JPMorgan Chase announced on Monday that it has invested $5 billion in companies that underpin U.S. national security through the firm's Security and Resiliency Initiative (SRI).
The bank launched the $1.5 trillion SRI last year under its Strategic Investment Group and said that it has financed and facilitated over $230 billion to boost industries, supply chains and technologies that play a critical role in long-term national security and economic resilience.
"Strong economies and national security don't happen by accident. They require investment in critical infrastructure, manufacturing, energy, defense and innovation, as well as policies that encourage growth," said JPMorgan Chase CEO Jamie Dimon .
"Through SRI, we're bringing together capital, expertise and convening power to help strengthen the industries, supply chains and workforce that support economic prosperity and national security," Dimon added.
JAMIE DIMON WARNS OF 5 ECONOMIC THREATS LURKING 'UNDER THE SURFACE'
JPMorgan Chase CEO Jamie Dimon…