JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon asked that businesses and the government use the ongoing pandemic as an opportunity to build a fairer economy for the common good.
The Financial Reality Laid Bare
In a staff memo written before the bank’s annual shareholder meeting Tuesday, Dimon said that the ongoing pandemic caused lockdowns and stay-at-home orders have “laid bare the reality that, even before the pandemic hit, far too many people were living on the edge,” MarketWatch reported.
Data released last week indicates that unemployment in the United States rose to the highest level since the Great Depression. Nonfarm payrolls contracted by 20.5 million workers in April.
Time To Roll Up …
Full story available on Benzinga.com