Silicon Valley Bank Closes:How common are bank failures, and did SVB fail due to diversity or being too “woke?” Network from svb Watch Video
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Description: The federal government closed Signature Bank this past Sunday; regional banks have the most to lose right now if the panic runs continue--Black banks should be considered.nnIn this episode of News Too Real, show hoston the contrary, Black banks have had key discriminatory factors contributing to their losses and failures.Dudley Najieb reveals those historical challenges, as well as comforting news on 21 thriving, mostly FDIC insured, Black-owned banks nationwide.