Finance

JPMorgan’s announces efforts in its commitment to help close racial wealth gap

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

Giulia Marchi | Bloomberg | Getty Images

JPMorgan Chase on Tuesday announced its latest round of initiatives to support banks and credit unions that are primarily owned or directed by people of color, as well as banking institutions that work with underserved communities.

It’s part of JPMorgan’s $30 billion commitment to help address wealth inequality.

“These new initiatives are focused on strengthening minority-owned and diverse-led financial institutions by providing additional access to capital, connections to institutional investors, specialty support for Black-led commercial projects and mentorship and training opportunities,”…



Source cnbc.com

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