US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties

Q: How long will it take to read this news story?

The story "US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties" has 384 words across 12 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties" was covered 5 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 123 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28095816</li><li>URL: https://apeiron.beamstart.com/news/us-lawmakers-urge-jpmorgan-bofa-17452275107882</li></ul>

Business Standard Logo Business Standard 5d ago

US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties - Business Standard

Quick Summary:

CEO Jamie Dimon and Bank of America CEO Brian Moynihan on Thursday received a letter from John Moolenaar, chairman of the United States House Select Committee on Chinese Communist Party (SCCCP), requesting that the banks drop their participation in Contemporary Amperex Technology Co., Limited's (CATL) impending Hong Kong IPO.

According to the letters, there is rising concern that JPMorgan and Bank of America's participation in the CATL IPO directly supports the Chinese Communist Party's continued violations of human rights and military buildup.

The Department of Defense has classified CATL as a "Chinese military company" in accordance with Section 1260H of the National Defense Authorisation Act, according to a report by SCCCP.