November 10, 2011 / 1:11 AM / 8 years ago

No impact from Alabama county bankruptcy: JPMorgan

NEW YORK (Reuters) - JPMorgan Chase will not suffer a material impact from the decision by Alabama’s Jefferson County to file for bankruptcy, a bank spokesman said on Wednesday.

The bank is one of the county’s biggest creditors. Legislators in Jefferson County voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.

“The filing will have no material impact on us, a bank spokesman said by email.

Reporting by Joan Gralla; Editing by Richard Chang

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