Reuters exclusively reported that JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments. The move makes JPMorgan the most high-profile corporation known to have distanced itself from Purdue and its wealthy owners, the Sackler family.
Reuters exclusively reports JPMorgan cuts ties with OxyContin maker Purdue Pharma
23 May 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas