As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those startup founders were limited. SVB had a reputation for servicing people from underrepresented communities like hers. Its failure has reignited concerns from industry experts about lending discrimination in the banking industry and the resulting disparities in capital for people of color.
They also were able to share different regional banks that have stood up and been like, ‘Hey, if you have accounts at SVB, we can help you guys,’” Bradley said. Many women, people of color and immigrants opt for community or regional banks like SVB, Bradley says, because they are often rejected from the “top four banks” — JPMorgan Chase, Bank of America, Wells Fargo and Citibank.
Did Pete Buttigieg write this article for you, CNN?
SVB failure shows that there is no discrimination in the banking industry. Decisions of creditworthiness must be made ONLY based on economic, not gender or race or other metrics. Making decisions based on something other than economics results in bank failure.
How r we supposed to even know which banks are known for servicing BIPOC communities? Can u list which banks are known for not doing that
LOL, SVB only serviced the already rich in silicon valley. CNN being evil as usual.
ExplainThisBob
Oh ok so non white ppl shouldn’t get loans since giving them loans causes banks to collapse? Got it now imma just check white for race thanks though we know the US has never been about equality and the only way to get ahead is to claim white as your race on paper.
Is this NPR?
if i can get to US, i will vote blue. contact and dm me. lol.
Silly
If you need a loan please send me a DM Range between $1,000,000 - Unlimited
More proof there is nothing won’t weave race baiting into… activists not Journalists. Propaganda not news.
CNN when will you be ashamed of being wrong always ? 😂
Weird, race?
it was the racism bros nothing to do with who committed the crimes
You actually mean BLM & Antifa Insurrectionists. Can anyone say Biden Banking Collapse?
Obama 2.0
Engeland needs to be very cautious indoors for 5 years
My god….
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