Juneteenth: Bank of America, JPMorgan, Wells Fargo to Close for Holiday Next Year

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  • Bloomberg Quicktake: Now published this video item, entitled “Juneteenth: Bank of America, JPMorgan, Wells Fargo to Close for Holiday Next Year” – below is their description.

    Bank of America Corp. joined JPMorgan Chase & Co. and Wells Fargo & Co. in closing offices for Juneteenth starting next year after President Joe Biden signed the federal holiday to commemorate the end of slavery in the U.S. into law.

    The banking giants told U.S. employees they’ll receive a floating paid day off to mark the occasion this year, with June 19 falling on a Saturday. The three companies all will add Juneteenth to their regular holiday schedules starting next year, they said in memos to their staffs.

    “As a company that stands strong against prejudice, injustice and inequality, we are committed to putting an end to discrimination of any kind, against any group, anywhere it exists in society today,” JPMorgan Chief Executive Officer Jamie Dimon and Brian Lamb, the bank’s global head of diversity and inclusion, said in a memo Thursday. “This week’s milestone serves as reminder for each of us to rededicate our actions to the pursuit of equality for every community.”

    Most government workers will be granted paid time off Friday. The Federal Reserve Board’s offices in Washington will be closed Friday, while its financial services operate normally. The central bank said earlier that it will “determine how to adjust our schedule to reflect the new federal holiday in the years to come.” The Securities and Exchange Commission also said its offices will close.

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    In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

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