JP Morgan CEO Jamie Dimon said in a note on Friday that the bank is giving $1 million to Feeding America and United Way Worldwide to provide meals, services, counseling, and other financial aid to help federal workers and their families affected by the government shutdown.
With government officials advising unpaid federal workers to take out loans and other forms of credit in the midst of the shutdown, Dimon and JP Morgan decided to take action.
“We want a reasonable solution to the shutdown and want to see it end immediately. In the meantime, we continue to serve those who need help,” Dimon wrote.
“As the government shutdown drags on, I want you to know that we’re working hard to help our communities and our customers, just as we do whenever they are struggling. And we’re looking at other ways that we — and you — can help,” Dimon added.
Dimon’s comments come as he said earlier this week that fears of a global growth slowdown and the U.S. in the midst of a government shutdown could spell trouble for the economy.