This article written by Tory Newmyer is published by Washington Post:
A day after JPMorgan Chase announced it would freeze its political contributions in the wake of the Jan. 6 attack on the U.S. Capitol, the nation’s largest bank made an unpublicized move indicating it may not be eager to overhaul how it does business in Washington.
The company wrote the Securities and Exchange Commission asking the agency to block activist investors from forcing the bank to provide a fuller accounting of its political spending. Specifically, the shareholders, organized by social impact investment firm Rhia Ventures, want JPMorgan to report on how its campaign giving squares with its stated commitment to a lofty set of values.
The full article can be read through this link.
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