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May 21st, 2014

JPMorgan Chase CEO on Detroit investment: ‘That’s what banks do’

Jamie Dimon, CEO of JPMorgan Chase, says that despite a tumultuous year for the bank, its $100 million investment in the city of Detroit is not a PR campaign but an example of the company’s heritage. The city of Detroit filed bankruptcy last year after falling an estimated $18 million into debt.

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