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A New 'Blueprint' for Increasing Equity in Investing — and Why It Matters

Authors present their new Investor Blueprint for Racial and Economic Equity at NY Fed event.

The Brief: Community climate infrastructure, nature-based carbon, women-led tech in Latin America, Cake's demographic trifecta, B of A's stakeholder performance

Despite big influx of capital, Black banks say more is needed

Billions of government and corporate dollars are pouring into minority banks and community development lenders, complicating the efforts of some investment funds that had similar goals. Still, banks owned and run by African Americans say the equity infusions are small in the context of the nation’s wide racial wealth gap.

Aron Betru Joins PE Firm Trident

Wells Fargo invests in five additional black-owned banks

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Wells Fargo invests in five additional black-owned banks 3 hours ago Source: Wells Fargo Wells Fargo & Company (NYSE: WFC) today announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. As part of the equity capital investment, Wells Fargo is also offering access to a dedicated relationship team that can work with each MDI on financial, technological, and product development strategies to help each institution strengthen and grow.