JP Morgan Chase - Page 2

“The United States of America is a truly exceptional county,” the chairman and chief executive of J.P. Morgan Chase & Co wrote in his annual letter to shareholders.”But it is clear that something is wrong–and it’s holding us back.”

Employees are being told “to help create an environment for open and honest dialogue.” The document notes descriptors such as “wife” and “boyfriend” are frowned upon, and “partner” is preferred. Not referring to your wife as your wife “offers up the opportunity for more inclusive conversations.”

As more money continues to flow into the pockets of Mexican drug cartels, traffickers need to maintain a solid network of places—often along the southwest border—where they can launder drug money. However, in an attempt to stymie these efforts, several major US banks have been closing numerous branches in the region and shutting down hundreds of customer accounts.

The first fundraising numbers for Hillary Clinton’s White House bid will not be posted until July, but Wall Street took leadership roles in fundraising for both of her New York Senate campaigns, and nine of Mrs. Clinton’s top 20 donor organizations in her 2008 presidential bid were financial services firms. But after six years of a Wall Street donation boycott in retaliation for passing Dodd-Frank, Clinton is the Democrats’ best hope for reviving access to $100s of millions from Wall Street’s firehose of political donations.