JPMorgan’s Progressive, Anti-Faith Agenda, by Matthew Mohlman

JPMorgan Chase is the nation’s largest bank, and it continues to get bigger—thanks to rent-seekers in government and its own inertia. It also continues to promote a progressive, anti-faith agenda. For that reason, conservatives and Catholics have begun to realize that we do not owe JPMorgan its market share—in fact, we should be actively avoiding the banking giant.

The financial services leviathan covers the continental United States, being well-positioned as the first and only bank with branches in all lower 48 states (4,800 branches in total). It has more deposit and credit card business than any other bank, along with more investment banking revenue than the other big players, Morgan Stanley and Goldman Sachs. When the banking system panicked this spring, $50 billion floated from smaller banks into JPMorgan. Then it got even bigger with a government-backed sweetheart deal to acquire the failed First Republic Bank. …

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