Black-owned banks are a shrinking part of the American financial system. There are currently only 21 Black-owned banks in the U.S., down from 36 a decade ago. Collectively they control just $4.8 billion, less than 1% of the nation's banking assets.
Today on The Indicator, we take a look at why this matters. Why we still need Black-owned banks, and why something as boring as banking lies at the heart of America's racial disparities.
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