Online savings banks paid incredible rates a few years ago — and now pay very little in comparison. Part the reason is the Fed, but that's not the whole story.
INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Citigroup Inc.
The Wall Street bank said the three-year initiative will include programs that would provide greater access to banking and credit in communities of color, increase investment in Black-owned businesses and expand homeownership among Black Americans. "We are in the midst of a national reckoning on race and words are not enough," said Chief Financial Officer Mark Mason. Citi's statement comes amid a broader re-think of racism in the United States in recent months, after police killings of Black Americans including George Floyd, who died on May 25 in Minneapolis.