PMorgan Chase & Co. agreed to pay $19.5 million to members of a class-action lawsuit who alleged discrimination. “Six current and former black employees say they were sent to less lucrative
branches, denied opportunities, kept out of a program for richer clients, and were paid less than white colleagues,” according to the New York Business Journal.
JPMorgan will also pay
$4.5 million for bias training and other initiatives.
Read the whole story at New York Business Journal »