Jamie Dimon denounces 'racism and hate in any form' in memo to staff

By Elizabeth Dilts Marshall

(Reuters) – JPMorgan Chase & Co (N:) Chief Executive Officer Jamie Dimon told employees that he’s “disgusted by racism and hate in any form” after a New York Times report detailed instances of racial discrimination at some of the bank’s branches.

“Racism has existed for too long — in our country, in our communities — and unfortunately, at times, even at our company,” Dimon said in a memo, seen by Reuters, sent late Friday to employees.

“We will use this moment as an opportunity to do better — as leaders, as employees and as human beings,” he added.

Earlier this week, the New York Times reported instances of racial discrimination at the bank’s branches in the Phoenix, Arizona area, citing audio recordings as evidence.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.