Daily News: January 25, 2013

Labor Union Federation Seeks JPMorgan ‘Break-Up’


Reuters reported that a federation of U.S. labor unions is looking to force JPMorgan Chase’s board to consider breaking up the company after the disastrous “London Whale” affair, but the bank is trying to ensure that its shareholders do not get to vote on the union’s proposal.

Reuters said, according to a letter sent to the SEC earlier this month, the bank is seeking permission to omit the proposal from the measures that shareholders will vote on this spring.

To read the entire Reuters article, click here.