JPMorgan Chase will continue its diversity efforts, its CEO Jamie Dimon said in an interview with CNBC on Monday, despite a broader corporate retreat from such initiatives.
The bank will continue its outreach to Black, Hispanic, LGBT, veteran and disabled communities, Dimon said.
Earlier this month, the largest U.S. bank said it expects “to be criticized by activists, politicians and other members of the public” concerning business practices or positions it takes with respect to public policy, such as diversity, equity and inclusion (DEI).
Several corporate giants have been softening their DEI commitments amid a push by President Donald Trump to dismantle such programs in the federal government and the private sector.
Citigroup has said it will no longer require a diverse slate of candidates for job interviews, while Goldman Sachs canceled a four-year-old policy of exclusively taking public companies with at least two diverse board members.
(Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona)
