The announced merger between Optus Financial, M&F Bancorp marks one of the most significant developments in minority banking in decades. Announced on July 22, 2026, the transaction exceeds $105 million. It will create the largest Black-owned bank in the United States. The bank will have approximately $1.27 billion in assets, subject to regulatory and shareholder […]
Author: minoritybank
The Economist’s Global General Counsel Summits
We are proud to serve as a Supporting Organization for The Economist’s 2026 General Counsel Summit series, bringing together leading general counsel, chief legal officers, corporate executives, and legal innovators from around the world. General Counsel Summit USSeptember 15, 2026 | New York City. Explore how legal leaders are responding to an increasingly unpredictable legal and business […]
June 2026 Employment: Looks Better. The Market Does Not.
The June 2026 Employment Situation Report presents a familiar challenge for policymakers and investors: a lower unemployment rate that masks a weakening labor market. While the official unemployment rate declined to 4.2%, the underlying data point to slowing employment growth, declining labor force participation, and persistent racial disparities that continue to place Black workers and minority-owned […]
GDP and Economic Growth in 2024: Assessing the Impact on Black-Owned and Minority-Owned Businesses
The U.S. economy experienced a 2.3% annual growth rate in the fourth quarter of 2024, culminating in a 2.8% expansion for the entire year. This growth was primarily driven by robust consumer spending and increased government expenditures. See: https://www.impactinvesting.online/2025/01/economic-growth-in-2024-assessing.html
Trump’s Tariffs: A Heavy Blow to Black and Minority-Owned Businesses
The impact of Trump’s proposed tariffs on Black and minority-owned businesses could be significant and largely negative, given their reliance on cost-effective supply chains, imported goods, and price-sensitive consumers. Here’s a breakdown of how these tariffs might affect minority businesses: https://www.impactinvesting.online/2025/02/trumps-tariffs-heavy-blow-to-black-and.html
December, 2024 Employment: Persistent Disparities.
McDonald’s cools on DEI, shifts to ‘global inclusion’
The shift in strategy comes as a result of work done last year, McDonald’s said, including a “comprehensive Civil Rights Audit.”https://www.esgdive.com/news/mcdonalds-dei-2025-global-inclusion/736733/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202025-01-08%20ESG%20Dive%20%5Bissue:69246%5D&utm_term=ESG%20Dive Also see: https://corporate.mcdonalds.com/corpmcd/our-stories/article/our-commitment-to-inclusion.html
PayPal Minority VC Funding Lawsuit: A Bad-Faith Argument
The lawsuit filed by Andav Capital and its founder, Nisha Desai, against PayPal represents not only a fundamental misunderstanding of the purpose and legality of diversity initiatives but also a bad-faith attempt to weaponize civil rights law against efforts to address historical and systemic inequities. See: https://www.linkedin.com/pulse/response-paypal-minority-vc-funding-lawsuit-zbqse/
Dream Chasers Capital Group Calls for Transparency and Accountability at Carver Bancorp Annual Meeting
NEW YORK, Dec. 13, 2024 — Dream Chasers Capital Group LLC (“Dream Chasers”) is raising serious concerns about irregularities during the Carver Bancorp, Inc. (“Carver,” or the “Company”) (NASDAQ: CARV) Annual Meeting of Shareholders held on December 12, 2024. Dream Chasers is urging Carver’s Chief Executive Officer, Donald Felix, and the Board of Directors to […]
Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses
Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses, Yet Some Opportunities May Exist. https://www.blackenterprise.com/trumps-new-economic-policies-could-have-a-detrimental-impact-on-black-businesses-yet-some-opportunities-may-exist/amp For more, see: Webinar – Trump’s Impact on Black, Small, Minority and Women-owned Businesses. Live Dec 30, 2024 at 3:00 PM. Creative Investment Research. https://events.eventnoire.com/e/trumps-impact-on-black-small-minority-and-women-ow