- November 1, 2023
- Posted by: legaleseblogger
- Category: Related News
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
# JPMorgan CEO Jamie Dimon warns Texas of damaging business-friendly reputation
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights
Nov 1 (Reuters) – JPMorgan Chase (JPM.N) CEO Jamie Dimon said Texas risks hurting its business-friendly reputation with laws that seek to punish Wall Street banks for policies limiting work with the gun and fossil fuel industries, in an interview with Bloomberg News on Wednesday.
Dimon expressed concern that such laws could harm the state’s reputation as a welcoming place for business. He emphasized the importance of not damaging its business-friendly environment, even in small ways.
The finance industry has faced increasing pressure related to environmental, social, and governance (ESG) investment practices. In 2021, Texas implemented a law that prohibits government contracts with entities that discriminate against the firearms industry.
In a similar vein, Kentucky warned major financial companies, including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N), and BlackRock Inc (BLK.N), about potential divestment due to
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
****** just grabbed a