- A conservative shareholder has withdrawn a resolution filed for a vote at Tuesday's annual meeting of JPMorgan, according to the investor's representative, who said the move reflects changes the Wall Street bank has made to take more account of diverse viewpoints.
And, Bowyer said the family trust appreciated recent comments by JPMorgan CEO Jamie Dimon including critical remarks about proxy advisers in Dimon's annual letter to investors.JPMorgan and other global banks have been under fire from conservative activists who charge they have cut off clients over right-leaning political views, sometimes referred to as "debanking." At the same time other investors have pressed banks to take more account of social and environmental issues.
"We do not and would not close an account due to a client's political or religious affiliation, and we’re making sure to articulate that long-held policy wherever and whenever possible," the representative added. Tedesco's group plans to issue on Tuesday a new edition of its “Viewpoint Diversity” index on major U.S. companies, criticizing many for having vague or subjective terms of service.
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