JP Morgan cuts ties with OxyContin maker Purdue Pharma [CNBC]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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US:NYSE Investor Relations:
jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: CNBC
JP Morgan cuts ties with OxyContin maker Purdue Pharma People pass a sign for JPMorgan Chase at it's headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase The move makes J.P. Morgan, the largest U.S. bank by assets, the most high-profile corporation known to have distanced itself from Purdue and its wealthy owners, the Sackler family, amid thousands of lawsuits alleging the company pushed addictive painkillers while downplaying their abuse and overdose risks. J.P. Morgan's decision also underscores a drive among U.S. banks to reassess their relationships with clients and industries in response to controversy and political debates over matters such as immigration detention and mass shootings. After J.P. Morgan informed Purdue in March that it had six months to find another bank, Purdue tapped Dallas-based regional bank Comerica to handle its financial transactions and accounts, the sources said. J.P. Morgan told Purdue that reputational risks associat
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- JPM's page on the SEC website