NEW YORK: JPMorgan Chase & Co is ready to resume its public-finance business in Texas after being largely absent from that lucrative market for more than a year, following the enactment of two local laws that aim to punish banks for their firearms and energy policies.
The biggest United States bank posted a letter with the Municipal Advisory Council of Texas, an industry association, which it also addressed to the public-finance division of the Texas attorney general’s office.
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