JPMorgan Chase & Co. agreed to pay $19.5 million to members of a class action lawsuit who alleged discrimination.
Six current and former black employees at the New York-based bank (NYSE: JPM) 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.
“These racial disparities result from Chase’s systemic, intentional race discrimination and from policies and practices that have an unlawful disparate…