The New York Post: Former J.P. Morgan employee files racial discrimination suit against company

An attempted Harlem “shuffle” has backfired at J.P. Morgan Chase Co., according to a lawsuit.

An African-American former broker at the giant Wall Street asset manager is charging racial discrimination, claiming his career was badly sidelined because of his ethnicity.

The suit comes at a time when the firm, led by Chief Executive Jamie Dimon, has been going all out to hire and retain more ethnically diverse talent.

When J. P. Morgan JPM, +1.30% , which manages money for some of the globe’s richest families, tried unsuccessfully to encourage one broker, Francis Abanga, to switch from the bank’s affluent New York neighborhood offices to a seemingly low-producing Harlem branch — allegedly saying it was a “good fit” — the offer ignited racial tensions, according to the racial discrimination lawsuit filed against the bank in federal court.

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