Congressman Al Green Secures Commitment from JPMorgan Chase CEO to Address Bank’s History of Owning Enslaved Persons

May 27, 2021 Issues: Financial Services

(Houston, TX) — On Thursday, May 27, 2021, Congressman Al Green, Chairman of the Financial Services Subcommittee on Oversight and Investigations, questioned JPMorgan Chase Bank CEO Jamie Dimon about the bank’s admitted history relating to the ownership of enslaved persons.

During a virtual hearing hosted by the U.S. House Financial Services Committee styled, “Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies,” Chairman Green asked each bank’s Chief Executive whether their respective banks should materially and publicly atone if their bank had owned enslaved persons or accepted enslaved persons as collateral in the past. Congressman Green referenced Mr. Dimon’s testimony in 2019 in which the CEO acknowledged that JPMorgan Chase had previously owned humans and had accepted human beings as collateral for loans. In the course of their exchange during the hearing, Chairman Green agreed to meet with Mr. Dimon and work together regarding how JPMorgan Chase can atone for its past ownership of enslaved people.

Chairman Green’s Q&A about megabank CEOs willingness to atone if their bank previously owned or accepted as collateral enslaved persons can be viewed HERE.

Chairman Green stated, “There can be no redemption without recompense, and I look forward to undertaking this meaningful reconciliation process. I appreciate Mr. Dimon’s willingness to determine a proper atonement process.”