New York (CNN Business) JPMorgan Chase (JPM) is committing $30 billion over the next five years to promote racial equality. "Systemic racism is a tragic part of America's history," said JPMorgan Chase Chairman and CEO Jamie Dimon in a news release. It's long past time that society addresses racial inequities in a more tangible, meaningful way." "The Covid-19 crisis has exacerbated long-standing inequities for Black and Latinx people around the world. We are using this catalytic moment to create change and economic opportunities that enhance racial equity for Black and Latinx communities," said Brian Lamb, JPMorgan's global head of diversity and inclusion in a statement.

Source: CNN October 08, 2020 03:56 UTC