08:49 AM EDT, 03/21/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) shifted the focus of its diversity, equity, and inclusion programs to 'diversity, opportunity, and inclusion' to align with changing market and regulatory conditions, Reuters reported Friday, citing a memo.

The bank replaced the word 'equity' with 'opportunity' to emphasize equal opportunity over equal outcomes, more accurately reflecting the bank's strategy to reach more customers, foster an inclusive workplace, and improve access to opportunities, the report said.

Some of JPMorgan's ( JPM ) programs previously managed centrally by diversity, equity, and inclusion will now be integrated into other business areas, the report said.

The bank plans to reduce training on these topics, the report said.

JPMorgan ( JPM ) did not immediately respond to MT Newswires' request for comment.

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