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JPMorgan Could Get Shut Out of Louisiana’s Bond Deals Over Gun Stance

From bnnbloomberg.ca

Louisiana Treasurer John Schroder says he’s adamant that his state shouldn’t work with Wall Street banks that have curtailed gun-industry ties, and that could cost JPMorgan Chase & Co. a $700 million bond deal. “You’re not going to impose your will on Louisiana from your corporate board room,” Schroder, a Republican, said in an interview. Schroder said his team has been working with representatives from JPMorgan to get clarification on the company’s gun policies after Chief Executive Officer Jamie Dimon told a Congressional committee earlier this year that his bank won’t finance companies that make military-style ... (full story)

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