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JP Morgan Chase

Health For Extinction Rebellion Hold Climate Inquest At JP Morgan Chase

October 18, 2023 - This morning/lunchtime over 60 health professionals gathered outside JP Morgan Chase’s London Embankment offices to highlight the bank’s leading investment role in the new fossil fuel extraction which is driving increasing levels of climate-related death and suffering. Health for Extinction Rebellion, who have a long running campaign against JP Morgan’s fossil fuel investments, sought to emphasise, through their action today, the intolerable and growing human health impacts of the climate and ecological crisis, and the complicity of firms, like JP Morgan, who continue to drive fossil fuel extraction.

War By Other Means: Short Selling JPMorgan Chase

When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 midsized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. Why not? As was said of Lehman Brothers 15 years earlier, the targeted banks did not fall; they were pushed, or so it seems. One blogger shows how even JPMorgan Chase, the country’s largest bank, could be pushed — not perhaps by local short-sellers, but by China.

Four US Banks Crash In Two Months

I’m Ben Norton, and this is Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, which he does every two weeks with friend of the show Radhika Desai. I had Michael on in March to discuss the collapse of three U.S. banks in just one week – that was Silicon Valley Bank, Signature Bank, and Silvergate Bank. Yet the crisis has continued since then, and I knew I needed to bring back Michael to talk about the latest developments. In just two months, four banks in the United States have collapsed.

Why Did Chase Bank Cancel This Cop City Protester’s Accounts?

Teresa Shen, a 31-year-old therapist living in Brooklyn, checked her mailbox earlier this month and found some perplexing correspondence from Chase Bank, the consumer banking branch of JPMorgan Chase, where she'd been a customer for more than decade. The letters, dated March 7, had surprising news. "One letter said that they were closing my checking and savings accounts," Shen recalled. "Another said they were closing my credit card." Just why Chase was closing Shen's accounts wasn't immediately clear from the letters, which said only that the bank was taking the step "due to a publicly reported financial investigation."

The Caribbean Connection: Jeffrey Epstein And JP Morgan Chase

With convicted sex-trafficker Jeffrey Epstein out of the way and his co-conspirator, Ghislaine Maxwell, on ice for 20 years, the mainstream media gets to do its favorite trick; ignoring, burying or otherwise memory-holing stories the ruling class doesn’t like. With convicted sex-trafficker Jeffrey Epstein out of the way and his co-conspirator, Ghislaine Maxwell, on ice for 20 years, the mainstream media gets to do its favorite trick; ignoring, burying or otherwise memory-holing stories the ruling class doesn’t like. Considering the laundry list of prominent men linked to Epstein, no one else has been held to account for what is arguably the largest sex-trafficking case of the decade.

Indigenous Campaigners Demand JPMorgan End Fossil Fuel Finance

Glasgow, Scotland — Indigenous activists on Wednesday staged a protest outside JPMorgan Chase headquarters in central Glasgow as pressure on banks to halt oil and gas extraction grows. A crowd of over a hundred chanted “enough is enough” and “shame on you” outside the American multinational bank’s office building, just over a mile from where crucial talks at the COP26 climate conference are currently taking place. JPMorgan Chase is the world’s biggest financier of fossil fuels, according to environmental organisations. In 2020 the bank pledged to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining. However, a recent report shows the bank provided £230 billion in support for fossil fuels between 2016-2020.

Wall Street Moving To Make A Mint Off The Mail, JPMorgan Postal Bank

Imagine if activists and elected officials were clamoring for emergency provision of food and McDonald’s offered to place a drive-thru window in every post office. Calling it #postalfood. That makes as much sense as JPMorgan’s Chase recent attempt to place its own ATMs in every post office and call it #postalbanking. According to recent reports, Chase  — the largest bank in the United States, with $3.2 trillion of assets — has offered to lease space from USPS in exchange for the “exclusive right” to solicit postal banking customers. Wall Street has consistently opposed the return of postal banking since its destruction in the 1960s. Chase and other nefarious actors are attempting to prevent competition before it even forms. The 2020 Democratic Party Platform and Biden-Sanders Unity Task Force recommendations both call for postal banking. But they also call on policymakers to separate retail banking institutions from more risky investments and protect consumers from high rates, onerous fees, inequitable credit reporting, and other harms.

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board. The news was buried in a filing with the SEC released on Friday.  Stop the Money Pipeline, a coalition of over 100 groups working to pressure Wall Street institutions to stop financing fossil fuels, have been pressuring JP Morgan Chase for months to kick Raymond off the board entirely. Tens of thousands of activists with organizations such as the Sierra Club, Friends of the Earth and others have sent messages in recent months calling on Chase to remove Lee Raymond from the board.

Bank Invasion — And Please Do It In Your Town

The bank's investments should be known to us if the profiteering is cutting life short. The bank that blew up the Paris Climate Agreement - everyone should know what Chase has done.  Unimaginable streams of money-  $2.6 trillion pouring into destruction: Amazon deforestation, coal power, pipelines, weapons, prisons, Saudi refining and palm oil plantations.  This should be known to everyone.  We should know and the bankers should know that we know.  We carry the karmic visuals right into the lobby and we are immediately told that this is private property and the police are coming for us.  Let them come, they need to know this too.  

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