JPMorgan unit found to have discriminated against conservatives
A JPMorgan spokesperson said the bank's subsidiary has been shut down following the investigation's findings.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
A US investigation found that a JPMorgan Chase Bank subsidiary discriminated against conservative customers. A JPMorgan spokesperson said the subsidiary has since been shut down. A separate report released that week said several large banks may have cited conservative and Christian groups as reputational risks.
Why it matters
The findings put how a major bank treated conservative customers under scrutiny. The separate report raises similar questions about other large banks.
Timeline
- Oct 18, 9:35 AM ET: A US investigation finds a JPMorgan Chase Bank subsidiary discriminated against conservative customers.
- Oct 18, 9:35 AM ET: A JPMorgan spokesperson says the subsidiary has since been shut down as a result of the findings.
- Oct 19, 9:22 AM ET: A report released that week says several large banks may have cited conservative and Christian groups as reputational risks.
Coverage
- Conservative, Christian groups were among those cited as ‘reputational risks’ by banks (mbcpathway.com)
- JPMorgan Chase Bank subsidiary discriminated against conservative customers, US investigation finds (Jerusalem Post)
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