Nation’s largest bank rebuts claims of GOP attorneys general and treasurers, who say the bank mistreats people of faith
WASHINGTON—JPMorgan Chase has become the target of a campaign by Republican state officials seeking to expose what they see as religious discrimination in the bank’s business practices.
Nineteen Republican state attorneys general sent a letter this month addressed to JPMorgan Chief Executive Jamie Dimon, accusing the nation’s largest bank of a “pattern of discrimination” and of denying customers banking services because of political or religious affiliations. In March, 14 Republican state treasurers wrote a similar letter to Mr. Dimon, making the same accusations.
The letters said JPMorgan terminated client accounts due to religious beliefs—which the bank denies—and they also demanded the bank respond to detailed survey questions on issues of concern to conservatives. The survey probes policies around speech freedoms, for example, in a nod to conservatives who believe employees of faith should feel free to express disagreement with workplace priorities such as diversity or climate initiatives they view as progressive.
The Wall Street Journal
By Jathon Sapsford
May 13, 2023