JPMorgan Launches $1.5tn Initiative
JPMorgan Chase has unveiled a major Security and Resiliency Initiative, pledging up to $1.5tn over the next decade to facilitate, finance and invest in industries considered critical to national economic security.
The initiative aims to address urgent requirements in important sectors, from critical minerals to “frontier” technologies, and fortify US supply chains that have been exposed by geopolitical risks and over-reliance on foreign sources.
- JPMorgan Chase plans to invest up to $10bn in direct equity and venture capital to support select US companies.
- The investment bank had already planned to facilitate and finance approximately $1tn over the next decade to support clients in key industries, and now aims to increase this amount by up to $500bn, representing a 50% increase.
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Author's summary: JPMorgan Chase initiates $1.5tn plan.
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