While Silicon Valley leaders were quick to publicly disapprove of President Donald Trump’s new travel restrictions, Wall Street’s top executives took a cautious approach and largely remained silent over the weekend.
The operating committee of JPMorgan Chase & Co., the nation’s biggest bank, emailed a statement to its staff on Sunday afternoon, expressing an “unwavering commitment” to its employees, adding that all of its employees who have come to the U.S. “have adhered to our country’s immigration and employment processes.”
JPMorgan Chase’s operating committee includes its CEO, Jamie Dimon, who is one of the most respected leaders on Wall Street. Dimon has not made any other statement indicating his views on the executive order Trump signed on Friday. The email said that JPMorgan Chase had worked over the weekend with its employees on sponsored visas who are potentially impacted by the executive order.
“We understand that our country, economy and well being are strengthened by the rich diversity of the world around us, where we are dedicated to serving customers and communities in more than 100 countries every day,” the JPMorgan Chase email said.