JPMorgan Chase (NYSE: JPM) announced today that it will host a series of Veterans Day events to honor U.S. military veterans as well as company employees who have served. The initiatives reflect JPMorgan Chase’s longstanding commitment to supporting America’s servicemembers and their families. “We have the finest military in the world because of the quality of the people who have served,” said Frank Bisignano, JPMorgan Chase Chief Operating Officer and Mortgage Banking CEO. “Veterans Day is about honoring their dedication and service, and while we should take the time to thank and recognize them for their contributions to our nation, we must also do everything in our power to support them while they’re serving and to help them transition when they return to civilian life.” Veteran’s Day Parades Chase will again sponsor the New York City Veterans Day Parade on Sunday, November 11. As a leading sponsor of the parade, the bank will showcase a 100,000 Jobs Mission float, which will be accompanied by employee veterans from JPMorgan Chase, members of the 100,000 Jobs Mission and their families. In March 2011, JPMorgan Chase and 10 other companies launched the 100,000 Jobs Mission, a coalition of companies committed to hiring at least 100,000 veterans by 2020. Since then, the coalition has grown to 83 companies and has hired more than 28,000 veterans – and counting. JPMorgan Chase employees with military experience and other supportive employees will march in 13 Veteran’s Day parades in communities across the country— Colorado Springs; Columbus; Dallas; Houston; Las Vegas; Media, Pa.; New York; Orlando; Overland Park, Kan.; San Antonio; San Diego; Springfield, Mo.; and Tampa. The bank's senior leaders will also celebrate thousands of employees who have served and who continue to serve in the military at 20 luncheons in 19 cities across the U.S. Home Awards In honor of Veterans Day, Chase and its non-profit partners will award nine mortgage-free homes to military families in Florida, Georgia, Illinois, Indiana, Tennessee and Texas. In early 2011, Chase announced that it will award 1,000 mortgage-free homes to deserving veterans and their families by 2016. So far, Chase has provided more than 330 homes to its non-profit partners – Building Homes for Heroes, Military Warrior Support Foundation and Operation Homefront – to award to veterans and their families.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.