This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

J.P. Morgan Renews Commitment To Bankers Without Borders With $1.5 Million Grant

J.P. Morgan announced a $1.5 million grant today, made through the JPMorgan Chase Foundation, to renew its commitment to Bankers without Borders, a global volunteer program that supports economic development in the world’s most poverty stricken communities. J.P. Morgan’s grant allows Bankers without Borders to develop a scalable platform that connects institutions serving the poor with volunteers from companies who provide business skills, passion and private-sector resources to fight global poverty.

“At J.P. Morgan, we believe in investing in our people and communities,” said Mike Cavanagh, co-CEO of the Corporate & Investment Bank. “The partnership with Bankers without Borders enables employees to utilize their skills to help emerging market enterprises build the technical capacity they need to thrive.”

Since the inaugural sponsorship in 2010, J.P. Morgan’s involvement has grown and transformed with Bankers without Borders, a Grameen Foundation initiative. Hundreds of J.P. Morgan employees have committed their time and expertise to Bankers without Borders, collectively contributing 8,800 hours of service globally.

In Bangladesh, one J.P. Morgan volunteer leveraged his knowledge of local affairs and advisory expertise to structure a deal between a non-profit institution and a local small business to distribute goods to rural communities. The resulting partnership employs over 12,000 women entrepreneurs to sell the goods, including food and basic toiletries, improving market access for more than 10 million consumers living near the poverty line. Another volunteer worked with a Ugandan financial institution to conduct research on the mobile banking sector and identify challenges and opportunities that would promote financial inclusion for the world’s poorest.

Through on-site technical assistance, training and mentoring, or remote consulting projects, Bankers without Borders’ volunteers work to increase the scale, sustainability and impact of the organizations they support. Volunteers have completed more than 100,000 hours of service, worth an estimated $6 million for more than 70 social enterprises in 20 countries. Collectively, Bankers without Borders’ social sector clients are reaching more than 18 million individuals living in poverty.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs