JPMorgan Shut Out of Texas Muni Work

JP Morgan has exited the Texas muni bond market due to a new law restricting banks that limit business with the firearms industry. This law's ambiguity has led JP Morgan to avoid bidding on most business with Texas public entities. Meanwhile, Jefferies has reported a record quarter for its investment banking division, doubling its revenue from the previous year, driven by a surge in Wall Street deals. BlackRock is trialing a hybrid work model, asking employees to return to the office three days a week while working remotely for two days.

How did the new law in Texas affect banks that limit business within the firearms industry?

What was the reason JP Morgan was shut out of the muni bond market in Texas?

What stance did JP Morgan take regarding the ambiguous law in Texas?

What was the financial performance of Jeffries' investment banking division compared to last year?

What is BlackRock's plan for its employees regarding office attendance?