JPMorgan Chase Funding $30B To Fix "Systemic Racism" In Banking

The New York Bank is committing $30 billion over five years to address systemic racism in the economic system. This includes loans for black and Latino homebuyers and small business owners, financing for affordable housing, and programs to provide low-cost banking services in minority neighborhoods. The CEO emphasizes the need to dismantle systems that perpetuate racism and inequality.

What is the primary goal of the New York Bank's $30 billion commitment?

• To increase the bank's profits

• To address systemic racism in the economic system

• To reduce interest rates for all customers

• To expand globally

Which communities are targeted for increased homeownership and business loans?

• European and Middle Eastern communities

• All communities equally

• Black and Latino communities

• Asian and Native American communities

How many small business loans does the bank plan to finance for black and Latino-owned businesses?

• 10,000

• 20,000

• 25,000

• 15,000

What does JP Morgan Chase's CEO say about systemic racism?

• It is a minor issue

• It is a tragic part of America's history

• It has been completely eradicated

• It is not relevant to the bank's operations

What is one of the bank's strategies to help minority communities with banking services?

• Offering high-interest loans

• Opening new branches in minority neighborhoods

• Reducing the number of branches

• Focusing only on online banking