JPMorgan Denies Account Closures for Political Reasons, Seeks Regulatory Clarity; Central Bank of Libya Clarifies January 27
JPMorgan Chase has publicly stated that it has not closed any accounts for political reasons, responding to concerns about its operations amid a changing political landscape. The bank emphasized the need for regulatory clarity and urged Washington to address existing framework issues. In a statement, JPMorgan expressed its willingness to collaborate with the new administration and Congress to resolve regulatory ambiguities. This comes as the Central Bank of Libya clarified that the U.S. Treasury did not communicate with the Federal Reserve regarding halting financial transactions with the Libyan bank on January 27.
Sources
Energy Headline NewsJPMORGAN SAYS THERE ARE PROBLEMS WITH CURRENT FRAMEWORK WHICH WASHINGTON MUST ADDRESS
First Squawk
JPMORGAN SAYS WE WELCOME THE OPPORTUNITY TO WORK WITH THE NEW ADMINISTRATION AND CONGRESS TO REMOVE REGULATORY AMBIGUITY: STATEMENT
- First Squawk
JPMORGAN SAYS THERE ARE PROBLEMS WITH CURRENT FRAMEWORK WHICH WASHINGTON MUST ADDRESS: STATEMENT