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JPMorgan Chase announces latest efforts in its $30 billion commitment to address racial inequality – CNBC

Historically, banks have contributed to inequality through now-banned practices including redlining.

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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,…

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