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JPMorgan Stands Firm On DEI While Other Banks Fold Under Pressure

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.

Emma AscottbyEmma Ascott
February 25, 2025
in News
Reading Time: 1 min read
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JPMorgan Stands Firm On DEI While Other Banks Fold Under Pressure

CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. LUDOVIC MARIN/Pool via REUTERS/File Photo

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.

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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.

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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)

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Source: Reuters
Tags: DE&ILeadershipNorth AmericaWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is the Associate Editor for Allwork.Space, based in Phoenix, Arizona. She covers the future of work, labor news, and flexible workplace trends. She graduated from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University, and has written for Arizona PBS as well as a multitude of publications.

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