Carver Federal Savings Bank, the largest Black-run bank in the U.S. is the latest bank to be bailed out. Carver Federal Savings received a $55 million cash rescue from key investors including Citigroup, Goldman Sachs, Morgan Stanley. See also: Bank Of America Website Issues Continue “This represents a significant shift from community ownership to corporate,” said […]
Carver Federal Savings Bank, the largest Black-run bank in the U.S. is the latest bank to be bailed out. Carver Federal Savings received a $55 million cash rescue from key investors including Citigroup, Goldman Sachs, Morgan Stanley. See also: Bank Of America Website Issues Continue “This represents a significant shift from community ownership to corporate,” said […]
With the increasing scrutiny of major banks, many people are considering leaving their banks for smaller institutions or credit unions. Returning to Black-owned banks may actually benefit many African-Americans who are unhappy with the major institutions, according to BET.com Historically, Black-owned banks were important institutions in the African-American community that provided loans and services to […]
