JPMorgan Chase Settles Racial Discrimination Suit for $24M
Last week, JPMorgan Chase & Co. agreed to pay $19.5 million to settle a class action racial discrimination lawsuit with more than “200 current and former black financial advisers and their attorneys.” Additionally, the bank agreed to spend $4.5 million to “in-house development programs over the next three years to recruit advisers and help them be successful in those positions.”