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Why SEC s climate disclosure rules could hit banks hardest americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Melissa Shin
Calls have grown in recent months for banks to consider how systemic racism affects their customer service and lending practices.
A survey of 342 Black entrepreneurs released in May found that anti-Black systemic racism, particularly at banks, creates widespread barriers. The survey, commissioned by the African Canadian Senate Group and Senator Colin Deacon, revealed that only 19% of Black entrepreneurs said they trust banks to do what is right for them and their community.
That mistrust correlated with a lack of access to loans: almost all survey respondents said they started financing their businesses through personal savings or credit cards, with only 15% using a bank loan.
Banks facing calls to address racial barriers advisor.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisor.ca Daily Mail and Mail on Sunday newspapers.
Public Benefit Corporations Flourish In The Public Markets forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.