NEW YORK CITY (CNN NEWSOURCE) — The largest bank in the country wants to hire more people who have criminal backgrounds.
Jamie Dimon, JPMorgan’s CEO, made the announcement in a statement released Tuesday. He said it’s a way to level the playing field and broaden its pool of potential employees.
“When someone cannot get their foot in the door to compete for a job, it is bad for business and bad for communities that need access to economic opportunity,” Dimon said in a written statement.
JPMorgan has now “banned the box” that asks prospective employees whether they have a criminal record. The firm is already hiring some people with a conviction on their record for entry-level jobs, like transaction processing and account servicing.
However, the company says it is not lowering its hiring standards.
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