Congresswoman Ayanna Pressley has called on the five largest banks in America, asking them to update their racial equity commitments following the murder of George Floyd in 2020. The March on Washington for Jobs and Freedom Anniversary Approaching the 60th Anniversary of the March on Washington for Jobs and Freedom, Representative Pressley, a House Financial Services Committee member, has reached out to the five largest American banks for updates. Held on August 28, 1963, in Washington, D.C., this pivotal march sought to champion African Americans’ civil and economic rights. Its
Although there aren’t many, Black-owned banks have gone from strength to strength and have enabled the community to accumulate savings, learn finance skills, start their businesses, and more. Some might question why these banks are necessary, and the truth is, in some parts of the world, financial exclusion has put Black people at a severe disadvantage. And if you take a closer inspection at America’s staggering wealth gap where the median wealth for a Black family is just a tenth of a White household’s – it becomes more apparent why minority-owned banks
