JPMorgan creates investment product for black-owned banks
File Photo: JPMorgan also said it will offer favorable terms to Black-owned, Black-led and Black-serving businesses and nonprofits
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. Updated: 23 Feb 2021, 07:32 PM IST Bloomberg
JPMorgan said it will share the assets and fees generated from the offering with the banks that distribute it, and will donate 12.5% of the annual revenue it makes from management fees to efforts aimed at boosting community development
It said Google has promised to invest $500 mn in the special money market share class
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JPMorgan Chase & Co. developed an investment product for Black-owned banks and made equity investments in four minority depository institutions, part of an earlier pledge to help address the US racial wealth gap.
Google Plans to Invest Half a Billion Dollars in JPMorgan s Racial Equity Push
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JPMorgan and Google launch program to help minority-owned banks
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Georgia rich with Black-owned or -operated banks and credit unions
Black-owned and operated banking
Black-owned or operated banks and credit unions are nationwide, but many are focused right here in the southeast.
ATLANTA - As FOX 5 continues to highlight Black achievement during Black History Month, we look at banking. Access to credit is fundamental to financial growth and stability.
Black-owned or -operated banks and credit unions are nationwide, but many are focused right here in the Southeast.
Bank Black promotes these financial instituions and tracks them on their website. And many are concentrated in the Southeast. You can go in closer and check out a great map on Blackout Coalition to see what we have here in metro Atlanta.