08:44 AM EDT, 05/21/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) conservative shareholder David Bahnsen has withdrawn a resolution filed for the bank's annual meeting on Tuesday after it changed policies to consider diverse viewpoints, Reuters reported, citing the investor's representative.

The meeting was to include Proposal 11, a call for the bank to report on how its political and electioneering spending.

Jerry Bowyer, a fund consultant representing Bahnsen, reportedly told Reuters the decision came after JPMorgan ( JPM ) removed certain WePay service restrictions tied to risks like allegations of racism or sexual harassment.

The bank also included a note in a recent climate report affirming to serve customers regardless of viewpoints, Bowyer was quoted as saying.

JPMorgan ( JPM ) has a long-standing policy of not closing accounts based on political or religious affiliation, Bowyer reportedly said.

Neither JPMorgan Chase ( JPM ) nor Bahnsen immediately responded to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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