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Bloomberg Businessweek Weekend - June 16th, 2023
Bloomberg Businessweek
The Bias of Black Financial Institutions
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There are historically black banks. Are they still in operational, the same sort of scale that they once were? Well, you know, since Reconstruction, about 17 of them. So that's not a big number across the country. Probably have more capital than ever ahead. Right. During the number of years prior to these events that we've talked about, such as the murder George Floyd and how the whole industry sort of changed,. It was a tough world. And I'm still tough, but it is changing because the banks do have capital prior to,you know, there wasn't capital to do things.Right. Because it's a vicious cycle. If you don't have access to capital
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