FrugalFannie
NES Member
Earlier this year, JPMorgan CEO Jamie Dimon told a Congressional committee that his bank won’t finance gun companies that make military-style weapons for consumers.
In May, the Texas House of Representatives passed the bill that would block the state and local governments from contracting with banks and other financial-services companies that have policies that limit their work for the firearms or ammunition industries.
Texas’ fast-growing population has made it one of the biggest markets for the muni-bond business and more troubling for the banks in general is the fact that Texas-based issuers accounted for $58 billion of debt sales in 2020, the second-most of any state behind California, according to data compiled by Bloomberg.
In May, the Texas House of Representatives passed the bill that would block the state and local governments from contracting with banks and other financial-services companies that have policies that limit their work for the firearms or ammunition industries.
Texas’ fast-growing population has made it one of the biggest markets for the muni-bond business and more troubling for the banks in general is the fact that Texas-based issuers accounted for $58 billion of debt sales in 2020, the second-most of any state behind California, according to data compiled by Bloomberg.
