CEOs and other business leaders are under increasing pressure to address racial inequality with tangible actions.
, sharp criticism by employees has prompted pledges to increase diversity and invest in causes that advance equity.
Yet JPMorgan's efforts have been complicated by its past. Like other banks, it's perpetuated policies that have made it harder for Black Americans to get lower interest rates, qualify for mortgages or access capital. Peters was later fired by JPMorgan. He then filed a discrimination claim with the EEOC and the civil rights division of the Arizona attorney general's office accusing the bank of discrimination, according to the Times report. Peters worked for JPMorgan in Arizona. JPMorgan denies Peters claim, the Times said.
"People will be looking for action-oriented items and executions versus just pacifying a moment with a statement."Companies looking for solutions won't find a quick fix, said Magnus Ogunnaike of civil rights group Color of Change.
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