A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) The titans of Wall Street have long avoided taking a leadership role on environmental and social issues. What's happening:announced Thursday that it will spend $30 billion over the next five years to promote racial equality. "It's long past time that society addresses racial inequities in a more tangible, meaningful way," CEO Jamie Dimon said in a statement. "When the crisis hit, Powell went all out and opened the spigots," said George Calhoun, professor of quantitative finance at the Stevens Institute of Technology.

Source: CNN October 08, 2020 12:11 UTC