JPMorgan announces US$5B in investments in companies critical to U.S. national security - BNN Bloomberg
Original article ↗Key figures
NEW YORK — JPMorgan Chase said it has invested US$5 billion in equity in industries critical to US economic and national security, as banks seek to capitalize on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience.
The lender also announced it has financed about $230 billion under its Security and Resiliency Initiative since launching the effort a year ago, when it committed to financing $1.5 trillion of US investments in the next decade, including in national security.
Bank of America BAC.N in August said it plans to invest $250 billion by July 2027 to support US digital and infrastructure projects.
Morgan Stanley MS.N has also said it would facilitate roughly $1.5 trillion in investments over the next decade for technology and infrastructure projects.
Quoted verbatim from the article — not summarised.
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Excerpt from BNN Bloomberg
NEW YORK — JPMorgan Chase said it has invested US$5 billion in equity in industries critical to US economic and national security, as banks seek to capitalize on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience.
The lender also announced it has financed about $230 billion under its Security and Resiliency Initiative since launching the effort a year ago, when it committed to financing $1.5 trillion of US investments in the next decade, including in national security.…
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