JPMorgan pledges $30 billion to address racial wealth gap
by Imani Moise

Reuters    Translate This Article
9 October 2020

On 9 October 2020 Reuters reported: JPMorgan Chase and Co said on Thursday [8 October] it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race ... The initiative seeks to provide $8 billion in new mortgages for Black and Latino borrowers, $14 billion in loans for affording housing projects, $2 billion in small business loans, and $2 billion in philanthropy. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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