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JPMorgan pledged $30bn to racial equity efforts but where’s the progress?
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JPMorgan Chase made the biggest racial-equity commitment of any US company in the aftermath of George Floyd's murder in May of 2020, promising to spend $30bn over five years to close the wealth gap for communities of colour. The bank now says it has made substantial progress — while some critics say it hasn't gone far enough.
By the end of 2021, the bank (JPM) had deployed or committed more than $18bn of that sum, focusing on increasing homeownership, expanding affordable rental housing, supporting minority-owned small businesses,...
Read more on fnlondon.comAbout this in other media
Fast-fashion giant Shein pledges $15m for textile waste workers in Ghana theguardian.com /1 year ago
JPMorgan shakes up senior ranks of debt advisory team fnlondon.com /1 year ago
JPMorgan CEO Dimon says he’s ‘religious’ about paying bankers well fnlondon.com /1 year ago
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