the sale of guns to anyone under the age of 21.
At the hearing at the House Financial Services Committee Opens a New Window. , Rep. Carolyn Maloney pressed Dimon on whether Chase would institute a similar policy given the bank provides "$273 million of loans for manufacturers of military-style firearms."
The New York Democrat also cited Chase's partial ownership of Remington since the gunmaker filed for bankruptcy last year. Remington produced the gun used in the Sandy Hook Elementary School shooting.