JPMorgan Chase CEO on Detroit investment: ‘That’s what banks do’Play Video - 4:07
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.