TechFlow, June 24 — According to the Wall Street Journal, several major U.S. banks including JPMorgan Chase, Citigroup, and Wells Fargo recently held emergency meetings with officials from Texas and Oklahoma in an effort to avoid being excluded from state government contracts due to so-called "woke policies." These states have begun banning certain financial institutions from participating in state contracts, citing discrimination against industries such as firearm manufacturing and fossil fuel extraction. JPMorgan Chase has updated its policy, explicitly stating it will not discriminate based on political stance.
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