Conservatives Shareholders See a ‘Pendulum Shift’ Regarding Political Debanking in America

Published on May 22, 2024

A conservative shareholder group lauded JPMorgan Chase this week for agreeing to take steps against political and religious discrimination. Having succeeded in bringing a shareholder vote to investigate claims that the bank had refused services to conservative customers, the group, which included investor David Bahnsen, lawyers at the Alliance Defending Freedom (ADF), and Bowyer Research, agreed to drop the proposal after a long series of meetings with the bank’s management. Mr. Bahnsen said those conversations, together with some actions taken by JPMorgan Chase, left him cautiously optimistic that a “pendulum shift” may be taking place among some of America’s largest banks, which have been accused of having a left-wing bias when deciding which people can use their services....

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