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27.09.2020, 15:20

Citi Pledges $1 Billion To Narrow The Racial Wealth Gap, Confront Wealth Inequality

Citi Pledges $1 Billion To Narrow The Racial Wealth Gap, Confront Wealth Inequality

Forbes Sep. 23, 2020

Citi Pledges $1 Billion To Narrow The Racial Wealth Gap, Confront Wealth Inequality

Another major U.S. bank is making a ten-figure commitment to tackle racial inequality.

On Wednesday, Citigroup, the nation’s fourth-largest bank by asset size, pledged more than $1 billion over the next three years to address the widening racial wealth gap and increase the economic mobility of Black Americans.

“The pandemic is a health crisis with severe economic implications and it’s led to an unveiling of the systemic racism that has existed in this country for far too long,” says Citi’s CFO Mark Mason, who’s part of a small cadre of prominent Black executives on Wall Street.

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24.09.2020, 00:15 von COO | 78 Aufrufe

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