News

From ABC news:

The racial reckoning in America calling for diversity has touched every industry including banking.

According to a report from the Committee for Better Banks -- a bank workers' advocacy group -- Black and Latino employees have a significantly smaller chance of holding an executive position in corporate banks in comparison to their white counterparts.

From CNN:

New York (CNN Business)The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation's largest financial institutions.

From Fortune Magazine:

At first glance, the economic fallout from the COVID-19 pandemic mirrors the one following the subprime mortgage crisis that came to a head in 2008. 

Bloomberg News:

There are “major shortcomings” in how some big U.S. banks are providing financial relief for customers and instituting safety measures for front-line workers during the coronavirus pandemic, according to a coalition of labor unions, employees and advocacy groups.

NATIONWIDE —  In response to the Federal Reserve’s announcement that it will ease growth restrictions, following toxic sales scandal exposed in 2016, Committee for Better Banks Organizing Directors Nick Weiner and Erin Mahoney issued the following statement: