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House Committee Pressures JPMorgan Chase, Bank of America to Abandon Major Hong Kong Deal - The Daily Hodl

Summary by The Daily Hodl
China hawks in Congress are pressuring executives at the financial giants JPMorgan Chase and Bank of America to back out of their business with a controversial China-based electric car battery firm. Last month, John Moolenaar (R-Michigan), the chair of the House Select Committee on the Chinese Communist Party, wrote to the CEOs of both banks to express “significant concerns” about their involvement in Contemporary Amperex Technology’s Hong Kong …
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DailyTruthReport broke the news in on Tuesday, May 20, 2025.
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