“…JPMorgan Chase will extend a $1.5 trillion investment program designed to bolster U.S. economic resilience across Europe, the Wall Street giant said on Tuesday.
The 10-year Security and Resiliency Initiative (SRI) was launched in the U.S. last October with the aim of facilitating, financing and investing in industries deemed critical to American economic security and resilience.
It was announced in November that the U.K. would be brought into the plan, which is focused on several key areas, including supply chains and manufacturing, defense and aerospace, energy independence, healthcare, and strategic technologies like AI.
Jamie Dimon, CEO of JPMorgan Chase, said in a statement Tuesday that the U.S. and Europe have for too long relied on “unpredictable sources for things like critical minerals that are essential to collective security and prosperity.”
“Now, it is in our best interest to address these challenges together — because our security, freedom and economic growth depend on it,” he said…”