What Happened
Bank Invests in Defense and Energy Amid Global Uncertainty
JPMorgan Chase has announced that it has financed $230 billion of projects through its national-security initiative, which aims to protect the US economy from supply-chain disruptions and threats from abroad. The initiative, launched last year, leverages the bank’s $4 trillion balance sheet to invest in critical companies and projects, including defense contractors, energy suppliers, and heavy industrial companies. This investment was reported by the Wall Street Journal.