JPMorgan changes diversity schemes

JPMorgan Chase is revamping its Diversity, Equity and Inclusion (DEI) programs, renaming them Diversity, Opportunity and Inclusion. Chief operating officer Jenn Piepszak said: “The ‘e’ always meant equal opportunity to us, not equal outcomes,” adding that the bank believes the change “more accurately reflects our ongoing approach to reach the most customers and clients to grow our business, create an inclusive workplace for our employees and increase access to opportunities.” JPMorgan plans to integrate some DEI initiatives into different lines of business, including human resources and corporate responsibility. The bank also plans to reduce training on these topics.