Category Archives: Money & Finance

Why America needs black-owned banks

Black-owned banks in the U.S. were once a financial haven for African-Americans at a time when discrimination in the industry was common. Today, these banks function as engines for economic revitalization in often-distressed communities. But their numbers are in decline, and some people are trying to change that. In recent months, some black banks reported… Read More »

How blacks took banking into their own hands

Many folks try to make a dollar out of 15 cents, but African Americans don’t always take those nickels and dimes to a bank. More than 18% of African Americans don’t have traditional bank accounts, compared with 7% of all Americans, according to the Federal Deposit Insurance Corp. But where banks don’t fill the bill,… Read More »

Board Diversity Still Unusual In A Fortune 500 Firm

In her last formal speech before the former President Barack Obama left office, Michelle Obama referenced minorities and their importance to U.S. society. At the event honoring high school counselors, the former first lady said that the U.S. belonged to people for all backgrounds and walks of life. “Our glorious diversity – our diversities of… Read More »