Economy

Occupy Protestors Convince City Of Buffalo To Move Its Money From JP Morgan

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The Buffalo News reports that Occupy Buffalo protesters have convinced city officials to move $45 million out of an account with JP Morgan Chase, and to transfer the money to First Niagara Financial Group. “Not only will the funds earn more interest with First Niagara, a major local employer headquartered in Buffalo, but it also sends a crystal-clear message to JPMorgan Chase that the City of Buffalo is not happy with their business practices,” said city comptroller Mark Schroeder said. Activists have convinced leaders of several cities and churches to move their money from the nation’s biggest banks to smaller community banks.