Promising news has rolled in for underrepresented groups regarding banking.
Jun 16, 2023
In an effort to work toward closing the racial wealth gap, Major League Soccer (MLS) will participate in a first-of-its-kind deal with Black-owned banks. According to MLS Soccer, the partnership includes a $25 million loan from a syndicate of Black-owned banks and will serve as a defining moment in history because there has never been a major commercial transaction “exclusively” between Black banks and a major sports league. “Major League Soccer’s partnership with the National Black Bank Foundation is a tangible step in the efforts to close the racial economic gap in the United States, and it’s the right business decision for us,” said MLS Commissioner Don Garber in an official statement. “As a league, we continue to increase our initiatives in support of racial justice. In order to make a genuine impact, economic justice must be part of the equation. This transaction with a syndicate of community-focused Black banks is an important measure, and it is our hope this will raise...
Mar 11, 2022